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Rocket Lab secures major supplier deal with undisclosed customer for large-scale constellation project.

Rocket Lab, a space systems company that designs, manufactures, and sells satellite components and spacecraft, has secured a major contract to provide reaction wheels to a mega constellation customer, according to its CFO Adam Spice. The deal is worth “thousands” of reaction wheels per year, with a base price of $100,000 per unit. While Rocket Lab has not disclosed the name of the customer, Amazon’s Project Kuiper and OneWeb are potential candidates. The contract is a major win for Rocket Lab’s revenues, with its space systems business bringing in over 70% of company revenue compared to launch in 2022. The company’s backlog also doubled last year, reaching $503 million.

Vaibhav Kulkarni
I am Vaibhav Kulkarni, Blogger By Passion, Civil Engineer By Profession. I am Tech Enthusiast and Travel Lover. I started my journey 3 years back with some ideas and no coding experience. I was always fascinated with technology and its credibility. I firmly believe in "Creating jobs rather than asking for one".