Curated thematic research · August 24, 2026
Defense & Aerospace Stocks
How a defense and aerospace platform is built — from titanium and composites, through engines, electronics, and munitions, to the aircraft, ships, and satellites that primes integrate and software and services sustain. A companion to the AI Infrastructure map. Thematic ETFs such as ITA, PPA, XAR, SHLD, and DFEN bundle many of these names.
Defense & Aerospace stocks, organized by thematic value-chain role. This research groups 66 US-traded public companies across 14 stages. Market evidence reflects the August 24, 2026 close, where available.
Stage healthLeadingConstructiveMixedWeak
Editorial stage order
The board
Stages are ordered for reading; documented dependencies are listed separately below.
NODE 01
Specialty Materials & Titanium
WeakRS 88
Producers of titanium, specialty alloys, and advanced composites that are the raw inputs for aerospace and defense structures and engines.
Public companies in this stage: ATI, CRS, HXL, MTRN.
- Median RS
- RS 88
- Above 50D
- 25%
- Near high
- 0%
- Coverage
- 4/4 primary companies with RS
ATIATI Inc.PrimaryRS 95
- Role
- ATI melts and processes aerospace-grade titanium and titanium alloys, plus nickel/cobalt superalloys and other specialty metals, supplying mill products (ingot, billet, bar, plate, sheet, coil), forgings and powder used in jet engines, airframes and defense platforms.
- Inclusion rationale
- ATI extended and expanded its long-term titanium products agreement with Boeing in July 2025 covering Boeing's full narrowbody and widebody commercial programs, holds an expanded Airbus titanium plate/sheet/billet agreement, and brought its new Pageland, South Carolina titanium sheet facility online in 2025; its High Performance Materials and Components plus Advanced Alloys and Solutions segments produce titanium and nickel-based superalloys serving aerospace, defense and the U.S. Naval Nuclear Propulsion Program, with FY2025 sales of $4.59 billion and FY2026 adjusted EBITDA guidance of $975M-$1,025M, as of 2026-06.
- Confidence
- high
- Sector
- Materials
- 50D distance
- 5%
- 52-week-high proximity
- 86%
- A/D
- B
- RVOL
- 1.1x
- 50D dollar volume
- $329.6M
Sources
- ATI Inc. Form 10-K for fiscal year ended December 28, 2025U.S. Securities and Exchange Commission / ATI Inc.
- ATI and Boeing Extend and Expand Titanium Supply Long-Term AgreementPR Newswire / ATI Inc.
- ATI: Proven to perform (titanium, superalloys, aerospace & defense materials)ATI Inc.
CRSCarpenter Technology CorpPrimaryRS 85
- Role
- Carpenter melts, forges, and distributes premium specialty alloys (titanium, nickel, cobalt, stainless and tool steels) that serve as the certified mill-product feedstock for aerospace and defense engine, fastener, and structural components.
- Inclusion rationale
- Carpenter is a recognized leader in high-performance specialty alloys whose Specialty Alloys Operations (SAO) segment drove record Q3 FY2026 adjusted operating margins of 35.6% on accelerating aerospace and defense demand, with the company holding broad program coverage across the most critical certified alloy positions in aerospace and defense and operating the Dynamet titanium business within its PEP segment, as of 2026-06.
- Confidence
- high
- Sector
- Materials
- 50D distance
- -15%
- 52-week-high proximity
- 76%
- A/D
- D
- RVOL
- 1.1x
- 50D dollar volume
- $433.8M
Sources
- Carpenter Technology Reports Third Quarter Fiscal Year 2026 Results (Form 8-K)Carpenter Technology Corporation / GlobeNewswire
- Carpenter Technology Corp Form 10-K (Fiscal Year Ended June 30, 2025)U.S. Securities and Exchange Commission (EDGAR)
HXLHexcel CorporationPrimaryRS 68
- Role
- Hexcel supplies advanced lightweight aerospace-grade specialty materials — HexTow carbon fiber, HexPly epoxy prepregs, specialty reinforcements, resins and honeycomb/engineered core — that form the structural composite skins and components of military aircraft, helicopters and space launch vehicles.
- Inclusion rationale
- Hexcel is the world's largest producer of aerospace carbon fiber and supplies composite materials to over 100 military programs, including being the sole-source carbon fiber provider for the F-35, plus content on the CH-53K, V-22, UH-60M, AH-64, Rafale and Eurofighter Typhoon; its Defense, Space & Other segment represented about 39% of 2025 net sales — though Hexcel does NOT produce titanium, so it fits only the specialty-materials/composites half of this stage, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -9%
- 52-week-high proximity
- 83%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $105.2M
Sources
- Hexcel Corporation Form 10-K (FY2024)Hexcel Corporation / SEC
- Defense and Space — HexcelHexcel Corporation
- Hexcel Reports 2025 Fourth Quarter and Full Year Results (Form 8-K)Hexcel Corporation / SEC
MTRNMaterion CorporationPrimaryRS 91
- Role
- Materion supplies beryllium, copper-beryllium and other specialty engineered alloys, metal matrix composites, precious/non-precious metals, and precision optical coatings used in defense and aerospace structural, electronic and optical components.
- Inclusion rationale
- Materion is the dominant Western producer of beryllium (mines well over 50% of world supply) and in February 2026 secured a $65 million investment from a major defense prime to expand U.S. beryllium capacity, while its Performance Materials and aerospace-and-defense-driven Precision Optics segments serve A&D end markets; note the stage label includes 'Titanium' but Materion is a beryllium/specialty-alloy and optics supplier rather than a titanium producer, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -10%
- 52-week-high proximity
- 75%
- A/D
- B
- RVOL
- 0.5x
- 50D dollar volume
- $102.2M
Sources
- Materion Corp Form 8-K — First Quarter 2026 Press Release (NYSE: MTRN; aerospace & defense revenue $59.0M; beryllium and alloy products)U.S. Securities and Exchange Commission (EDGAR)
- Materion Corporation Reports Fourth Quarter and Full-Year 2025 Results; Provides Strong 2026 Outlook ($65M defense-prime investment to expand beryllium capacity)Business Wire / Materion Corporation
- Materion Corp 2025 Annual Report (Form 10-K) — Performance Materials, Electronic Materials, Precision Optics segments; beryllium/copper-beryllium alloys; aerospace & defense end marketStockTitan (SEC 10-K filing index)
NODE 02
Forgings, Castings & Precision Components
MixedRS 60
Forgers, casters, and precision-component makers that turn alloys into engine parts, structures, fasteners, and aftermarket spares.
