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Backlog expansion and a track record of 100% mission success for QPS-SAR deployments reduce execution risk and improve near-term revenue visibility; multiple future launches imply recurring revenue and potential multiple expansion catalysts if backlog remains intact.
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Rocket Lab completed its 13th Electron mission of 2026, deploying iQPS's QPS-SAR-13 satellite for near-real-time imagery across 12 orbits. With eight QPS-SAR deployments achieving 100% success and iQPS booking 10 additional Electron launches through 2030, RKLB's backlog and reliability bolster revenue visibility. A follow-on launch, 'The Lightning God Defends', is slated later this month from LC-1.
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