Category: Aerospace and Defense

Release – Kratos Expands Oklahoma City Manufacturing Facility to Accelerate Production of Valkyrie, Firejet and Other Jet Drone Systems

Posted on by [email protected]
Primary Logo

Research News and Market Data on KTOS

July 6, 2026

PDF Version

106,000 Square Foot Facility Expansion Reflects Increased Demand for Kratos Jet Drones and Kratos’ Continued Investment in Strengthening the United States Defense Industrial Base Through Scalable, Efficient Manufacturing Capacity Capable of Producing Affordable, Mission-Ready Systems at Quantity and at Speed

SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced a major expansion of its Oklahoma City manufacturing campus with the addition of over 100,000 square feet of manufacturing and production space. The expansion supports increasing customer demand for the company’s family of high-performance, affordable jet-powered drone systems, including the Valkyrie collaborative combat aircraft, the Firejet/Mighty Hornet IV and others.

The facility expansion represents Kratos’ continued investment in strengthening the United States defense industrial base through scalable, efficient manufacturing capacity capable of producing affordable, mission-ready systems at quantity and at speed. Today, Kratos produces approximately 165 high-performance jet drones annually, and this expansion will enable the company to further increase production to meet growing demand from the U.S. Department of War and allied customers.

“The future fight demands the ability to rapidly produce affordable, high-performance systems at scale,” said Steve Fendley, President of Kratos Unmanned Systems Division. “This expansion in Oklahoma City reflects our long-term commitment to investing ahead of customer demand and building the industrial capacity needed to support the Department of War’s modernization priorities. As autonomous systems become increasingly central to the future force, manufacturing readiness and producing at scale will be just as important as technology readiness, maybe more.”

The expanded facility will provide additional manufacturing, assembly, integration and test capacity for multiple Kratos tactical jet aircraft programs.

Production will support Valkyrie, the affordable, runway-flexible collaborative combat aircraft selected by the U.S. Marine Corps as the foundation of its Collaborative Combat Aircraft (CCA) program of record. Designed to operate solo, in swarms, or alongside crewed aircraft while providing additional mass, reach and mission capability, Valkyrie represents a new generation of affordable autonomous airpower. The expanded facility will also manufacture the Mighty Hornet IV, which is expected to serve as a key tactical capability supporting Taiwan’s defense requirements, reflecting growing international demand for affordable, high-performance unmanned systems.

The expanded facility will also support increased production capacity for Kratos’ family of high-performance aerial target systems, including the Firejet. Kratos’ Firejet system supports realistic operational test, evaluation and weapons training across the U.S. military and allied nations, with demand for advanced target capabilities continuing to grow, including for the test and training of missile, radar, air defense, C-UAS and directed energy weapon systems, and their crews.

Kratos has consistently invested in manufacturing infrastructure, production technologies, and workforce development to ensure the company can deliver affordable systems at the pace and scale required by evolving national security needs. The Oklahoma City expansion is the latest in a series of investments focused on expanding domestic production capacity and strengthening the resilience of the U.S. defense industrial base.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Kratos Investor Information:
877-934-4687
[email protected]

Primary Logo

Ondas Just Made an $876 Million Bet on Autonomous Defense

Posted on by [email protected]

Ondas Inc. (NASDAQ: ONDS) went from a small-cap autonomous systems name to a serious player in the defense technology conversation this morning. The company announced it has closed on the acquisition of DZYNE Technologies for $875.8 million, a deal that reshapes the company’s revenue base, its product portfolio, and arguably its entire investment thesis.

The transaction was funded through a mix of cash and stock. DZYNE shareholders received $200 million in cash and roughly 85 million Ondas shares valued at approximately $675 million. That leaves the DZYNE group, led by private equity firm Highlander Partners, holding about 13.8% of Ondas’ outstanding shares. More than half of the equity consideration, 45 million shares, is subject to a six-month lock-up. That is a meaningful signal about how the sellers view the combined company.

