AFRL Uses Expedited Acquisition Process in Latest Spacecraft Contract Award

KIRTLAND AIR FORCE BASE, N.M. (AFRL PR) — The Air Force Research Laboratory Space Vehicles Directorate awarded an $8.4 million contract to Tyvak Nano-Satellite Systems, Inc. to support the directorate’s Precise flight experiment projected for launch in 2024.

“The Precise flight experiment represents a new orbital regime for AFRL in Very Low Earth Orbit,” said Dr. Rachel Hock-Mysliwiec, Precise program manager. “This experiment builds on more than 50 years of AFRL investigation into the physics of the upper atmosphere.”

Hock-Mysliwiec elaborated that the experiment will study ionization processes in the region of ionized gas, between 90 and 600 kilometers altitude.

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Rocket Lab Announces Third Quarter 2021 Financial Results, Issues Guidance for Fourth Quarter

Electron launches with OHB satellite. (Credit: Rocket Lab webcast)

Q3 2021 Financial Results Highlights

  • Revenue above high end of prior guidance range at $5.3 million
  • Backlog increased from $141 million at June 30, 2021 to $183 million as of September 30, 2021, and currently stands at $237 million as of November 15, 2021
  • Space Systems revenue in the third quarter 2021 grew 360% over the same quarterly period in 2020 to represent 27% of total revenue for the nine months ended September 30, 2021
  • Successfully completed the merger with Vector Acquisition Corporation resulting in ending cash balance at September 30, 2021 of $792.7 million

Q4 2021 Guidance

  • Revenue to range between $23 million to $25 million
  • GAAP and non-GAAP gross margins of 13 percent and 27 percent, respectively
  • GAAP and non-GAAP operating expenses between $24 million to $26 million, and $19 million to $21 million, respectively
  • GAAP Net Loss between $24 million and $26 million, and Adjusted EBITDA loss of $9 million to $11 million, which reflects adjustments for stock-based compensation, 3rd party fees associated with M&A activity, depreciation and amortization, FX gains and losses, interest expense, taxes and other recurring and non-recurring items
  • All of the above exclude any warrant expense impacts from the public and private warrants assumed from the Vector Acquisition Corporation merger that closed on August 25, 2021, and also excludes any impacts from the Advance Solutions Inc. acquisition and related purchase price accounting, and excludes any financial contributions and accounting impacts from the pending Planetary Systems Corporation acquisition announced today

LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal third quarter ended September 30, 2021.

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iRocket And Turion Space Ink Agreement For 10 Launches To Low Earth Orbit

iRocket Shockwave rocket illustration. (Credit: iRocket)

NEW YORK (iRocket PR) — On November 4, 2021, iRocket announced that the company signed an agreement with Turion Space Corp in Irvine, CA. Said iRocket CEO Asad Malik, “We are excited about this new partnership with Turion Space to provide rapid access to space and cost competitive launch costs for their 20 Droid satellites and the low-cost final orbit delivery option their Droid satellites will bring to some of our own customers.”

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JTF-SD Awards Space Domain Awareness Contract Via Marketplace

By Jennifer Thibault 
Joint Task Force-Space Defense Public Affairs

SCHRIEVER SPACE FORCE BASE, Colo.  –  The Joint Task Force-Space Defense awarded ExoAnalytical Solutions with a contract to provide space domain awareness data via the Space Domain Awareness marketplace following their participation in a recent Sprint Advanced Concept Training series.

Threat-focused SDA is critical to the JTF-SD’s mission to, in unified action with mission partners, deter aggression, defend capabilities and defeat adversaries throughout the continuum of conflict.

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Raymond Describes U.S. Space Force Achievements, Plans, Challenges Ahead

Chief of Space Force Operations Gen. John W. “Jay” Raymond gives an update on the U.S. Space Force during the Air Force Association Air, Space and Cyber Conference at National Harbor, Md., Sept. 21, 2021. (U.S. Air Force photo by Tech. Sgt. Areca T. Wilson)

By Charles Pope
Secretary of the Air Force Public Affairs

NATIONAL HARBOR, Md. (AFNS) —Chief of Space Operations, Gen. John W. “Jay” Raymond used a list of “firsts” and achievements across the Space Force’s brief history Sept. 21 to illustrate how the nation’s newest military service is “purpose built” for success at a time when the nation “can no longer take space for granted.” 

“Space is clearly a warfighting domain and we’re convinced that if deterrence were to fail, we’re going to have to fight and win the battle for space superiority,” Raymond told an audience of more than 2,000 during his keynote address at the Air Force Association Air, Space, and Cyber Conference. “Let me be clear; we don’t want to fight in space. We want to deter that from happening.” 

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Space System Command’s Launch Enterprise Awards Four Prototype Agreements

LOS ANGELES AIR FORCE BASE, Calif. (SSC PR) — Space Systems Command (SSC) is partnering with industry on prototype projects to invest in next-generation rocket engine testing and upper stage resiliency enhancements.

SSC’s Launch Enterprise today awarded FY21 prototype projects for Raptor Rapid Throttling and Restart Testing; Liquid Methane Specification Development and Testing; and Combustion Stability Analysis and Testing to SpaceX for $14.47 million, for Uplink Command and Control for Centaur V to United Launch Alliance for $24.35 million, for Upper Stage Development for Neutron to Rocket Lab for $24.35 million, and for Cryogenic Fluid Management for Glenn Stage 2 to Blue Origin for $24.35 million, under the National Security Space Launch program using the Space Development Corps’ Space Enterprise Consortium (SpEC).

Prototype projects for orbital transfer and maneuver are anticipated for award in early FY22, pending congressional approval of the FY22 budget request;

Space Systems Command to be Located in Los Angeles

ARLINGTON, Va. (U.S. Space Force PR — The Space Force released the organizational structure for its new Space Systems Command April 8. The Command is set to officially stand up in summer 2021 once all required conditions are met to re-designate the Space and Missile Systems Center at Los Angeles Air Force Base, California, as SSC headquarters.

SSC will rapidly identify, prototype, and field innovative, space-based solutions to deliver swift and responsive space capabilities to meet the demands of the National Defense Strategy.

“Space Systems Command’s organizational structure was purpose-built to anticipate and be responsive to the challenges presented by a contested space domain,” said Gen. John W. “Jay” Raymond, USSF chief of space operations. “We took the SMC 2.0 transformation of 2019 to the next level, aligning missions and organizations, and pushing authorities down from the three-star level to lower echelons in order to reduce cost and go fast. This will allow us to move at speed in delivering the resilient space capabilities necessary to stay ahead of a growing threat.”

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