Rocket Lab Corp.

(NASDAQ:RKLB) stock rose in Wednesday's premarket session after the company said it secured a $397 million contract from the U.S.

Space Force to build, launch and operate satellites for its Space-Based Airborne Moving Target Indicator (SB-AMTI) program.

U.S.

Space Force Awards Major Contract Under the agreement, Rocket Lab will develop, launch and operate multiple Flatellites.