Public companies in this stage: DCO, FTAI, HEI, HWM, LOAR, RBC, VSEC.
- Median RS
- RS 60
- Above 50D
- 43%
- Near high
- 0%
- Coverage
- 7/7 primary companies with RS
DCODucommun IncorporatedPrimaryRS 92
- Role
- Through its Structural Systems segment, Ducommun precision-machines, mills and forms aluminum, titanium and Inconel into large, complex contoured aerostructure components and assemblies, but it does not itself operate forges or foundries.
- Inclusion rationale
- Ducommun's Structural Systems segment produces machined and chem-milled metal aerostructure parts (winglets, engine components, fuselage panels, precision profile extrusions) using multi-axis high-speed machining and 5-axis gantry milling, fitting the 'precision components' half of this stage; the 'forgings/castings' label is a weaker fit since Ducommun machines and forms wrought metal and composites rather than producing forgings or castings, so confidence is capped at medium as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- 2%
- 52-week-high proximity
- 87%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $51.7M
Sources
- Ducommun Structural Systems Overview - capabilities (5-axis machining, chem-milling, contoured aluminum/titanium/Inconel aerostructures)Ducommun Incorporated
- DUCOMMUN INC /DE/ SEC 10-K Report (FY2025) - Structural Systems segment: complex aerostructure components and assemblies; $824.7M revenueTradingView News
FTAIFTAI Aviation Ltd. Common StockPrimaryRS 36
- Role
- FTAI does not forge or cast structural metal, but through its Aerospace Products segment it sources used serviceable material and manufactures FAA-approved CFM56 PMA spare parts (via a JV) to feed its commercial engine module-refurbishment line.
- Inclusion rationale
- This stage is a weak/incorrect fit for FTAI: it is a commercial aviation engine MRO and leasing company, not a forging or casting house; its only adjacency to precision components is the Chromalloy JV producing CFM56 PMA parts and its CFM56 module-factory teardown/USM flow with AAR (extended through 2030), targeting ~1,000 CFM56 modules in 2026, with PMA Part #3 approval anticipated, as of 2026-06.
- Confidence
- low
- Sector
- Technology
- 50D distance
- -13%
- 52-week-high proximity
- 61%
- A/D
- D
- RVOL
- 0.7x
- 50D dollar volume
- $317.3M
Sources
- FTAI Aviation Ltd. Form 8-K, Q1 2026 Earnings Release (Aerospace Products & Aviation Leasing segments, 2026 EBITDA guidance)U.S. Securities and Exchange Commission (EDGAR)
- AAR and FTAI Aviation extend their exclusive Serviceable Engine Products agreement, providing CFM56 engine material to the global aviation aftermarket through 2030AAR Corp.
- FTAI Targets PMA To Turbocharge Margins (Chromalloy JV manufacturing CFM56 PMA parts)Aviation Week Network
HEIHEICO CorporationPrimaryRS 60
- Role
- HEICO's Flight Support and Specialty Products operations manufacture precision-engineered aerospace replacement components using extensive in-house machining (5-axis grinding, electro-chemical machining, wire EDM, multi-axis mill/turn) plus composite/metallic structures, thermal insulation systems and advanced sealing, rather than acting as a primary forge or foundry.
- Inclusion rationale
- Its Parts Group produces 500+ new precision-engineered FAA-PMA components annually from a portfolio of over 19,500 approved parts, and its Specialty Products Group focuses on precision machining and composite/metallic structures; however HEICO is fundamentally a machined-component and PMA-part maker, so its fit for forgings/castings specifically is indirect (it largely machines and finishes parts rather than forging or casting raw metal), as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- 0%
- 52-week-high proximity
- 94%
- A/D
- C
- RVOL
- 1.5x
- 50D dollar volume
- $156.0M
Sources
- HEICO Flight Support Group / Manufacturing — machining and milling capabilities (5-Axis CBN grinding, electro-chemical machining, CNC wire EDM, Swiss machining)HEICO Corporation
- HEICO Corporation Form 10-K, fiscal year ended October 31, 2025 (Flight Support Group specialty components, assemblies and thermal insulation products)U.S. Securities and Exchange Commission (EDGAR)
HWMHowmet Aerospace Inc.PrimaryRS 67
- Role
- Howmet manufactures precision investment castings, seamless rolled rings, titanium and aluminum forgings, extrusions, and machined structural components for aero-engines and airframes.
- Inclusion rationale
- Howmet's Engine Products segment (~$4.1B revenue in 2025, ~68% of company sales) makes airfoils, seamless rolled rings and structural castings, while its Engineered Structures segment is vertically integrated from titanium ingot to titanium forgings/extrusions and forged aluminum and titanium bulkheads for the F-35 airframe (pylons, brackets, landing-gear components, engine mounts), per its 2025 10-K filed 2026-02-12, as of 2026-06.
- Confidence
- high
- Sector
- Materials
- 50D distance
- -5%
- 52-week-high proximity
- 85%
- A/D
- D
- RVOL
- 1.1x
- 50D dollar volume
- $740.5M
Sources
- Howmet Aerospace Inc. Form 10-K (Annual Report, fiscal 2025)U.S. Securities and Exchange Commission / Howmet Aerospace Inc.
- F-35 Lightning II Fighter Jet Engine | Howmet Aerospace (forged aluminum and titanium bulkheads, blades, rolled rings, fasteners)Howmet Aerospace
LOARLoar Holdings Inc.PrimaryRS 57
- Role
- Through subsidiaries such as Applied Engineering, Freeman Company and Terry's Precision Products, LOAR makes precision-machined, swaged and cast-to-hogout (C2HO) flight-critical components and assemblies for military and commercial aircraft.
