RTTNews | Sep 7, 2021 10:53AM EDT

10:53 Tuesday, September 7, 2021 (RTTNews.com) - Shares of aerospace company Rocket Lab USA, Inc. (RKLB) are trading up 14 percent on Tuesday, ahead of the declaration of its second-quarter results on Wednesday, September 8.

The company's stock has been on an upward trajectory since the last few days when it announced the ongoing construction of a new production facility, which is capable of supplying up to 2,000 reaction wheels per year to meet the growing demand from satellite constellation customers.

Currently at $15.20, the stock has traded between $9.50 and $15.90 during the past 52 weeks.

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