And then ultimately here, the incentives, the options, base amount of $489 million is what's, kind of, encapsulated within that $515 million, kind of, headline deal price here. They said that work under the agreement is going to begin, and as we mentioned, slated for 2027.
Under the contract, Rocket Lab is going to deliver its space vehicles to the customer for a launch slated in 2027 and operate satellites through 2023 here. Video TranscriptīRAD SMITH: Rocket Lab shares, they are taking off after the aerospace manufacturer entered a $515 million deal here with a US government customer to design and operate 18 space vehicles.
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The space company will "design, manufacture, deliver, and operate 18 space vehicles" as part of the deal. Shares of Rocket Lab ( RKLB) jumped in early trading on Friday after winning a US government contract that could be worth as much as $515 million.