Aerospace and Defense Archives

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

Posted on June 17, 2026June 17, 2026 by [email protected]

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.

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 June 16, 2026June 16, 2026 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 June 12, 2026June 12, 2026 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 June 9, 2026June 9, 2026 by [email protected]

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

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.

Press Contact:
Claire Cantrell
[email protected]

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

Release – DLH Announces Filing of New Shelf Registration Statement

Posted on June 5, 2026June 5, 2026 by [email protected]

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 June 4, 2026June 4, 2026 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.

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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 – V2X to Generate Interest Expense Savings Through Successful Term Loan Repricing

Posted on June 3, 2026June 3, 2026 by [email protected]

June 03, 2026

RESTON, Va., June 3, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX), today announced the successful repricing of 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%.

“This transaction immediately lowers our borrowing costs and positions us to realize interest savings as our financial profile continues to strengthen,” said Shawn Mural, Senior Vice President and Chief Financial Officer of V2X. “The repricing provides a 25-basis-point reduction in our applicable margin, with the opportunity for an additional 25-basis-point reduction upon achieving and maintaining specified credit ratings. These savings are expected to drive lower interest expense, enhance our cost of capital, and increase value for shareholders.”

With the closing on Friday May 29, 2026, V2X has now successfully repriced its First Lien Term Loan four times since October 2023.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Corporate Communications
[email protected]
571-338-5195

Release – V2X to Generate Interest Expense Savings Through Successful Term Loan Repricing

Posted on June 3, 2026June 5, 2026 by [email protected]

Research News and Market Data on VVX

June 03, 2026

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With the closing on Friday May 29, 2026, V2X has now successfully repriced its First Lien Term Loan four times since October 2023.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Corporate Communications
[email protected]
571-338-5195

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SOURCE V2X, Inc.

America’s Commercial Lunar Economy Just Got Its Most Important Infrastructure Deal Yet

Posted on June 2, 2026June 2, 2026 by [email protected]

The race to build permanent infrastructure on the Moon has a new and more serious player. Voyager Technologies (NYSE: VOYG), a Denver-based defense technology and space solutions company, announced Tuesday it has signed a definitive agreement to acquire Astrobotic Technology, the Pittsburgh-based commercial lunar logistics and robotics company, for up to approximately $300 million in a combination of cash and stock. The deal is expected to close by early July 2026, subject to customary regulatory approvals.

For a company that has been quietly assembling a full-stack lunar infrastructure portfolio, the Astrobotic acquisition is the piece that makes the entire architecture operational.

What Astrobotic Brings to the Table

Founded in 2007 as a Carnegie Mellon University spinout, Astrobotic has spent nearly two decades building the hardware, software, and operational expertise required to deliver payloads to the lunar surface reliably and repeatably. The company has secured more than $600 million in NASA and Department of Defense contracts and holds the distinction of having launched America’s first commercial lunar lander. Its core product portfolio includes the Peregrine lander for smaller payload missions, the Griffin lander for larger surface delivery operations, and LunaGrid, a solar power distribution system designed to provide sustained electricity on the lunar surface.

That last element matters as much as the landers. A permanent human presence on the Moon requires more than transportation. It requires power infrastructure that can sustain life, operations, and scientific activity across lunar day-night cycles that last approximately two Earth weeks each. LunaGrid is purpose-built for exactly that requirement.

Astrobotic’s Moon Base headquarters in Pittsburgh will become the center of Voyager’s lunar program following close, with the company’s facility in Mojave also continuing operations.

The Full Stack Voyager Is Building

The Astrobotic acquisition does not stand alone. Voyager has been executing a deliberate vertical integration strategy across the lunar infrastructure stack, and this deal slots directly into that roadmap. The combined company will now span lunar mission management, communications and propulsion, surface delivery through Peregrine and Griffin, surface power through LunaGrid, long-duration habitation through its prior strategic investment in Max Space’s expandable habitat architecture, dust mitigation through Voyager’s proprietary clear-dust repellent coating technology, and in-situ resource production.

That is a comprehensive end-to-end lunar capability assembled through targeted acquisitions rather than organic development alone. The strategic efficiency of that approach is notable for a company operating in the small cap space.

The acquisition directly supports NASA’s Artemis program and Administrator Jared Isaacman’s stated commitment to establishing a permanent American presence on the Moon by 2028. Astrobotic’s Griffin Mission One, recently designated NASA’s Moon Base II mission, is proceeding on schedule and will transition fully under Voyager at close.

Why This Deal Matters for Small Cap Space Investors

The commercial lunar economy is not a distant concept. It is a funded, contracted, timeline-driven government priority with hundreds of millions of dollars already flowing to companies like Astrobotic. What has been missing is the kind of vertically integrated commercial operator capable of managing every layer of a sustained lunar presence. Voyager is systematically becoming that operator.