- Inclusion rationale
- Loar's portfolio company Applied Engineering supplies precision machined or cast-to-hogout (C2HO) component solutions to the military and commercial aerospace markets, and its 10-K product list explicitly includes 'metal forming,' but this machined/cast hardware is a secondary capability versus Loar's defining IP-driven proprietary niche/aftermarket components, so exposure to the forgings, castings and precision-components stage is real but not its core business as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- -1%
- 52-week-high proximity
- 87%
- A/D
- B
- RVOL
- 1.3x
- 50D dollar volume
- $53.5M
Sources
- Applied Engineering - Loar Group (precision machined / cast-to-hogout components for military and commercial aerospace)Loar Group
- Loar Holdings Inc. Form 10-K (FY2025) — product portfolio incl. airframe/structural components and metal forming; FY2025 net sales $496.3MU.S. Securities and Exchange Commission (EDGAR)
- Loar Holdings Inc. Reports Q4 2025 and Full Year 2025 Record Results, and Upward Revisions to Full Year 2026 Outlook (NYSE: LOAR)Loar Holdings Inc. Investor Relations
RBCRBC Bearings IncorporatedPrimaryRS 44
- Role
- RBC Bearings designs and manufactures highly engineered precision roller and ball bearings plus precision-machined components, mechanical assemblies, engineered fasteners and custom-fabricated metal parts that go into aircraft airframes, engines, and defense platforms.
- Inclusion rationale
- RBC's Aerospace/Defense segment (FY2025 ended March 29, 2025) supplies precision bearings and machined components for commercial aerospace and for sea, ground, and air defense, with its RBC Engineered Components and Western Precision Aero units producing machined parts and mechanical assemblies to aerospace and military specifications; defense sales rose 15.9% in FY2025 driven by marine/submarine, missile, and space programs as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -15%
- 52-week-high proximity
- 74%
- A/D
- D
- RVOL
- 1.5x
- 50D dollar volume
- $147.7M
Sources
- RBC Bearings Incorporated Form 10-K for the fiscal year ended March 29, 2025U.S. Securities and Exchange Commission (EDGAR)
- Machined Parts & Components Services - Precision Part Fabrication | RBC BearingsRBC Bearings Incorporated
- RBC Q1 Deep Dive: Aerospace and Defense Momentum Drives Revenue Growth, Margin Outlook StableStockStory
VSECVSE CorpPrimaryRS 71
- Role
- VSE does not forge, cast, or machine raw aerospace structural components; its nearest adjacency is repairing and reconditioning flight-critical engine hot-section components (e.g., weld repair via Turbine Weld Industries) and manufacturing/distributing finished engine accessories under OEM license, rather than supplying forgings, castings, or precision-machined parts.
- Inclusion rationale
- VSE is a pure-play aviation aftermarket company built on parts distribution and MRO of engine components and engine/airframe accessories, and its 2025 Turbine Weld Industries acquisition provides proprietary weld/repair of Pratt & Whitney Canada PW100/PT6/JT15D hot-section components plus an OEM license to manufacture and distribute PT6 fuel pumps, none of which is a forging/casting/precision-machining supply role, so this stage is a weak fit assigned with low confidence as of 2026-06.
- Confidence
- low
- Sector
- Industrials
- 50D distance
- 0%
- 52-week-high proximity
- 87%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $101.8M
Sources
- VSE Corporation Announces Fourth Quarter and Full Year 2025 ResultsVSE Corporation Investor Relations
- VSE Corporation Acquires Turbine Weld IndustriesVSE Corporation Investor Relations
- About Us | VSE AviationVSE Aviation
NODE 03
Jet & Rocket Propulsion
WeakRS 56
Makers of jet engines, rocket motors, and the fuel and propulsion controls that power military aircraft and launch vehicles.
Public companies in this stage: GE, WWD, HEI, HWM, RTX, TXT.
- Median RS
- RS 56
- Above 50D
- 0%
- Near high
- 0%
- Coverage
- 2/2 primary companies with RS
GEGE AerospacePrimaryRS 61
- Role
- GE Aerospace designs, manufactures, and services military jet engines and turboshafts that power U.S. and allied fighters, trainers, and helicopters.
- Inclusion rationale
- Its Defense & Propulsion Technologies segment (~23% of total revenue, $3.2B in 2025) produces the F110 (sole engine for the entire USAF F-15EX fleet under a $1.58B award plus a $5B FMS IDIQ), the F404/F414 (T-7A Red Hawk, F/A-18 Super Hornet, Gripen, HAL Tejas), and the T700 helicopter turboshaft, and in May 2026 GE passed the Assembly Readiness Review for its XA102 adaptive-cycle engine under the USAF NGAP sixth-gen propulsion program, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -5%
- 52-week-high proximity
- 88%
- A/D
- A
- RVOL
- 0.7x
- 50D dollar volume
- $1.6B
WWDWoodward, Inc.PrimaryRS 52
- Role
- Woodward supplies the fuel and combustion control content for turbine engines, including fuel pumps, fuel metering units, main engine controls, specialty/air valves and gas-turbine fuel nozzles used on military and commercial jet engines.
- Inclusion rationale
- Woodward identifies propulsion and combustion control for turbine-powered aircraft as a key focus area, and its Aerospace segment (the larger of two segments) explicitly supplies fuel pumps, metering units, air/specialty valves and fuel nozzles for turbine engines used on military fixed-wing aircraft, rotorcraft and guided weapons; the company reported record FY2025 sales of roughly $3.6B with FY2026 filings active through Q2 (period ended 2026-03-31), as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -15%
- 52-week-high proximity
- 74%
- A/D
- E
- RVOL
- 0.8x
- 50D dollar volume
- $292.3M
Sources
- Woodward, Inc. Form 10-K for fiscal year ended September 30, 2025U.S. Securities and Exchange Commission (EDGAR)
- Aerospace Solutions by WoodwardWoodward, Inc.
HEIHEICO CorporationAdjacentRS 60
- Role
- HEICO designs, manufactures, and repairs FAA-PMA jet-engine replacement parts (combustor, turbine and accessory components such as blades, vanes, seals and fuel nozzles) and provides DER engine overhaul services, increasingly extending into aeroderivative and industrial gas-turbine engine repair.
