Rocket Lab Prepares Back-To-Back Launches For Climate Change Research Mission For NASA

NASA's PREFIRE mission requires two satellites to be deployed to precise orbits one after the other, demonstrating Electron's highly responsive launch capability.

Rocket Lab USA, Inc. (NASDAQ:RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced it is preparing two back-to-back Electron launches to deploy NASA's PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) mission.

The two dedicated missions will each deploy one satellite to a 525km circular orbit from Rocket Lab Launch Complex 1 in Mahia, New Zealand. The first mission – named ‘Ready, Aim, PREFIRE' – is scheduled to launch no earlier than May 22, 2024. The launch date of the second mission – named ‘PREFIRE And Ice' – will be scheduled to take place within three weeks of the successful deployment of the first PREFIRE mission. The missions will be Rocket Lab's 48^th and 49^th Electron launches overall and its sixth and seventh launches of 2024.

NASA's PREFIRE mission is a climate change-focused mission that will systematically measure the heat, in the form of infrared and far-infrared wavelengths, lost from Earth's polar regions for the first time. Extreme storms, flooding, and coastal erosion are examples of weather outcomes that are influenced by climate conditions in the Arctic and Antarctica. Once deployed to their separate orbits, the two PREFIRE satellites will criss-cross over the Arctic and Antarctica measuring thermal infrared radiation – the same type of energy emitted from a heat lamp – that will make climate models more accurate and help predict changes caused by global warming. PREFIRE consists of two 6U CubeSats with a baseline mission length of 10 months.

"Helping climate scientists better understand climate change means they need precisely located measurements of Earth's polar heat loss, which NASA's PREFIRE mission is setting out to achieve, and helping the PREFIRE mission achieve its science objectives means its satellites need precise and accurate deployments to their locations in space," says Rocket Lab Founder and CEO, Peter Beck. "It's these types of missions where Electron really thrives as the leading launch provider for dedicated small satellite missions. We have an excellent track record of delivering NASA's payloads to exactly where they need to go and when they need to, and we're looking forward to adding to that tally further with these next back-to-back launches."

PREFIRE is the latest to join Rocket Lab's list of NASA science and technology missions launched on Electron in recent years. These include the CAPSTONE mission to the Moon launched by Electron and deployed by a Rocket Lab Explorer spacecraft bus; two back-to-back Electron launches for the TROPICS mission in May 2023; the recent NASA Starling mission launched on Electron; and NASA's ACS3 mission launched last month on a rideshare mission.

‘Ready, Aim, PREFIRE' launch details:

• Launch date: no-earlier-than May 22, 2024.
• Customer: NASA.
• Satellite: PREFIRE-1.
• Target orbit: 525km circular Earth orbit.
• Launch broadcast: The launch will broadcast live at www.rocketlabusa.com/live-stream

+ About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier, and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle, the Photon satellite platform, and the Company is developing the large Neutron launch vehicle for constellation deployment. Since its first orbital launch in January 2018, Rocket Lab's Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 180+ satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab's Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a third launch pad in Virginia. To learn more, visit www.rocketlabusa.com.

+ 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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