What Ondas Just Bought

DZYNE is a U.S. defense technology company known for long-endurance autonomous aircraft, counter-drone systems, and what the industry now calls “autonomous effects.” Translated, that means expendable, low-cost unmanned platforms designed to be deployed at scale rather than treated as high-value single assets. The Pentagon has been pushing this “affordable mass” concept aggressively, and DZYNE sits directly in the middle of it.

The DZYNE portfolio brings three distinct franchises to Ondas. ULTRA is a long-endurance ISR aircraft with tens of thousands of operational flight hours already logged. IonStrike is a kinetic counter-drone interceptor purpose-built to defeat Shahed-136 class attack drones, the kind that have become a defining threat in modern conflict. Blitz is a Group 1 UAS with 150 kilometers of range and swarm capabilities. Grasshopper is an autonomous cargo glider that delivers up to 500 pounds into contested environments. Add Dronebuster, one of the most widely fielded handheld counter-drone systems in the world, and Ondas now owns a portfolio that has absorbed more than $500 million in cumulative R&D.

The Financial Case

This is where the story gets interesting for small-cap investors. DZYNE is expected to generate $191 million in revenue for 2026 and more than $300 million in 2027. The company is already EBITDA positive with margins targeted in the mid-teens for 2027 and the mid-20% range by 2028.

Ondas raised its 2026 revenue target to at least $525 million, up meaningfully from the prior target of at least $390 million. That figure includes DZYNE and the Omnisys acquisition that closed in May, but does not yet include Cyberhawk, which is expected to close in the third quarter. The company is guiding to a greater than 80% revenue CAGR from 2025 through 2028.

Ondas Sentinel

To manage the expanding U.S. defense portfolio, Ondas is forming a new operating division called Ondas Sentinel. It will house DZYNE alongside World View, the stratospheric platform business Ondas already owned. Ryan Hartman, currently CEO of World View, will run Ondas Sentinel as CEO. Matt McCue, co-founder and CEO of DZYNE, becomes CTO. The structure gives Ondas an integrated ISR stack that spans stratospheric sensing, long-endurance theater ISR, and tactical-edge autonomous operations, all connected through SkyWeaver, a mission software layer being built on Palantir Foundry and AIP.

The Bottom Line

Small-cap defense has been one of the most active corners of the market this year, and Ondas just planted a flag. The company is now positioned as a serious platform play in autonomous defense, with real revenue, positive EBITDA contribution, and a product suite aligned to the exact priorities the Department of War is funding. Execution risk on integration is real, and the share issuance is meaningful dilution. But the pro forma company Ondas described this morning looks very different from the one investors owned last week.

Take a moment and take a look at other small cap defense companies like Kratos Defense & Security Solutions and V2X.

Release – Kratos Receives Approximate $36 Million Air Defense System Single Award Contract

Posted on by [email protected]
Primary Logo

July 2, 2026

PDF Version

SAN DIEGO, July 02, 2026 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced that it has recently received an approximate $36 million sole-source contract award for a new air defense missile system. Kratos is a recognized industry leader in the rapid engineering, development and production at scale of affordable military-grade hardware, products and systems, including for hypersonic, missile, radar, air defense, directed energy, high-powered microwave, counter unmanned aerial system (C-UAS), chemical, biological, radiological, and nuclear (CBRN), unmanned aerial drone, strategic, and other systems. 

Tom Mills, President of Kratos’ C5ISR Division, said, “Building military-grade hardware on schedule and on budget, hardware that must work every time, is hard, and is also a clear differentiating capability of Kratos. The entire C5ISR team is proud to have been selected for this critical national security program.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos’ air defense related hardware, products, and systems business, both in the United States and internationally, is currently seeing increased demand from numerous customers for multiple systems, platforms and technologies. Over the past several years, Kratos has made significant investments in property, plant, equipment and facilities, which we are continuing as we are laser focused on supporting the United States Department of War and the rebuild and recapitalization of our nation’s defense industrial base.”

