Rocket Lab USA Reschedules First US Launch; Lowers Q4 Revenue Guidance - Rocket Lab USA (NASDAQ:RKLB)

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  • Rocket Lab USA Inc RKLB has rescheduled the launch window for its first Electron mission from U.S. soil to January 2023.
  • The move of the planned launch window from December 2022 to early 2023 was driven by weather.
  • Also, the National Aeronautics and Space Administration (NASA) at Wallops and the Federal Aviation Administration (FAA) required additional time to complete essential regulatory documentation for launch.
  • The rescheduled mission will still take place from Virginia.
  • The new launch window will result in the mission and its related revenue being recognized in Rocket Lab’s fiscal Q1 2023 versus in fiscal Q4 2022, as was previously anticipated.
  • As a result, Rocket Lab reduced its expected Q4 2022 revenue outlook from the previously expected $51 million – $54 million to $46 million – $47 million (consensus $53.83 million).
  • The ‘Virginia Is For Launch Lovers’ mission will deploy three satellites for radio frequency geospatial analytics provider HawkEye 360.
  • Price Action: RKLB shares are trading higher by 1.79% at $3.97 in premarket on the last check Tuesday.
  • Photo Via Company

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Image and article originally from www.benzinga.com. Read the original article here.