Kratos Defense & Security Solutions (KTOS) selected Rocket Lab USA (NASDAQ:RKLB) for a team that tests hypersonic flights for the federal government. Rocket Lab (NASDAQ:RKLB) on Tuesday said the team was awarded a five-year contract with a potential value of $1.

Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced it has been selected to be a member of the team, led by Kratos Defense & Security Solutions,

The Pentagon awarded defense-technology firm Kratos a contract worth up to $1.45 billion to help increase its hypersonic flight-testing cadence. The five-year contract is part of the second phase of the Pentagon's Multi-Service Advanced Capability Hypersonic Test Bed program,