Work under this contract award will be performed at a secure Kratos manufacturing facility. Due to security related, competitive and other considerations, no additional information related to this program will be provided.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Kratos Investor Information:
877-934-4687
[email protected]

Release – DLH Announces Leadership Transition

Posted on by [email protected]
logo

Research News and Market Data on DLHC

June 30, 2026

PDF Version

Zach Parker to Retire; Kathryn JohnBull Appointed CEO; Steve Oroho Appointed CFO

ATLANTA, June 30, 2026 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development solutions to federal agencies, today announced the following leadership changes:

  • Zach Parker will retire from the role of Chief Executive Officer
  • The Board has appointed Kathryn JohnBull as CEO
  • The Board has appointed Steve Oroho as Chief Financial Officer

Zach Parker

Zach Parker will retire as DLH’s Chief Executive Officer and President effective at the close of business on June 30, 2026. To support a smooth leadership transition, Mr. Parker will remain with the Company as an advisor to the Board and incoming CEO through the end of the current fiscal year. He will continue to serve as a member of the Board and beginning in fiscal 2027 will serve as a consultant to the Company in support of certain strategic growth pursuits.

“Sixteen years ago, Zach Parker became the CEO of a $35 million revenue company that was insignificant to the Government Services industry,” said Chairman of the Board Rick Wasserman. “He built a team, and together, they built that organization into the DLH of today. His accomplishments have been exemplary in shaping the Company’s success and creating significant value for our shareholders and career opportunities for our employees. We are grateful for his leadership and pleased that the Company will continue to benefit from his deep industry knowledge, strategic perspective, and longstanding relationships through his continued service on the Board. We are also appreciative that the team he built is uniquely qualified and well positioned to lead us into the future. We wish Zach a long and enjoyable retirement and much happiness in the future.”

“I am proud of what our team has accomplished and excited about DLH’s future,” said Mr. Parker. “After 16 years as CEO, I believe this planned transition represents the right next step for the Company and for me personally. Kathryn has been a close partner, and I have great confidence in her ability to lead the Company through its next chapter. I look forward to supporting Kathryn, the leadership team, and the Board as we continue working to create sustainable long-term value for our shareholders.”

Kathryn JohnBull

Kathryn JohnBull has been appointed as DLH’s Chief Executive Officer and President upon Mr. Parker’s retirement. Ms. JohnBull brings deep public-company leadership experience, financial discipline, and a thorough understanding of the government services market to her new role. She joined DLH as Chief Financial Officer in 2012, and has been central to the Company’s growth, acquisition strategy, capital markets activities, financial operations, and investor engagement.

“Kathryn is exceptionally well prepared to lead DLH at this important moment in the Company’s evolution,” Mr. Wasserman continued. “During her 14 years with us, she has demonstrated a strong combination of leadership skills, financial acumen, operating discipline, customer understanding, and public-company experience. This promotion is well earned, and the Board is confident that Kathryn and her leadership team are well positioned to advance the Company’s strategy and compete for new business opportunities, which create value for our shareholders.”

“I am honored to lead DLH as we enter the next stage of our corporate journey,” said Ms. JohnBull. “Our company has been built by talented people, highly valued customer relationships, and an unwavering commitment to supporting critical government missions. As we look ahead, our focus will be clear: executing with discipline and excellence, delivering exceptional value for our customers, and investing in and empowering our employees. By embracing innovation and strengthening the capabilities that differentiate DLH, we will continue building a company where our employees will grow, our customers will be well served, and our business will thrive.”

Steve Oroho

Steve Oroho has been appointed as DLH’s Chief Financial Officer and Treasurer upon Ms. JohnBull’s appointment as CEO. Mr. Oroho joined DLH in 2018 and has served as Senior Vice President, Finance & Accounting. In that role, he has played an important part in the Company’s financial reporting, strategic planning, accounting, treasury, and business operations support. As Chief Financial Officer, Mr. Oroho will lead DLH’s finance organization, including accounting, financial planning and analysis, treasury, tax, investor relations, and related financial operations.

“Steve has been an important member of DLH’s finance leadership team and brings deep knowledge of the Company’s operations, financial systems, and strategic priorities,” said Ms. JohnBull. “His experience, judgment, and commitment to disciplined execution will serve DLH well as we continue to advance our strategic and financial objectives.”

