05:18 AM EDT, 04/09/2024 (MT Newswires) -- Rocket Lab USA ( RKLB ) said late Monday it received a $14.5 million task order from the US Space Force to launch an electron mission from Launch Complex 2.

The company said the electron launch will likely take place within 24 months.

Rocket Lab is also working with the US Space Force to develop a new medium-lift vehicle through a $24.4 million contract with the Space Systems Command to support the vehicle's upper-stage development.

Shares of the company rose nearly 2% in premarket activity Tuesday.

Price: 3.84, Change: +0.07, Percent Change: +1.85