- Inclusion rationale
- Its Flight Support Group (~70% of FY2025 net sales) is the world's largest independent supplier of FAA-approved jet-engine replacement parts and DER repairs, and in February 2026 HEICO/Wencor closed the EthosEnergy Accessories & Components acquisition (175 staff across CT, SC and Scotland) to expand into aeroderivative gas-turbine engine accessory repair including fuel nozzles, blades, vanes and seals, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 0%
- 52-week-high proximity
- 94%
- A/D
- C
- RVOL
- 1.5x
- 50D dollar volume
- $156.0M
Sources
- HEICO Corporation Form 10-K, fiscal year ended October 31, 2025 (business segments; Flight Support Group jet engine replacement parts and repair)U.S. Securities and Exchange Commission (EDGAR)
- HEICO Corporation to Acquire Leading Electric Power Generation Component Repair Companies (EthosEnergy Accessories & Components)Nasdaq / AccessWire
HWMHowmet Aerospace Inc.AdjacentRS 67
- Role
- Howmet supplies the hot-section airfoils that go inside jet and gas-turbine engines, including single-crystal nickel-superalloy turbine blades and vanes plus rotating and structural castings.
- Inclusion rationale
- Howmet's Engine Products segment supplies single-crystal nickel-based superalloy blades and vanes for major propulsion programs including the CFM LEAP, Pratt & Whitney GTF, and the F-35's Pratt & Whitney F135, with Engine Products revenue up ~17% year over year to $1.105B in Q3 2025 driven by commercial and defense aerospace, as of 2026-06.
- Confidence
- high
- Sector
- Materials
- 50D distance
- -5%
- 52-week-high proximity
- 85%
- A/D
- D
- RVOL
- 1.1x
- 50D dollar volume
- $740.5M
Sources
- Howmet Aerospace Reports Third Quarter 2025 Results (Engine Products segment, airfoils/blades for aircraft engines and gas turbines)Howmet Aerospace
- Howmet Aerospace Inc. Form 10-K (Annual Report, fiscal 2025) — Engine Products: airfoils, seamless rolled rings for aircraft engines and industrial gas turbinesU.S. Securities and Exchange Commission / Howmet Aerospace Inc.
RTXRTX CorporationAdjacentRS 68
- Role
- RTX's Pratt & Whitney segment designs, builds, and sustains military and commercial aircraft propulsion, most notably the F135 engine that powers all three F-35 Lightning II variants, plus the GTF (PW1000G) and V2500 commercial engine families.
- Inclusion rationale
- On 2026-03-31 Pratt & Whitney was awarded a $6.6 billion F135 production contract definitizing lots 18-19 (the F135 is the sole engine for the F-35 and has shipped 1,400+ production units), and the Pratt & Whitney segment was RTX's largest by revenue (~$32.9B) in FY2025, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 92%
- A/D
- B
- RVOL
- 0.8x
- 50D dollar volume
- $1.0B
Sources
- RTX's Pratt & Whitney awarded $6.6 billion F135 production contract to definitize lots 18-19RTX Corporation
- RTX Corporation Form 10-K (FY2025), Item 1 Business — Pratt & Whitney segmentU.S. Securities and Exchange Commission (RTX Corporation)
TXTTextron, Inc.AdjacentRS 33
- Role
- Through its Lycoming Engines division (part of the Avco Corporation subsidiary / Textron Systems), Textron designs, manufactures and supports aircraft propulsion engines for manned and unmanned fixed- and rotary-wing aircraft.
- Inclusion rationale
- Lycoming, headquartered in Williamsport, PA and an operating unit of Textron Systems, has built more than 325,000 piston aircraft engines and powers over half the world's general-aviation fleet, with current military/UAS-oriented offerings including the electronically controlled iE2 and EL-005 engines, though this is piston/reciprocating and small-turbine propulsion rather than large jet or rocket propulsion, making the fit partial, as of 2026-06.
- Confidence
- low
- Sector
- Industrials
- 50D distance
- -8%
- 52-week-high proximity
- 81%
- A/D
- E
- RVOL
- 0.7x
- 50D dollar volume
- $149.2M
Sources
- Propulsion | Textron SystemsTextron Systems
- Lycoming Engines | Textron SystemsTextron Systems
NODE 04
Power & Actuation Subsystems
MixedRS 64
Suppliers of hydraulic, electromechanical, and power subsystems — actuators, flight controls, pumps, and power management — inside platforms.
Public companies in this stage: AME, ATRO, CW, PH, TDG, HON, WWD.
- Median RS
- RS 64
- Above 50D
- 40%
- Near high
- 0%
- Coverage
- 5/5 primary companies with RS
AMEAmetek, Inc.PrimaryRS 64
- Role
- Through its AMETEK PDS (Power & Data Systems) unit, AME designs and manufactures integrated power generation/distribution systems, starter-generators, generator control units, DC motors, and linear/rotary electromechanical actuators that drive flight-control surfaces, flaps, trim, cargo/cabin doors, and valves on aircraft and defense platforms.
- Inclusion rationale
- AMETEK PDS is a leading supplier of power generation, power distribution, and electromechanical actuation systems for business jet, helicopter, commercial transport, UAV, eVTOL, military aircraft, and tactical-vehicle markets, supplying actuation/starter-generators/GCUs on programs such as the Dornier Seastar, Boeing T-7A Red Hawk (hydraulic pump motors), Leonardo AW09, and Pilatus PC-24 trim systems, with the broader Electromechanical Group benefiting from record defense orders (Q1 2026 orders up 23.3% to $2.22B, record $3.87B backlog) as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- 1%
- 52-week-high proximity
- 93%
- A/D
- B
- RVOL
- 1.4x
- 50D dollar volume
- $298.9M
Sources
- AMETEK PDS - Aerospace & Defense Power and Motion Control Experts (Actuators / power generation / distribution)AMETEK PDS
- AMETEK INC Form 10-K (FY2024) - Electromechanical Group, aerospace & defense precision motion controlU.S. Securities and Exchange Commission / AMETEK, Inc.
- AMETEK INC Form 8-K (FY2026) - Q1 2026 results: record orders up 23.3%, record $3.87B backlog, defense/aero strengthU.S. Securities and Exchange Commission / AMETEK, Inc.
ATROAstronics CorpPrimaryRS 90
- Role
- Astronics designs and manufactures aircraft electrical power generation, conversion and distribution systems plus electromechanical seat-motion actuation for commercial, business, rotorcraft and military aircraft.