With SpaceX’s June 12 IPO approaching at a targeted $1.75 trillion valuation and the broader space infrastructure sector attracting record institutional attention, consolidation among smaller space technology companies is accelerating. Voyager’s acquisition of Astrobotic is precisely the kind of strategic move that positions a small cap defense and space company for the contracts, partnerships, and government relationships that will define the commercial lunar economy over the next decade.

V2X (VVX) – Raising Price Target

Posted on June 2, 2026June 2, 2026 by [email protected]

Tuesday, June 02, 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.

Raising Price Target. With VVX share moving north of our $72 price target, we are increasing our target to $92 while maintaining our Outperform rating. At our new price target, VVX shares would trade at 0.8x our projected 2026 revenue, 11x our projected 2026 adjusted EBITDA, and 15.5x our projected 2026 adjusted EPS. These multiples are in line with VVX’s key competitors. VX shares are up approximately 52% y-t-d, versus an 11% rise for the S&P 500.

Overhang Removed. With American Industrial Partners’ May 2026 sale of approximately 2 million VVX shares, the firm is essentially out of V2X shares, completing a two-year process as AIP liquidated its 61%+ ownership stake in V2X acquired in the merger of Vectrus and Vertex, removing an ongoing overhang of stock, in our view. An entity affiliated with Vertex Aerospace did, however, continue to beneficially own 375,420 shares, or approximately 1.2%, of V2X’s outstanding common stock following the most recent share sale.

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

Stratasys Acquires MarkForged for $42.5 Million in All-Cash Deal Targeting Defense and Aerospace 3D Printing Growth

Posted on May 28, 2026May 28, 2026 by [email protected]

Stratasys Ltd. (Nasdaq: SSYS), a Minnesota and Israel-based leader in additive manufacturing solutions, announced Wednesday it has entered into a definitive agreement to acquire MarkForged, Inc. in an all-cash transaction valued at $42.5 million, subject to customary adjustments. MarkForged is currently a wholly owned subsidiary of Nano Dimension (Nasdaq: NNDM), which will retain MarkForged’s Metal Binder Jetting product line as part of the deal structure. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.

At $42.5 million for a business that generated approximately $70 million in revenue in 2025, the transaction reflects an implied revenue multiple of roughly 0.6 times trailing sales. Stratasys expects the deal to be accretive to gross margins and generate positive adjusted EBITDA contribution within the first year following close, though actual results may differ from these forward-looking projections.

What Stratasys Is Acquiring

MarkForged built its core technology around Continuous Carbon Fiber Fused Filament Fabrication, a manufacturing approach that enables production of parts that are lighter and stronger than traditional alternatives. Its integrated platform, the Digital Forge, combines 3D printing hardware, proprietary high-performance materials, and a software ecosystem that includes simulation, part management, and automated print optimization designed with security and compliance requirements in mind.

The acquisition adds a broad portfolio of high-performance polymer and metal filaments to Stratasys’ existing materials capabilities, expanding the combined company’s addressable market across aerospace, defense, automotive, and industrial production verticals. MarkForged’s partner and reseller network is also expected to generate cross-selling opportunities across both companies’ existing customer bases.

The Industry Context

The additive manufacturing sector has been undergoing consolidation as demand for production-grade 3D printing grows in defense and aerospace applications. Government agencies including the Air Force Research Laboratory, DARPA, and the Space Force have expanded procurement of components produced through additive manufacturing for tooling, fixtures, ground support equipment, and select production parts.

Supply chain resilience has emerged as a structural driver of this demand. The ability to produce certified, production-ready components digitally on demand reduces dependence on traditional global supply chains, a priority that has gained urgency across both commercial and defense manufacturing environments since 2020. Stratasys positions this acquisition as a response to that demand shift, strengthening its capabilities in sectors where performance, reliability, and manufacturing agility are operational requirements.

Key Risks to Monitor

As with any acquisition, execution risk exists. The successful integration of MarkForged’s operations, technology, and personnel into Stratasys is not guaranteed. Stratasys is itself a small cap company operating in a competitive and evolving technology sector. The additive manufacturing market continues to face headwinds including longer-than-anticipated enterprise adoption cycles, pricing pressure from emerging competitors, and macroeconomic factors that can compress capital equipment budgets at customer organizations. The projected synergies and EBITDA accretion within the first year are forward-looking estimates and may not materialize as projected.

Stratasys has indicated it will update its financial guidance following the closing of the transaction.

