Posted: Sat, May 10, 2025, 9:49 AM ET (1349 GMT)

Rocket Lab won a Neutron launch contract for an Air Force "rocket cargo" program. The cargo test, slated for launch no earlier than 2026, would be a survivability experiment. Neutron is expected to carry a payload that will re-enter Earth's atmosphere, demonstrating the rocket's ability to safely transport and deploy cargo. Rocket Lab did not disclose the value of the contract but executives said in an earnings call Thursday that development of Neutron continues to be on schedule for a first flight later this year.