- Inclusion rationale
- Astronics calls itself the aircraft industry's electrical power experts and its Aerospace segment's largest line is Electrical Power & Motion (cabin power and seat-motion capabilities) at about $410.4 million of 2025 sales; its CorePower solid-state power distribution platform was selected by Bell for the U.S. Army FLRAA (V-280 Valor) and FARA (360 Invictus) electrical power generation/conversion/distribution systems, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -2%
- 52-week-high proximity
- 79%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $56.7M
Sources
- Astronics Corporation Form 10-K for fiscal year ended December 31, 2025U.S. Securities and Exchange Commission
- Aircraft Power Systems and Power Distribution (CorePower)Astronics Corporation
- Astronics Awarded Contracts by Bell to Develop Electrical Power Systems for FARA and FLRAA ProgramsAstronics Corporation (Investor Relations)
CWCurtiss-Wright Corp.PrimaryRS 40
- Role
- Curtiss-Wright designs and supplies electro-mechanical actuation (EMA) systems and electromechanical actuation components for flight controls, engine controls, and landing gear on military and commercial aircraft, plus actuation for ground-defense platforms.
- Inclusion rationale
- Its Actuation Division is a leading EMA supplier across defense aviation (flight controls, engine controls, landing gear) and FY2025 defense growth was principally driven by higher electromechanical actuation equipment sales in the ground defense market, with aerospace-defense actuation supporting domestic and international fighter programs and the Airbus UpNext eXtra-performance WING demonstrator; actuation sits in the Aerospace & Industrial segment, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -16%
- 52-week-high proximity
- 76%
- A/D
- E
- RVOL
- 2.6x
- 50D dollar volume
- $222.2M
Sources
- Curtiss-Wright Corp Form 10-K for Fiscal Year 2025U.S. Securities and Exchange Commission
- Defense Aerospace | Actuation Division | Curtiss-WrightCurtiss-Wright Corporation
PHParker-Hannifin CorporationPrimaryRS 69
- Role
- Parker Hannifin's Aerospace Systems segment supplies the actuation hardware that moves aircraft control surfaces and landing gear, including hydraulic valves and actuators, electromechanical actuators, hydraulic pumps and motors, and complete flight control systems for military and commercial airframes.
- Inclusion rationale
- Parker's Aerospace Systems segment (≈$6.19B FY2025 revenue, ~13% organic growth) provides complete hydraulic and flight control/actuation systems controlling rudders, elevators, ailerons, and landing gear across defense fixed-wing, helicopter, and commercial platforms, and on 2026-05-21 it agreed to acquire CIRCOR's Commercial and Defense Aerospace fluid-control and actuation business for $2.55B, deepening its actuation franchise, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 92%
- A/D
- B
- RVOL
- 1.2x
- 50D dollar volume
- $625.2M
Sources
- Parker-Hannifin Corporation Form 10-K (Fiscal Year ended June 30, 2025) — Aerospace Systems segment descriptionU.S. Securities and Exchange Commission (EDGAR)
- Parker to Acquire CIRCOR's Commercial and Defense Aerospace BusinessParker-Hannifin Corporation Investor Relations
- Parker-Hannifin Corporation Form 8-K, Exhibit 99.1 — Q3 FY2026 results (Aerospace Systems growth)U.S. Securities and Exchange Commission (EDGAR)
TDGTransDigm Group IncorporatedPrimaryRS 32
- Role
- TransDigm designs and produces mechanical and electromechanical flight-control and engine actuators, motion-control systems, electric motors/generators, pumps, valves, and power-conditioning devices used on nearly all commercial and military aircraft.
- Inclusion rationale
- Its Power & Control segment is explicitly built around products that provide or control aircraft power using 'electronic, fluid, power and mechanical motion control technologies,' leading with 'mechanical/electromechanical actuators and controls,' and the company further deepened high-power electronic subsystem exposure via its definitive ~$960M agreement to acquire Stellant Systems, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -5%
- 52-week-high proximity
- 82%
- A/D
- D
- RVOL
- 1.0x
- 50D dollar volume
- $521.2M
Sources
- TransDigm Group Incorporated Form 10-K for fiscal year ended September 30, 2025 (Power & Control segment description)U.S. Securities and Exchange Commission (EDGAR)
- TransDigm Group INC Form 8-K (FY2026 Q2) — Stellant Systems acquisition agreement and Q2 resultsU.S. Securities and Exchange Commission (EDGAR)
HONHoneywell International, Inc.AdjacentRS 7
- Role
- Honeywell supplies auxiliary power units, electric power generation/conversion, thermal management, and power/actuation subsystems that provide secondary electrical and hydraulic power and cooling for defense and commercial aircraft.
- Inclusion rationale
- Honeywell's Aerospace Technologies builds APUs (e.g., the 36-150, 131-9, HGT1700), electric power generation from 5-200 kVA across 250,000+ fielded systems, and thermal/power-actuation systems; Bell selected Honeywell's 36-150 APU (a source of electrical and hydraulic power) and Attune environmental control system for the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) with service expected beyond 2050, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -22%
- 52-week-high proximity
- 43%
- A/D
- C
- RVOL
- 0.9x
- 50D dollar volume
- $992.0M
Sources
- Honeywell Auxiliary Power and Environmental Control Systems Selected by Bell for the Future Long-Range Assault AircraftHoneywell International Inc.
- Power Generation and Conversion - Honeywell Aerospace Electric PowerHoneywell International Inc.
WWDWoodward, Inc.AdjacentRS 52
- Role
- Woodward supplies motion-control and actuation subsystems for aircraft and engines, including flight deck controls, actuators, servocontrols, motors, sensors, thrust reverser actuation systems and electromechanical primary-flight-control actuation.
- Inclusion rationale
- Woodward's Aerospace segment supplies actuators, servocontrols, motors, sensors and thrust reverser actuation systems, and on 2025-07-21 it completed the acquisition of Safran's North American electromechanical actuation business (including A350 Horizontal Stabilizer Trim Actuation), deepening its power-and-actuation content on commercial and defense platforms, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -15%
- 52-week-high proximity
- 74%
- A/D
- E
- RVOL
- 0.8x
- 50D dollar volume
- $292.3M
Sources
- Woodward, Inc. Form 10-K for fiscal year ended September 30, 2025U.S. Securities and Exchange Commission (EDGAR)
- Woodward Completes Acquisition of Safran's North American Electromechanical Actuation BusinessWoodward, Inc.
