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.
