Europe's Navigation Future Takes Flight With Rocket Lab Electron
Rocket Lab Corp. (NASDAQ:RKLB) announced Wednesday that the European Space Agency (ESA) chose it to launch a dedicated Electron mission for the first time, marking a key step in Europe's future LEO-based navigation system.
Rocket Lab will launch two 'Pathfinder A' satellites, developed by Thales Alenia Space and GMV, from its Launch Complex 1 by December 2025.
These satellites will enter a 510km low Earth orbit to test LEO-PNT (Low Earth Orbit Positioning, Navigation, and Timing), a new method for delivering location and timing services.ESA aims to evaluate how satellites in low Earth orbit can complement the existing Galileo and EGNOS systems in medium and geostationary orbits.
Rocket Lab previously supported European clients, including a whole IoT constellation for Kinéis and a wildfire detection satellite for OroraTech. Its Electron vehicle began flying European missions in 2021.
In a separate update, the company announced a rapid turnaround in its Electron launch schedule. It is preparing to launch its next mission for geospatial analytics firm HawkEye 360 in just two days from Launch Complex 1 in New Zealand.
Scheduled for no earlier than Thursday, June 26 UTC, the mission, titled 'Get The Hawk Outta Here', will fly ahead of a previously planned launch that was delayed for additional system checks. This swift pivot demonstrates Rocket Lab's agility in maintaining a demanding, back-to-back launch cadence.
The mission will carry four satellites for HawkEye 360, including three microsats under Cluster 12 to geolocate global radio frequency signals, and Kestrel-0A, an experimental satellite to test future RF capabilities.
As the third of four planned Electron launches from Launch Complex 1 this month, the mission highlights Rocket Lab's operational flexibility and commitment to serving diverse small satellite missions.
Rocket Lab stock surged 606% in the last 12 months. The company just added two new missions to its 2025 Electron launch manifest.
Rocket Lab has now secured a demand for over 20 launches in 2025. With a flawless mission success rate so far this year, CEO Peter Beck is betting big on scaling launch cadence.
Multiple analysts lifted price targets on Rocket Lab following the company's acquisition of high-performance optical systems producer Geost.
Rocket Lab said the acquisition positioned the company as a provider of end-to-end national security space solutions and strengthened its position for achieving the U.S. Department of Defense's goals for resilient, proliferated space architectures, like the proposed Golden Dome architecture.
Price Action: RKLB shares are trading lower by 1.46% to $32.97 premarket at last check Wednesday.
Photo by Emagnetic via Shutterstock
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This article Europe's Navigation Future Takes Flight With Rocket Lab Electron originally appeared on Benzinga.com
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