NODE 05
Avionics & Defense Electronics
WeakRS 57
Avionics, mission computers, and defense electronics that fly and operate aircraft and weapon systems.
Public companies in this stage: CR, HON, MRCY, CW, DCO, HEI, LHX.
- Median RS
- RS 57
- Above 50D
- 0%
- Near high
- 0%
- Coverage
- 3/3 primary companies with RS
CRCrane CompanyPrimaryRS 58
- Role
- Defense and space electronics: engine pressure sensors, power-conversion solutions, aircraft braking and microwave/RF components for military aircraft and space platforms
- Inclusion rationale
- Crane Company's Aerospace & Electronics segment supplies sensors and power-conversion electronics into military aerospace, defense and space programs, lifting an avionics-electronics stage that has only 2 primaries (HON, MRCY); ~$10B-cap NYSE name with ample liquidity, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -5%
- 52-week-high proximity
- 90%
- A/D
- C
- RVOL
- 0.8x
- 50D dollar volume
- $101.3M
Sources
- Crane Co Form 8-K (Q4/FY2025 earnings, Aerospace & Electronics segment)U.S. SEC / Crane Company
HONHoneywell International, Inc.PrimaryRS 7
- Role
- Honeywell supplies integrated avionics, navigation, sensing, connectivity, and electro-magnetic/electronic-warfare defense systems plus cockpit and flight-management suites that go into commercial, defense, and space aircraft.
- Inclusion rationale
- Honeywell's Aerospace Technologies segment (now organized with an Electronic Solutions unit providing integrated avionics, sensing, navigation, connectivity and electromagnetic defense, plus the Anthem cockpit system) is a mission-critical supplier to primes including Lockheed Martin, Northrop Grumman, RTX, Boeing and BAE Systems, and in March 2026 signed a ~$500M multi-year supplier framework agreement with the U.S. Department of War to accelerate defense-technology production, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -22%
- 52-week-high proximity
- 43%
- A/D
- C
- RVOL
- 0.9x
- 50D dollar volume
- $992.0M
Sources
- Honeywell Aerospace Inc. - Form 10-12B/A, Exhibit 99.1 Information Statement (FY2026)U.S. Securities and Exchange Commission / Honeywell Aerospace Inc.
- Honeywell Aerospace, Department of War Sign Groundbreaking Agreement to Accelerate Production of Defense TechnologiesHoneywell International Inc.
MRCYMercury Systems Inc.PrimaryRS 57
- Role
- Mercury Systems designs and manufactures rugged, secure defense-electronics subsystems — mission computers, processing servers, microelectronics and BuiltSECURE secure-processing hardware — that defense primes and OEMs integrate into avionics and weapon platforms.
- Inclusion rationale
- Mercury describes itself as a global leader in aerospace and defense electronics with products deployed in 300+ programs, and on 2026-05-28 it received its largest-ever production order — 1,000 RTBX06 BuiltSECURE servers for Blue Raven — built on its Common Processing Architecture for secure edge processing, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -16%
- 52-week-high proximity
- 70%
- A/D
- D
- RVOL
- 2.0x
- 50D dollar volume
- $80.8M
Sources
- Mercury Receives Largest Production Order for its Common Processing Architecture ServersGlobeNewswire (Mercury Systems, Inc.)
- Mercury Systems, Inc. Form 10-K (fiscal year ended June 27, 2025)U.S. Securities and Exchange Commission (EDGAR)
CWCurtiss-Wright Corp.AdjacentRS 40
- Role
- Through its Defense Electronics segment, Curtiss-Wright supplies rugged COTS embedded computing modules and processing equipment, data-acquisition and flight-test instrumentation, integrated subsystems, aircraft data management, and tactical communications solutions for aerospace, ground, and naval defense.
- Inclusion rationale
- Curtiss-Wright describes itself as the industry leader in rugged COTS open-architecture embedded computing for SWaP-C-constrained defense electronics, with its Defense Solutions/Avionics & Electronics businesses providing avionics, flight-test equipment, and aircraft data management within the Defense Electronics segment, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -16%
- 52-week-high proximity
- 76%
- A/D
- E
- RVOL
- 2.6x
- 50D dollar volume
- $222.2M
Sources
- Curtiss-Wright Corp Form 10-K for Fiscal Year 2025U.S. Securities and Exchange Commission
- Curtiss-Wright Corporation | Organization | Defense ElectronicsCurtiss-Wright Corporation
DCODucommun IncorporatedAdjacentRS 92
- Role
- Through its Electronic Systems segment, Ducommun builds defense and avionics electronics hardware including aircraft avionics racks, printed circuit board assemblies, cable/wire harnesses, interconnect systems, radar enclosures, shipboard communications/control enclosures and lightning diversion systems.
- Inclusion rationale
- Ducommun's Electronic Systems segment is a core, defining business that supplies avionics racks, PCB assemblies, wire harnesses, interconnect systems and radar enclosures, and it drove a $43.7M military/space revenue increase in 2025 with the defense business growing ~4.8% (missile business up 22%) in Q1 2026 (quarter ended April 4, 2026, $209.0M total revenue) as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 2%
- 52-week-high proximity
- 87%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $51.7M
Sources
- Electronics and Aerostructures | Ducommun - Electronic Systems products (avionics racks, PCB assemblies, wire harnesses, interconnect systems, radar enclosures)Ducommun Incorporated
- Ducommun Incorporated Reports First Quarter 2026 Results (Q1 ended April 4, 2026; $209.0M revenue; defense up 4.8%, missile up 22%)U.S. Securities and Exchange Commission (Ducommun 8-K)
HEIHEICO CorporationAdjacentRS 60
- Role
- Through its Electronic Technologies Group, HEICO designs and manufactures mission-critical defense and aerospace electronics including RF/microwave components, electro-optical and infrared simulation/test equipment, laser rangefinder receivers, power supplies/power conversion, avionics controls and displays, and emergency locator/underwater locator beacons.
