Is Rocket Lab Stock a Buy After Its Big Contract Win?
A huge win for Rocket Lab may not be quite so big as it seems.
Overview
"Rocket Lab onboarded to U.S. Space Force's $981M NITE-STAR Program to advance space test and training infrastructure," blared the headline Monday evening. Managed by the U.S. Space Force's Space Systems Command, the announcement proceeded to explain, NITE-STAR will "support a distributed test and training architecture to help prepare space operators for contested scenarios." Fast-growing space company Rocket Lab (NASDAQ: RKLB) will participate in the program -- and potentially win up to $981 million in contracts.
Good news for Rocket Lab?
Details
Yes, but... the devil's in the details.
Source
Originally published at www.fool.com.
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