Why These Defense Stocks Are Gaining This Week

7. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Weekly Gains: 11.57%

Rocket Lab USA, Inc. (NASDAQ:RKLB) is an end-to-end space company delivering reliable launch services, spacecraft components, spacecraft design services, and related software to support the space economy. It is also working on several defense contracts.

On March 11, the company made a major move to expand its role in the space industry by announcing its intention to acquire Mynaric, a German firm that specializes in laser optical communications terminals. The transaction is expected to further strengthen Rocket Lab USA, Inc. (NASDAQ:RKLB)’s position in national security contracts.

Last week, Rocket Lab USA, Inc. (NASDAQ:RKLB) also successfully launched the 61st Electron Mission, which was the second launch for its Japanese customer, iQPS. The company also announced the successful orbit deployment of its third Pioneer spacecraft for Varda Space Industries, Inc.