Rocket Lab has secured its largest contract to date: $816 million!

Rocket Lab has secured its largest contract to date, winning an $816 million deal to build a new generation of missile-tracking satellites.

Rocket Lab will design and manufacture 18 satellites for the U.S. Space Development Agency's Tracking Layer Tranche 3 program, which is part of the U.S. military's proliferated warfighter space architecture.

Rocket Lab founder and CEO Sir Peter Beck said the satellites will help detect and track advanced missile threats, including hypersonic weapons.

"Rocket Lab is honored to contribute to this effort."

The contract includes a base award of $806 million, with an additional $10.45 million available through options.