“I am grateful for the opportunity to serve as DLH’s Chief Financial Officer,” said Mr. Oroho. “I look forward to continuing to work closely with Kathryn, the Board, and our leadership team to support our customers, strengthen our operating performance, and create sustainable value for our shareholders.”

About DLH:

DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by federal customers, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With a world-class workforce dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to innovative solutions to improve the lives of millions. For more information, visit www.DLHcorp.com. 

Contact Information:

Investor Relations
Chris Witty
(646) 438-9385
[email protected]

Media
[email protected]

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward-looking statements that involve risks and uncertainties which could cause actual events or DLH’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding the anticipated use of proceeds. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements due to a variety of factors, including: the failure to achieve the anticipated benefits of any future acquisition (including anticipated future financial operating performance and results); the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities; legal, regulatory, and political changes from the federal government that could result in economic uncertainty; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as well as interim quarterly filings thereafter. The forward-looking statements contained herein are not historical facts, but rather based on current expectations, estimates, assumptions and projections about our industry and business.

Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements.

V2X (VVX) – A Major Recompete Win

Posted on by [email protected]


Monday, June 29, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Award. In its daily contract awards, on Friday, the Department of War announced it has awarded V2X subsidiary Vertex Aerospace a $500 million maximum firm-fixed-price, indefinite-delivery/indefinite-quantity contract for contractor logistic support services for the Air Force C-12 aircraft fleet. This is another in a long line of significant awards won by V2X, either new or re-competes, and highlights the Company’s diverse capabilities, in our view.

Details.  This contract provides time-sensitive movement of personnel, cargo, and medical evacuation, as well as test support for Air Force Materiel Command, Defense Intelligence Agency, Defense Security Cooperation Agency, and Pacific Air Forces. The contract is expected to be completed by June 30, 2031. The contract involves Foreign Military Sales. This contract was a competitive acquisition, and three offers were received.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

T3 Defense (DFNS) – Operating at the Critical Chokepoints of the Defense Industrial Base

Posted on by [email protected]


Monday, June 29, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiation. We are initiating research coverage of T3 Defense Inc. (NASDAQ: DFNS) with an Outperform rating and a $0.80 price target. T3 Defense is a global aerospace & defense holding company focused on acquiring and operating mission-critical defense businesses embedded at critical chokepoints of long-cycle national security programs. Through disciplined M&A, centralized capital and strategy, and decentralized operating autonomy, T3 Defense seeks to build the asymmetric edge by strengthening critical defense capabilities and compound long-term value.

Focus. The strategy targets Tier 2 and Tier 3 suppliers that form the industrial backbone of national security infrastructure, with particular emphasis on companies offering dual-use technologies, advanced AI applications, and critical manufacturing capabilities. Management is targeting high-growth areas in the defense industry, which is undergoing a strategic recapitalization driven by ongoing conflicts and rapid technological change.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – DLH Contract Award Opens New Growth Channels with U.S Navy

Posted on by [email protected]
logo

Research News and Market Data on DLHC

June 25, 2026

PDF Version

ATLANTA, June 25, 2026 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development, today announced that it has been awarded a multiple-award indefinite delivery/indefinite quantity (“MAC ID/IQ”) contract to provide a full range of logistics information technology services for U.S. Navy integrated platforms and DevSecOps pipelines. The Logistics IT Integration and Support (LIIS) Capability Modernization Deployment, and Support MAC is administered by Naval Air Systems Command (“NAVAIR”).

Through task orders to be competed under this contract, DLH will have the opportunity to implement agile development processes and adaptable architecture to enable continuous systems modernization, integration, sustainment, and migration, all in the aim of accelerating speed to fleet of Navy logistics capabilities. Services may include design, development, testing and evaluation, training, service desk request fulfillment, deployment, hardware and software configuration, and other related tasks.

DLH is one of multiple prime awardees on the contract, which includes a base period of five years. The contract has a ceiling of $250 million for all awardees. Task orders are expected to be released under the contract, for which DLH expects to compete.