Release – V2X Awarded Modernization Contract for Aircraft Survivability Systems

Posted on May 18, 2026May 18, 2026 by [email protected]

Research News and Market Data on VVX

May 18, 2026

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RESTON, Va., May 18, 2026 /PRNewswire/ — V2X, Inc. (NYSE: VVX) has been awarded a contract by the U.S. Navy’s Naval Air Systems Command to support the Large Aircraft Infrared Countermeasures (LAIRCM) program, a critical system designed to protect military aircraft from infrared-guided missile threats.

“LAIRCM is a vital capability that enhances aircraft survivability in contested environments,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “We are proud to continue supporting the U.S. Navy with proven expertise in aircraft modification, modernization, and mission system integration that directly contributes to warfighter safety and mission success.”

V2X was selected based on its demonstrated experience supporting complex aviation modification programs and is not only continuing this work but expanding its scope. Under the contract, V2X will integrate LAIRCM systems on multiple United States Marine Corps KC-130J aircraft at its modernization and integration center in Crestview, FL.

“Our Crestview modernization and integration center is a strategic differentiator that strengthens our ability to deliver innovative solutions for missions of today and tomorrow, and is regarded throughout the industry as a C-130 center of excellence after conducting hundreds of C-130 modifications over the past 10 years,” said Richard “Vinny” Caputo, Senior Vice President of Aerospace Systems at V2X. “The facility features a fully instrumented 8,000-foot runway with easy access for aircraft of all sizes. It also includes multiple high-bay hangars with more than 500,000 square feet of manufacturing, production, and assembly space.”

This award further reinforces V2X’s position as a provider of aircraft modification and survivability solutions for U.S. defense customers.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195

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SOURCE V2X, Inc.

Rocket Lab Is Up 70% This Year and Just Hit an All-Time High. The SpaceX IPO Hasn’t Even Happened Yet.

Posted on May 12, 2026May 12, 2026 by [email protected]

Rocket Lab USA (Nasdaq: RKLB) extended one of the more remarkable two-day runs in the commercial space sector on Monday, adding another 14% gain on top of Friday’s 30% surge following a blowout first quarter earnings report. The back-to-back move pushed shares to a new all-time high and left the stock up 70% on the year — a return that reflects both the strength of the company’s underlying business and a wave of investor enthusiasm for the commercial space sector being driven by the looming SpaceX IPO.

The earnings report that ignited Friday’s move was genuinely strong across every metric that matters for a company at Rocket Lab’s stage. First quarter revenue came in at $200.3 million, a 63.5% year-over-year increase, on a loss per share of $0.07 — a penny better than analyst expectations. Second quarter guidance was set at $232.5 million at the midpoint, approximately 12% above what the Street had modeled. For a company still burning cash as it scales toward profitability, the combination of accelerating revenue growth and a beat-and-raise quarter is exactly what investors needed to see.

The backlog figures are where the story gets particularly compelling. Total backlog reached $2.2 billion — up 20% in a single quarter and up 108% year-over-year. CEO Peter Beck disclosed that Rocket Lab booked 31 Electron and HASTE rocket missions during Q1, the most ever signed in a single quarter, bringing total launches in backlog across those programs to more than 70. The company also signed five new dedicated launches for Neutron, its larger next-generation rocket currently in development. A backlog growing at three-digit rates year-over-year is not a company running out of demand — it is a company struggling to build supply fast enough to meet it.

The business wins extend well beyond launch contracts. Rocket Lab was selected alongside defense contractor RTX to support the Department of Defense’s Space Based Interceptor program — providing both launch and satellite technology as part of President Trump’s Golden Dome missile defense initiative. That contract positions Rocket Lab squarely in the defense-space convergence that has been one of the most significant and durable spending tailwinds in the sector. The company also announced plans to acquire Motiv Space Systems, a robotics firm whose technology has been deployed on NASA Mars rover missions — a move that adds in-space robotics capabilities to Rocket Lab’s already expanding portfolio.

All of this is unfolding against a backdrop of accelerating investor interest in the commercial space sector broadly, catalyzed by the anticipated SpaceX IPO — expected as early as June 2026. SpaceX is not yet publicly traded, which means Rocket Lab has functioned as the go-to pure-play proxy for investors who want direct exposure to the commercial launch market. As SpaceX’s IPO timeline comes into focus, capital has been flooding into RKLB and adjacent names in anticipation.

The key question from here is whether the fundamentals can keep pace with the valuation expansion. At 70% year-to-date with all-time highs on the board, Rocket Lab is no longer a deeply discounted bet on an unproven business. It is a high-momentum, high-expectation growth story that will need continued execution — on Neutron development, defense contract delivery, and the Motiv integration — to justify where the market has taken it.

For small and microcap investors who have been in RKLB since its earlier, less recognized days: this is what the patient capital trade looks like when it works.