Rocket Lab contract win increases revenue visibility, says Roth MKM

Roth MKM says Rocket Lab announced the addition of a large U.S. government customer contract worth $515M. The firm believes this large security-related customer affirms Rocket Lab’s opportunity with this segment. Additionally, it represents the second large spacecraft construction win following the Globalstar win in 2022, the analyst tells investors in a research note. Roth says the contract further increases the company’s multi-year revenue visibility. It maintains a Buy rating on the shares with a $7 price target.