Rocket Lab officially opens its third launch pad, with the first mission expected to launch within a week | Your money

MAHIA PENINSULA, New Zealand–(BUSINESS WIRE)–February 23, 2022–

Rocket Lab USA, Inc. (Nasdaq: RKLB ) (“Rocket Lab” or “the Company”), a global leader in launch and space systems, today announced the completion of its second orbital launch pad at Launch Complex 1 in New Zealand – the third platform Company launch for its Electron rocket – and confirmed that the new pad’s first mission will be a dedicated commercial launch that is expected to lift off within a week.

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Rocket Lab 1 Launch Complex (Photo: Business Wire)

Pad B is based at Rocket Lab Launch Complex 1, the world’s first private orbital launch site, located in Mahia, New Zealand. The new platform is Rocket Lab’s third for the company’s Electron launch vehicle and joins the existing A-platform at Launch Complex 1 and a third launch pad at Rocket Lab Launch Complex 2 in Virginia, USA. United. With two operational platforms within the same launch complex, Rocket Lab doubles the launch capacity of its Electron launcher.

Launch Complex 1 Pad B will support the upcoming launch of an Electron mission dedicated to Japanese Earth imaging company Synspective. Liftoff is currently scheduled no earlier than February 28 UTC / March 1 NZT. Full details on the mission can be found here: www.rocketlabusa.com/missions/next-mission/

With two launch pads and private range assets at Launch Complex 1, simultaneous launch campaigns are now possible from the site. This enables resilient access to space by accommodating custom customer requirements or late spacecraft modifications while adhering to Rocket Lab’s manifesto schedule. Using two pads also eliminates pad recycling time, ensuring that a launchpad is always available for a quick-response mission. Launched from a private launch complex, Rocket Lab is also able to avoid the high scope fees and overhead typically associated with shared launch sites, resulting in a cost-effective launch service for operators. of satellites.

Rocket Lab Founder and CEO Peter Beck says, “A reliable launch vehicle is only part of the puzzle for unlocking access to space – operating multiple launch sites so we can launch when and where our customers need it is another crucial factor. We pride ourselves on providing responsive access to space for our customers, making back-to-back missions possible in hours or days, not weeks or months.

“Even with just one pad at Launch Complex 1, Electron quickly became the second most frequently launched US rocket each year. Now, with two pads at Launch Complex 1 and a third in Virginia, imagine what three pads on two continents can do for schedule control, flexibility, and rapid response for satellite operators worldwide.

More than 50 local construction workers and contractors participated in the development of Launch Complex 1 Pad B, which includes a 66-tonne launch pad and a 7.6-tonne reinforcement suitable for the Electron launcher. With Pad B operational, multiple roles are now available at Launch Complex 1 to support Rocket Lab’s increased launch cadence.

Rocket Lab – Launch Vice President Shaun D’Mello says, “With the Pad B, we kept things efficient. Its systems and layout replicate Pad A and share much of Pad A’s infrastructure, including the Electron Vehicle Integration Hangar, the track to the pad, and our own range control facility. Thanks to this, we were able to double our operational capacity – all on a concrete surface smaller than the average tennis court. I’m extremely proud of what the team has accomplished: building and bringing a second pad live, while continuing to maintain and operate pad A for our Electron launches to date, and in the midst of a global pandemic nothing less.

About Launch Complex 1

Located on New Zealand’s Mahia Peninsula, Launch Complex 1 is the world’s first and only private orbital launch site. As the launch site for Rocket Lab’s Electron rocket, Launch Complex 1 has supported the successful delivery of more than 100 satellites into space across a range of missions for environmental and marine monitoring, Earth observation , science and research, internet connectivity, technology research and development. , and national security.

An FAA-licensed spaceport, Launch Complex 1 is capable of supporting up to 120 launch opportunities each year. From the site, it is possible to achieve orbital inclinations ranging from sun-synchronous to 30 degrees, allowing a wide range of inclinations to serve the majority of the satellite industry’s missions in low Earth orbit.

Located in Launch Complex 1 are Rocket Lab’s private range control facilities, three satellite clean rooms, a launcher assembly hangar that can process multiple electrons for launch at a time, and administrative offices. Operating a private orbital launch site alongside its own lineup and mission control centers allows Rocket Lab to reduce overhead per mission, resulting in cost-effective launch service for operators of satellites.

Rocket Lab Images and video for download

www.rocketlabusa.com/about-us/updates/link-to-rocket-lab-imagery-and-video/

About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We provide reliable launch services, spacecraft components, satellites and other spacecraft and in-orbit management solutions that make getting to space faster, easier and more affordable. Based in Long Beach, California, Rocket Lab designs and manufactures the small Electron orbital launch vehicle and Photon satellite platform and develops the 8-ton Neutron payload-class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket each year and has delivered 109 satellites into orbit for private and public sector organizations, enabling national security, scientific research and space debris mitigation. , Earth observation, climate monitoring and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site in New Zealand, and a second launch site in Virginia, United States, which is expected to become operational. in 2022. To learn more, visit www.rocketlabusa.com.

Forward-looking statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. , as amended. . These forward-looking statements are based on Rocket Lab’s current expectations and beliefs regarding future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by such statements. prospective. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including risks related to the global COVID-19 pandemic; risks relating to government restrictions and lockdowns in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our reliance on a limited number of customers; the harsh and unpredictable space environment in which our products operate, which could adversely affect our launch vehicle and spacecraft; increased congestion due to the proliferation of constellations in low Earth orbit which could significantly increase the risk of potential collision with space debris or other spacecraft and limit or impede our launch flexibility and/or access to our own orbital slots ; increased competition in our industry due in part to rapid technological development and falling costs; technological changes in our industry that we may not be able to keep up with or that could make our services uncompetitive; evolution of average selling prices; the failure of our launch vehicles, satellites and components to perform as intended, either due to our design error in production or through no fault of ours; disruptions to the launch schedule; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in government regulations, including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that require us to cancel or reschedule launches, including customers’ contractual rescheduling and termination rights; the risks that acquisitions will not be completed on time or at all or that they will not achieve the expected benefits and results; and other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in the prospectus dated October 7, 2021 relating to our registration statement on Form S-1 (File No. 333-259757), which was filed with the Securities and Exchange Commission pursuant to Rule 424(b) on October 7, 2021 and elsewhere (including that impact of the COVID-19 pandemic may also exacerbate the risks are discussed there). There can be no assurance that future developments affecting Rocket Lab will be those anticipated by us. Except as required by law, Rocket Lab undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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CONTACT: Rocket Lab Media Contact

Murielle Boulanger

[email protected]

+64 27 538 9040

KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: AEROSPACE EQUIPMENT MANUFACTURING SATELLITE TECHNOLOGY

SOURCE: Rocket Lab USA, Inc.

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PUBLISHED: 02/23/2022 08:00 AM / DISK: 02/23/2022 08:02 AM

http://www.businesswire.com/news/home/20220223005596/en

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