Rocket Lab USA Inc.

10/08/2024 | Press release | Distributed by Public on 10/07/2024 21:34

Rocket Lab Awarded NASA Study Contract to Explore Bringing Rock Samples from Mars to Earth for the First Time

The study proposes using Rocket Lab's vertically integrated technologies to retrieve samples from the Red Planet for the first time in history as part of NASA's Mars Sample Return Program.

Long Beach, California. October 7, 2024. - Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced the Company has been selected by NASA to complete a study for retrieving rock samples from the Martian surface and bringing them to Earth for the first time. The mission would fulfill some of the highest priority solar system exploration goals for the science community - to revolutionize humanity's understanding of Mars, potentially answer whether life ever existed on the Martian surface, and help prepare for the first human explorers to the Red Planet.

NASA's Rapid Mission Design Studies for Mars Sample Return solicits industry proposals to carry out rapid studies of mission designs and mission elements capable of delivering samples collected by the Mars Perseverance rover from the surface of Mars to Earth. The results of this study will inform a potential update to NASA's Mars Sample Return Program and may result in future procurements with industry. Rocket Lab's study will explore a simplified, end-to-end mission concept that would be delivered for a fraction of the current projected program cost and completed several years earlier than the current expected sample return date in 2040.

"Retrieving samples from Mars is one of the most ambitious and scientifically important endeavors humanity has ever embarked upon. We've developed an innovative mission concept to make it happen affordably and on an accelerated schedule," said Rocket Lab founder and CEO, Sir Peter Beck. "Rocket Lab has been methodically implementing a strategy for cost-effective planetary science in recent years, making us uniquely suited to deliver a low cost, rapid Mars Sample Return. We've demonstrated this strategy by delivering a NASA mission to the Moon, enabling rendezvous and proximity operations in orbit, successfully re-entering a capsule from orbit to Earth, delivering two spacecraft to NASA for a Mars mission, and much more. We look forward to bringing our proven capabilities together to deliver a compelling, innovative mission solution that puts Mars rocks in the hands of scientists sooner."

Rocket Lab's proposed mission architecture will be revealed once the study is complete in the coming months.

+ Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at www.rocketlabusa.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

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