LONG BEACH, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (NASDAQ:RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced it has been awarded funding by the Canadian Space Agency (CSA) to develop a new medium-class reaction wheel, with targeted minimum angular momentum capacity of 25 Nms, designed to support 500kg, 1,000kg satellites with larger payloads operating in low Earth orbit and beyond.

Awarded through the CSA's Space Technology Development Program to Rocket Lab's Canadian subsidiary, the contract aims to accelerate the development of Canadian-designed and built space technologies and strengthen the domestic commercial supply chain. Rocket Lab was one of only 18 companies selected as a part of a broader $14.2 million CAD investment in Canadian space innovation. Rocket Lab will receive $999,951 CAD toward the development of the new reaction wheel which will be developed and qualified at Rocket Lab's Toronto facility, which has been a cornerstone of Canada's satellite hardware ecosystem for more than two decades.

President of Rocket Lab USA, Brad Clevenger said: "The space industry is rapidly evolving and so is the demand for reliable, flight-proven components for satellites of all sizes. We're proud to support the CSA's initiative by delivering a Canadian-designed, Canadian-built, cost-effective reaction wheel that builds on more than 20 years of flight heritage. Designed and manufactured in Toronto, this new product will expand our portfolio with a high-performance solution tailored for next-generation applications."

Rocket Lab currently offers ...