“DLH delivers innovative logistics, engineering, and integration services to safeguard the American warfighter’s ability to out-detect, out-think, and outmaneuver our adversaries,” said Billy Burnett, President of DLH’s National Security Programs Operations Center. “Through this award, DLH will implement mission-driven, interoperable, and cost-effective solutions for our customers as they confront critical system integration challenges.”

About DLH

DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by federal customers, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With a world-class workforce dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to innovative solutions to improve the lives of millions. For more information, visit www.DLHcorp.com.

Contact Information:

Investor Relations
Chris Witty
(646) 438-9385
[email protected]

Media
[email protected]

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward-looking statements that involve risks and uncertainties which could cause actual events or DLH’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding the anticipated use of proceeds. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements due to a variety of factors, including: the failure to achieve the anticipated benefits of any future acquisition (including anticipated future financial operating performance and results); the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities; legal, regulatory, and political changes from the federal government that could result in economic uncertainty; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as well as interim quarterly filings thereafter. The forward-looking statements contained herein are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and business.

Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements.

Release – Kratos Completes Cross-Country Autonomous Tractor-Trailer Deployment Supporting NASCAR Race Logistics

Posted on by [email protected]
Primary Logo

Research News and Market Data on KTOS

June 17, 2026

PDF VersionAutonomy Advances from Proven Motorsports Deployment to Long-Haul Logistics Operations

SAN DIEGOT, June 17, 2026 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security, and Global Markets, today announced the successful completion of a cross-country autonomous tractor-trailer platooning deployment transporting critical race equipment from Charlotte, North Carolina to Naval Base Coronado in support of the NASCAR Anduril 250.

Kratos completes cross-country unmanned truck platooning deployment in support of NASCAR.

Kratos completes cross-country unmanned truck platooning
deployment in support of NASCAR.

A photo accompanying this announcement is available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/d878f9bf-347c-45aa-b086-a4f2e3f51ce9

The deployment was conducted in collaboration with Champion Tire & Wheel, a leading motorsports logistics provider supporting NASCAR operations, and built on the successful 2025 auto-platooning deployment supporting the Brickyard 400 at Indianapolis Motor Speedway. The Anduril 250 cross-country deployment expanded the capability into a multi-state, long-haul logistics operation, further demonstrating Kratos’ dual-use innovation strategy of adapting proven defense autonomy for commercial deployment.

“Last year proved the concept. This year demonstrated scalable execution,” said Maynard Factor, Vice President of Business Development at Kratos. “Our autonomous follower tractor-trailer successfully completed a cross-country logistics haul, demonstrating how platooning technology can safely improve efficiency, expand freight capacity, and help address ongoing driver shortages.”

Kratos’ autonomous truck platooning system pairs a human-driven lead tractor-trailer with an autonomous follower tractor-trailer supervised by an onboard safety rider. Using synchronized steering, braking, and speed control, the follower vehicle traveled as part of a multi-state freight deployment while maintaining safety and operational oversight. A layered autonomy approach combining GPS, onboard sensors, and advanced vehicle controls enabled operation across dynamic roadway and environmental conditions.

Kratos’ NASCAR deployment demonstrated the maturity of autonomous freight movements from controlled pilot programs into revenue-generating commercial logistics operations. By enabling a single driver to support multiple vehicles, leader-follower autonomous platooning offers a practical path toward increasing freight capacity, improving operational efficiency, and expanding the use of autonomy across both commercial transportation and defense logistics applications.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Kratos Investor Information:
877-934-4687
[email protected]

Days After Its Record IPO, SpaceX Is Spending $60 Billion to Become an AI Company

Posted on by [email protected]

Four days after completing the largest IPO in history, SpaceX is already making its first major move as a public company — and it has nothing to do with rockets. SpaceX (Nasdaq: SPCX) confirmed in an SEC filing Tuesday that it will acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock transaction valued at $60 billion. The deal is expected to close in the third quarter of 2026, pending regulatory approvals, and would make Cursor a wholly owned SpaceX subsidiary.

