Rocket Lab (RKLB) stock rallied in early trading on Monday after the Nasdaq-listed firm secured its largest launch contract to date. In a press release this morning, RKLB said it has signed a landmark $266 million agreement with the U.S. Space Force for missile defense testing.
The announcement arrives at a time when Rocket Lab stock is struggling to regain momentum. In the trailing two months, the company has lost more than 55%.