Rocket Lab's HASTE Is Flying Hypersonic Missions for the Pentagon. Here's the Defense Business Hiding Inside a Space Stock.
Rocket Lab is building on its space business and has secured several major defense contracts, providing stability amid its rapid expansion.
Overview
Exciting developments are happening for Rocket Lab (NASDAQ: RKLB), which recently secured some new defense contracts for its innovative Hypersonic Accelerator Suborbital Test Electron (HASTE) launch vehicle.
By positioning itself as a partner in the United States' national security efforts, Rocket Lab is building a profitable defense business that stabilizes earnings as it evolves into a trust defense contractor.
Details
Let's take a closer look at Rocket Lab's defense business hidden inside the space stock, and why this part of the overall business is a positive sign for long-term investors.
Source
Originally published at www.fool.com.