SpaceX shares jumped more than 12% on the news, trading above $216 and poised for a third consecutive day of gains since its June 12 debut. The move pushes SpaceX’s market capitalization toward $2.5 trillion, ranking it among the most valuable publicly traded companies in the world.

The Deal Was Months in the Making

This acquisition did not come out of nowhere. In April, SpaceX announced a strategic partnership with Anysphere focused on AI for coding and knowledge work. That original agreement included a provision giving SpaceX the option to either pay $10 billion for the collaborative work the two companies had performed together, or acquire Anysphere outright for $60 billion later in the year. SpaceX has elected to pursue full ownership.

The financial logic behind that decision is reflected in Cursor’s growth. The AI coding platform, founded in 2022, has scaled at an extraordinary pace, reaching approximately $4 billion in annualized recurring revenue as of this month — up from figures that were a fraction of that just a year ago. Cursor has built a large and rapidly expanding base of software developers who use its AI agent to automate and accelerate the coding process.

Why SpaceX Wants an AI Coding Company

On the surface, a rocket and satellite company acquiring an AI coding platform appears unusual. The strategic rationale becomes clearer in the context of SpaceX’s February merger with Elon Musk’s AI venture xAI. That combination established SpaceX as an entity spanning launch, satellite connectivity, and artificial intelligence under one roof. The Cursor acquisition deepens the AI dimension significantly.

SpaceX has struggled to keep pace with AI coding leaders Anthropic and OpenAI, both of which have built dominant positions in the agentic coding space. Acquiring Cursor gives SpaceX immediate scale and a proven product in one of the fastest-growing segments of the AI market, rather than attempting to build a competing capability from scratch. Musk indicated over the weekend that SpaceX could potentially reach approximately $1 trillion in annual revenue by 2030 — a target that requires growth engines well beyond launch and satellite internet.

The Read-Through for Smaller AI Companies

For investors tracking the AI software space, the Cursor acquisition carries a specific signal. A $60 billion valuation for a company that was generating a fraction of that in revenue just a year ago reflects the premium that strategic acquirers are willing to pay for proven, rapidly scaling AI products with large user bases and strong enterprise traction.

The agentic coding segment in particular has emerged as one of the most commercially validated corners of the AI economy. Smaller companies building specialized AI development tools, code automation platforms, and enterprise AI workflow products now operate in a market where the largest and best-capitalized players are paying tens of billions to establish positions. That dynamic tends to lift valuations and acquisition interest across the entire segment.

SpaceX went public as a space company. Four days later, it is reshaping itself into an AI contender. The pace alone tells you how fast this market is moving.

SpaceX Opens at $150, Makes Elon Musk the World’s First Trillionaire, and Sends Smaller Space Stocks Reeling

Posted on by [email protected]

History was made on Wall Street Friday morning. SpaceX (Nasdaq: SPCX) began trading on the Nasdaq at $150 per share — 11% above its $135 IPO price — in the largest public market debut in history. Shares immediately surged to an intraday high of $168.40, pushing the company’s market capitalization above $2 trillion and lifting Elon Musk’s net worth to an estimated $1.3 trillion or more, making him the first person in human history to achieve trillionaire status on paper.

The milestone is as much a reflection of what SpaceX has built over 24 years as it is of the scale of investor demand that greeted the stock on its first day of public trading.

The Numbers Behind the Debut

The SpaceX IPO officially priced at $135 per share Thursday evening, raising approximately $75 billion — the largest capital raise in IPO history — and assigning the company a market capitalization of $1.77 trillion from day one. The offering was oversubscribed four times, meaning institutional investors who wanted allocations did not receive them and are now buying shares in the open market, providing additional upward price support on the first trading day.

The demand dynamic is amplified by an unusually small public float. Only approximately 4% of SpaceX shares are available for public trading, with early investors, employees, and insiders holding the remaining 96% subject to lock-up restrictions. That combination of overwhelming institutional demand against a tiny available float is the primary mechanical driver of today’s opening price action.

