5 Aerospace and Defense Stocks with the Largest 5Y Share Price Returns

2. Rocket Lab Corporation (NASDAQ:RKLB)

5Y Price Change: 799%

Number of Hedge Fund Holders: 43

Rocket Lab Corporation (NASDAQ:RKLB) is among the 8 Aerospace and Defense Stocks with the Largest 5Y Share Price Returns, having surged nearly 800% during the period, as of the close on June 29.

On June 25, the company announced that it had been selected by NASA to launch Sun and Earth Sciences missions. Under the agreement, it will provide three Electron launches for the Polarized Submillimeter Ice-cloud Radiometer (PolSIR) and Total and Spectral Solar Irradiance Sensor-2 (TSIS-2) missions.

Both launches will be performed under NASA’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) contract from Launch Complex 1 in New Zealand. According to the press release, there will be two launches for the PolSIR mission in June 2027 or later, while a separate launch for the TSIS-2 mission is planned for early next year.

In other news, Rocket Lab Corporation (NASDAQ:RKLB) continues to remain on analysts’ radar and currently sports a Strong Buy rating with an average share price upside potential of 11% as of the close on June 29.

Recent updates include KeyBanc, which upgraded the stock to Overweight from Sector Weight on June 15 with a price target of $135. The firm cited the company’s position in the commercial space launch market as the reason behind the adjustment.

Rocket Lab Corporation (NASDAQ:RKLB) is a global leader in launch services and space systems with an established record of delivery success. The company designs and manufactures spacecraft and related components, rockets, and on-orbit management solutions required for the space economy.