Why Rocket Lab Skyrocketed 21.9% Higher in April

April showers may have generally doused the spirits of investors, as the S 500 (SNPINDEX: ^GSPC)
nudged about 0.7% lower last month, but not all stocks suffered. Launch services provider Rocket Lab USA (NASDAQ: RKLB), for example, blasted 21.9% higher, according to data provided by S&P Global Market Intelligence.

Besides both the United States Department of Defense and the U.S. Air Force selecting Rocket Lab for participation in two noteworthy programs, the United Kingdom's Ministry of Defense awarded Rocket Lab a contract that motivated investors to bid Rocket Lab stock higher.

Image source: Getty Images.

Source Fool.com