The IPO is also one of the largest single wealth creation events in venture capital history. Founders Fund, which invested $600 million in SpaceX and holds approximately a 3% stake, is sitting on estimated returns of more than $50 billion at the $135 IPO price. Andreessen Horowitz’s stake is valued at more than $10 billion. Sequoia’s position is worth over $20 billion. Approximately 4,400 current and former SpaceX employees are expected to become millionaires as a result of the listing, with roughly 400 reaching centimillionaire status.

The Index Inclusion Catalyst Is Days Away

One of the most consequential structural factors supporting SPCX in the near term is not investor enthusiasm — it is mandatory index buying. SpaceX successfully lobbied multiple major indexes, including the Nasdaq-100, to change their inclusion eligibility rules ahead of the IPO. Under the revised Fast Entry rule that took effect May 1, SpaceX will join those indexes in a matter of days rather than the months the prior process would have required. Once included, every ETF and passive fund benchmarked to those indexes will be required to purchase SPCX at whatever price the market sets — creating a structural buyer with no price sensitivity arriving imminently.

What Is Happening to Smaller Space Stocks Today

While SPCX trades sharply higher, virtually every small and microcap space company that had been rallying in anticipation of today’s debut is selling off hard in the same session. York Space Systems is down more than 16%. Firefly Aerospace has fallen over 16%. EchoStar is off nearly 15%. Voyager Technologies is down more than 13%. AST SpaceMobile has declined more than 12%.

The pattern is a textbook “sell the news” rotation. Investors who accumulated positions in smaller space names as proxies for SpaceX IPO excitement are now rotating directly into SPCX. Capital that had been parked in accessible small cap space vehicles while SpaceX remained private is moving into the real thing now that it is publicly available.

The Question That Matters Going Forward

The more important question for investors in smaller space companies is not what happens today. It is what happens over the next six to eighteen months as SpaceX operates as a public company with $75 billion in fresh capital and a publicly traded stock as acquisition currency. The company’s vertical integration across launch, satellite connectivity, AI, and lunar operations means it competes with or could potentially acquire virtually every other company in the space technology sector.

For some smaller names, a well-capitalized public SpaceX validates and accelerates the sector’s commercial development. For others, it is a better-funded competitor now operating with full public transparency. The index buying wave arriving in the coming days will be the next major price catalyst to watch — both for SPCX and for the smaller companies trading in its orbit.

Elon Musk gave SpaceX less than a 10% chance of success when he founded it in 2002. On Friday June 12, 2026, the market assigned it a $2 trillion valuation. The 24-year wait is over.

Release – Kratos Expands Production of Spartan Engines to Support Growing Missile and Loitering Munition Demand

Posted on by [email protected]
Primary Logo

Research News and Market Data on KTOS

June 9, 2026

PDF Version

U.S.-Designed, U.S.-Manufactured Propulsion Systems Deliver Industry-Leading Performance at Affordable Cost

SAN DIEGO, June 09, 2026 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology, products, system and software company in defense, national security, and global markets, today announced plans to significantly increase production capacity for its Spartan line of turbojet engines to support growing demand across missile and loitering munition programs.

The Spartan line of engines delivers military-grade performance while maintaining the affordability and production scalability required to support today’s evolving national security environment. Designed to provide exceptional thrust, reliability, and operational capability at commercial prices, Spartan engines are currently supporting multiple customers and platforms across the defense sector.

Spartan Engines

Spartan Engines

A photo accompanying this announcement is available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/65e6f9d6-345d-4b77-a701-51511f942d7a

To meet increasing demand, Kratos is expanding production to produce 3,000 engines next year. To accelerate delivery timelines and support customer requirements, the company has already initiated internally funded long-lead material procurement and strategic supply chain investments, ensuring production readiness and minimizing future lead times.

“As the Department of War focuses on rebuilding critical missile inventories and increasing affordable precision-strike capacity, the need for scalable, high-performance but low-cost propulsion systems has never been greater,” said Steve Fendley, President of Kratos Unmanned Systems Division. “Kratos is investing today to ensure our customers have access to affordable, reliable, American-made propulsion systems that can be delivered at the speed and scale required by the modern threat environment.”