- Inclusion rationale
- The Electronic Technologies Group (~30% of FY2025 net sales) derives roughly 51% of its sales from U.S. and foreign military agencies, prime defense contractors and defense/space satellite makers, and HEICO expanded this footprint in 2025 by acquiring avionics-controls maker Gables Engineering and in-flight-display maker Rosen Aviation, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 0%
- 52-week-high proximity
- 94%
- A/D
- C
- RVOL
- 1.5x
- 50D dollar volume
- $156.0M
Sources
- HEICO Corporation Form 10-K, fiscal year ended October 31, 2025 (Electronic Technologies Group products; ~51% defense/space sales)U.S. Securities and Exchange Commission (EDGAR)
- HEICO Corporation Form 8-K / Q1 FY2025 earnings release (Electronic Technologies Group defense, space and aerospace growth and acquisitions)U.S. Securities and Exchange Commission (EDGAR)
LHXL3Harris Technologies, Inc.AdjacentRS 25
- Role
- L3Harris supplies mission-critical avionics and defense electronics, including the core computing, displays, memory and electronic-warfare units that run advanced combat aircraft.
- Inclusion rationale
- L3Harris provides the F-35 Lightning II Technology Refresh-3 (TR-3) avionics suite — the Integrated Core Processor (ICP), Panoramic Cockpit Display Electronic Unit (PCD-EU) and Aircraft Memory System (AMS) — plus broader aircraft missionization, cockpit communications and processing solutions across military fleets as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -9%
- 52-week-high proximity
- 69%
- A/D
- C
- RVOL
- 0.9x
- 50D dollar volume
- $456.0M
Sources
- F-35 Lightning II Avionics (Integrated Core Processor, Panoramic Cockpit Display Electronic Unit, Aircraft Memory System)L3Harris Technologies
- Aircraft Missionization and AvionicsL3Harris Technologies
NODE 06
Sensors, EW & C4ISR Systems
WeakRS 45
Sensors, electro-optics, radar, electronic warfare, and C4ISR systems that detect, target, and connect the battlespace.
Public companies in this stage: DRS, ESLT, OSIS, TDY, KTOS, LHX, MRCY.
- Median RS
- RS 45
- Above 50D
- 0%
- Near high
- 0%
- Coverage
- 4/4 primary companies with RS
DRSLeonardo DRS, Inc. Common StockPrimaryRS 37
- Role
- Leonardo DRS designs and manufactures the sensing and tactical-edge network-computing backbone of C4ISR: long-range EO/IR and infrared imaging, SIGINT, electronic warfare, and next-generation AESA tactical radars for land, sea, air and space platforms.
- Inclusion rationale
- Its Advanced Sensing and Computing segment grew 11.2% to $2,355M in FY2025 (roughly two-thirds of the company's $3.65B revenue), driven by dismounted/ground-vehicle sensing, C-UAS tactical radar programs and naval computing, with offerings spanning EO/IR, SIGINT, EW and AESA radar per the FY2025 10-K, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -13%
- 52-week-high proximity
- 77%
- A/D
- D
- RVOL
- 1.0x
- 50D dollar volume
- $44.5M
Sources
- Leonardo DRS, Inc. Form 10-K for the Fiscal Year Ended December 31, 2025U.S. Securities and Exchange Commission (EDGAR)
- Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2025Leonardo DRS, Inc.
ESLTElbit Systems LtdPrimaryRS 69
- Role
- Elbit Systems develops and integrates airborne/ground/naval electronic-warfare suites (DIRCM self-protection, C-UAS), electro-optic and ISR sensors, software-defined tactical radios, and command-and-control (C4I) systems for defense forces worldwide.
- Inclusion rationale
- This stage is a core defining business: two of Elbit's reportable segments map directly to it, ISTAR & EW ($1,525.8M FY2025 revenue, +16%, including electro-optic, maritime and C-UAS EW systems) and C4I & Cyber ($930.9M FY2025, +16%, driven by radio and command-and-control sales), reinforced by 2026 wins such as ~$275M of Mini-MUSIC DIRCM/EW for Asia-Pacific helicopters and ~$150M of J-MUSIC DIRCM for European aircraft, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -7%
- 52-week-high proximity
- 72%
- A/D
- C
- RVOL
- 1.0x
- 50D dollar volume
- $69.6M
Sources
- Elbit Systems Reports Fourth Quarter and Full Year 2025 ResultsElbit Systems Ltd.
- Elbit Systems Secures $275 Million Contracts to Equip an Asia-Pacific Country Helicopter Platform with Advanced EW and DIRCM Self-Protection SolutionPR Newswire (Elbit Systems Ltd.)
- Land C4ISRElbit Systems Ltd.
OSISOSI Systems IncPrimaryRS 25
- Role
- OSI Systems supplies radar sensing and C4ISR hardware—most notably an over-the-horizon radar (OTHR) transmit subsystem for homeland defense—plus radiation-hardened optical sensors, photodiodes, position-sensing detectors, and laser diodes used in reconnaissance, remote-sensing, targeting, and guidance systems.
- Inclusion rationale
- In April 2026 OSI's Security division won a ~$235M (NTE) Undefinitized Contract Action to produce and integrate a homeland-defense over-the-horizon radar transmit subsystem for long-range tracking beyond line-of-sight, with management citing the company's RF engineering, advanced manufacturing, and complex system integration for mission-critical defense; separately, its Optoelectronics & Manufacturing segment ($111M Q3 FY2026 revenue) makes optical sensors and laser diodes for ISR/remote sensing, laser range-finders, and targeting, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -7%
- 52-week-high proximity
- 65%
- A/D
- E
- RVOL
- 3.9x
- 50D dollar volume
- $51.2M
Sources
- OSI Systems Receives $235 Million Homeland Defense Contract (8-K Exhibit 99.1)U.S. Securities and Exchange Commission (OSI Systems, Inc.)
- Over-the-horizon radar transmit subsystem ordered for homeland defense from OSI SystemsMilitary Embedded Systems
- OSI Optoelectronics — Aerospace & Defense Applications (optical sensors, laser diodes for laser guidance, range finders, reconnaissance/navigation)OSI Systems, Inc.
