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Space · RKLB

Rocket Lab Corporation

Recipient mapped to Rocket Lab USA, Inc.

ACTION DATE
22 Jun 2026

Obligation modification

+$5.36M

newly obligated by NASA

NASA added $5.36m of obligations to a VADR launch-services task order associated with Rocket Lab USA.

Event / point-in-time TTM revenue0.789%
Net award obligations$45.05M
TTM revenue denominator$679.58M
Award / parent award80KSC023FA107 / 80KSC022DA107
Current performance end27 Jan 2032

Interpretation guardrail: this is an obligation record, not recognised revenue, backlog, profit or cash flow. The ratio provides scale, not a forecast.

Investor research note

Rocket Lab government contracts: what is actually funded?

This NASA record is evidence that funds were obligated on the VADR task order associated with Rocket Lab USA. It is not evidence that Rocket Lab recognised the same amount as revenue in the quarter.

01

What the record proves

NASA committed an additional $5.36M on the mapped award. Net obligations on that award were $45.05M at the source snapshot.

02

What it does not prove

The obligation is not recognised revenue, backlog, profit or cash flow. It cannot be added directly to an earnings model without issuer reporting and accounting context.

03

What to monitor next

  • Later modifications that increase or reduce total funded obligations.
  • Whether the funded amount becomes material relative to updated company revenue.
  • Award extensions, option exercises and recipient or parent-award changes.

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