The Spartan family of engines is designed, manufactured, and supported entirely in the United States, utilizing a domestic supply chain that strengthens the U.S. defense industrial base while reducing reliance on foreign sources for critical propulsion technologies.

Kratos’ investments directly support Department of War priorities to replenish missile inventories, expand production capacity for precision-strike weapons, and deliver affordable mass across the Joint Force. The company’s proactive investments in manufacturing capacity and supply chain readiness position Kratos to rapidly support emerging requirements while helping strengthen America’s long-term defense production capabilities.

With growing demand across missile, loitering munition, and autonomous system programs, Kratos’ expanding Spartan engine production capability reinforces the company’s commitment to delivering affordable, mission-ready propulsion solutions that support U.S. and allied national security objectives.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Investor Information:
877-934-4687
[email protected]

Release – DLH Announces Filing of New Shelf Registration Statement

Posted on by [email protected]
logo

Research News and Market Data on DLHC

June 4, 2026

PDF Version

ATLANTA, June 04, 2026 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital transformation and cybersecurity, systems engineering and integration, and science research and development, today announced that it has filed a new shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (“SEC”) to replace its expiring shelf registration statement. The registration statement was filed on June 4, 2026, and will become effective upon successful review by the SEC.

If and when it is declared effective, the registration statement will allow DLH to offer and sell, from time to time, up to $100 million of its equity securities; however, there are no current plans to do so. The Company has not issued any securities under the expiring registration statement. DLH filed the shelf registration statement to provide efficient access to equity markets if circumstances arise that would make the sale of securities advantageous to the Company.

These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Following the effectiveness of the shelf registration statement, DLH may periodically offer one or more of the registered securities in amounts, at prices, and subject to terms to be announced when, and if, the securities are offered. The terms of any securities offered under the registration statement, and the intended use of the net proceeds resulting therefrom, will be established at the times of the offerings and will be described in prospectus supplements filed with the SEC at the times of the offerings.

This press release is not an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer of securities covered by the registration statement may be made solely by means of the prospectus included in the registration statement and a related prospectus supplement containing specific information about the terms of any such offering.

About DLH

DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by federal customers, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With a world-class workforce dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to innovative solutions to improve the lives of millions. For more information, visit www.DLHcorp.com.

Contact Information:

Investor Relations
Chris Witty
(646) 438-9385
[email protected]

Media
[email protected]

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward-looking statements that involve risks and uncertainties which could cause actual events or DLH’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding the anticipated use of proceeds. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements due to a variety of factors, including: the failure to achieve the anticipated benefits of any future acquisition (including anticipated future financial operating performance and results); the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities; legal, regulatory, and political changes from the federal government that could result in economic uncertainty; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as well as interim quarterly filings thereafter. The forward-looking statements contained herein are not historical facts, but rather based on current expectations, estimates, assumptions and projections about our industry and business.

Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements.

V2X (VVX) – Lowering Cost of Capital; More Flexibility

Posted on by [email protected]


Thursday, June 04, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Term Loan Repricing. V2X successfully repriced its approximately $869 million First Lien Term Loan. The repricing improves the applicable interest rate to SOFR plus an applicable margin of 2.0%, with an additional 25 basis-point reduction upon achieving specific corporate credit ratings of Ba3 (stable outlook) from Moody’s and BB (stable outlook) from S&P. The repricing also reduced the SOFR floor from 0.75% to 0.00%.

Implications. The transaction immediately lowers the Company’s borrowing costs and positions V2X to realize interest savings as the Company’s financial profile continues to strengthen. While the actual amount of interest savings will depend on SOFR rates, the transaction enhances the Company’s cost of capital and increases value for shareholders, in our view. With the closing, V2X has now successfully repriced its First Lien Term Loan four times since October 2023, highlighting the ongoing improvement in the Company’s financial profile, as well as the increased opportunity set, in our opinion.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.