Rocket Lab USA Inc ( RKLB ) shares are bouncing around Wednesday. The company announced a new multi-launch contract for Electron missions.

What Happened: Rocket Lab signed a multi-launch deal with Earth imaging company Institute for Q-shu Pioneers of Space (IQPS). The agreement includes three dedicated missions for launch in 2025 and one launch scheduled for 2026.

Each mission will carry a satellite for the company’s planned constellation of 36 synthetic aperture radar (SAR) satellites, which are capable of collecting data through clouds and at night with high resolution. All IQPS satellites will use a Rocket Lab Motorized Lightband as its separation system for deployment to space.

“A constellation’s success relies on spacecraft being deployed to precise orbits on tailored timelines to maximize the data collection or service provision the customer needs for their end users. This is the unique and reliable service that dedicated launch on Electron delivers,” said Peter Beck, founder and CEO of Rocket Lab.

Rocket Lab launched 16 missions in 2024, up from 10 missions launched in 2023. The company's medium lift rocket Neutron is expected to make its first flight sometime in mid-2025. Rocket Lab announced last quarter that it signed a launch service agreement for multiple Neutron launches with a confidential commercial satellite constellation operator.

Rocket Lab has scheduled its fourth-quarter financial results for Feb. 27. Analysts expect the company to report a loss of 10 cents per share and revenue of $130.57 million, according to estimates from Benzinga Pro.

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RKLB Price Action: Rocket Lab shares were trading higher ahead of the open on Wednesday. The stock was down 1.12% at $28.32 at the time of publication, according to Benzinga Pro.