GlobeNewsWire
16 Aug 2026, 18:31 UTC · 11h ago
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Rocket Lab successfully launched and established contact with the first eight of 17 satellite platforms built for MDA Space under a $143 million contract. — Successful delivery and orbital performance of a major contract milestone validate the company's revenue-generating capabilities and technical execution.
+0.60The Lightning satellite platform is now in production for multiple high-profile missions, including programs with the U.S. Space Force and the Space Development Agency. — Diversification into government and national security contracts provides long-term revenue visibility and reduces reliance on single commercial clients.
+0.40The deployed satellites support Globalstar's direct-to-device communications services and IoT applications. — Confirms the operational utility of the hardware in the growing direct-to-device market, which is a high-growth sector for space infrastructure.
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Successfully launched eight satellite platforms and demonstrated high-scale manufacturing and operational capabilities.
Their satellite constellation is being successfully replenished to extend mobile satellite services globally.
Successfully replenished Globalstar's constellation via their partnership with Rocket Lab.
[a_to_b] Rocket Lab built advanced satellite platforms for MDA Space under a $143 million deal.
[a_to_b] MDA Space is the prime contractor for the replenishment of Globalstar's existing constellation.
[a_to_b] Rocket Lab provides the satellite platforms used in Globalstar's network via MDA Space.
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