- OSI Systems Reports Fiscal 2026 Third Quarter Financial Results (Optoelectronics & Manufacturing serving aerospace/defense; record backlog $1.9B)OSI Systems, Inc. / Business Wire
TDYTeledyne Technologies IncorporatedPrimaryRS 52
- Role
- Teledyne supplies the EO/IR cameras, multispectral sensors, surveillance radars, RF/EW protection modules, and reconnaissance ISR systems (including nano-UAS) that feed C4ISR networks across air, land, and maritime platforms.
- Inclusion rationale
- Teledyne's Digital Imaging segment (52% of 2025 net sales) builds visible/IR/UV/X-ray sensors and cameras for defense and government use, and Teledyne FLIR Defense delivers ISR products such as the TacFLIR 280-HDEP EO/IR system and Ranger R20SS ISR-T radar on the Bulgaria Stryker recon kit (Jan 2026) plus Black Hornet 4 nano-drones for armasuisse, while Teledyne Microwave UK markets a wideband limiter for Radar ESM/EW survivability, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -3%
- 52-week-high proximity
- 90%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $240.7M
Sources
- Teledyne Technologies Inc Form 10-K, Fiscal Year 2025 (segment breakdown: Digital Imaging includes high-performance visible/IR/UV/X-ray sensors and cameras for government, defense, security)U.S. Securities and Exchange Commission (EDGAR)
- Teledyne FLIR Defense Wins $32 Million Contract to Provide Recon Surveillance Kit on Strykers for Bulgaria (TacFLIR 280-HDEP, Ranger R20SS, Cameleon)Teledyne FLIR Defense
- Teledyne FLIR Defense Wins $17.5 Million Contract from armasuisse to Deliver Black Hornet 4 Nano-Drones for Dismounted and Vehicle-Integrated ReconnaissanceTeledyne FLIR Defense
- Teledyne FLIR Defense Awarded $11.2 Million U.S. Army Contract for Advanced CBRN Sensor Drone KitsBusiness Wire
KTOSKratos Defense & Security Solutions, Inc.AdjacentRS 21
- Role
- Kratos designs and builds C5ISR and microwave electronic products (for radar, missile defense, counter-UAS, directed energy, SATCOM and communications) and fields electronic-warfare payloads on its tactical drones.
- Inclusion rationale
- Kratos' Government Solutions segment includes a microwave electronic products and C5ISR business serving missile, radar, missile-defense, counter-UAS and directed-energy systems, and in 2026 Kratos demonstrated XQ-58A electronic-warfare capabilities for the U.S. Marine Corps, as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- 1%
- 52-week-high proximity
- 40%
- A/D
- B
- RVOL
- 0.9x
- 50D dollar volume
- $241.8M
Sources
- Kratos Defense & Security Solutions, Inc. Form 10-K (FY2024)U.S. Securities and Exchange Commission
- Kratos Demonstrates XQ-58A Electronic Warfare Capabilities for United States Marine CorpsUAS Magazine
LHXL3Harris Technologies, Inc.AdjacentRS 25
- Role
- L3Harris is a core supplier of C4ISR systems, tactical communications, RF sensors and electronic-warfare/jamming payloads that connect and protect the battlefield across ground, air and space.
- Inclusion rationale
- Through its Communications & Spectrum Dominance segment, L3Harris fields the Falcon family of software-defined tactical radios (over one million deployed, e.g. AN/PRC-152A/-163/-171), Wraith Shield counter-UAS sensing on fielded radios, the software-defined Deceptor EW payload demonstrated in the US Army's April 2026 autonomous-EW DiSCO experiment, and space-based infrared missile-warning/tracking satellites for the Space Development Agency as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -9%
- 52-week-high proximity
- 69%
- A/D
- C
- RVOL
- 0.9x
- 50D dollar volume
- $456.0M
Sources
MRCYMercury Systems Inc.AdjacentRS 57
- Role
- Mercury supplies the RF/microwave front-ends, MMICs, direct-RF digital processing, DRFM subsystems and SOSA/CMOSS-aligned signal-processing boards that turn radar, electronic-warfare and C4ISR sensor data into actionable signals at the aperture.
- Inclusion rationale
- Mercury's portfolio (including Atlanta Micro MMICs and direct-to-digital RF processing for AESA radar/EW shown at AOC, plus DRFM and SOSA/CMOSS signal-processing systems) underpins record Q3 FY2026 bookings of $348M and a $1.6B backlog, lifted by missile-defense/Golden Dome demand for high-speed signal processing, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -16%
- 52-week-high proximity
- 70%
- A/D
- D
- RVOL
- 2.0x
- 50D dollar volume
- $80.8M
Sources
- Electronic warfare, radar processing tech to be showcased by Mercury at AOC 2025Military Embedded Systems
- Mercury Systems Inc Form 8-K — Q3 FY2026 Earnings PresentationU.S. Securities and Exchange Commission (EDGAR)
NODE 07
Missiles & Munitions
WeakRS 21
Makers of missiles, precision munitions, hypersonics, and ammunition.
Public companies in this stage: KTOS, OLN, POWW, AVAV, LMT, NOC, RTX.
- Median RS
- RS 21
- Above 50D
- 33%
- Near high
- 0%
- Coverage
- 3/3 primary companies with RS
KTOSKratos Defense & Security Solutions, Inc.PrimaryRS 21
- Role
- Kratos supplies affordable solid rocket motors, thrust-vector-control systems and tactical/hypersonic propulsion for missiles, loitering munitions and flight-test vehicles, and acts as a prime integrator of hypersonic strike and test systems.
- Inclusion rationale
- In March 2026 Kratos was awarded a ~$49M NSWC Port Hueneme contract for up to 36 Oriole solid rocket motors plus TVC nozzle kits supporting Navy missile/hypersonic test programs, and it is prime on the $1.45B MACH-TB 2.0 hypersonic test-bed program with its Zeus, Dark Fury and Erinyes propulsion/flyer lines, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 1%
- 52-week-high proximity
- 40%
- A/D
- B
- RVOL
- 0.9x
- 50D dollar volume
- $241.8M
Sources
- Kratos Awarded $49 Million NSWC PHD Contract for Oriole Rocket Motor and Thrust Vector Control Systems to Support Navy Missile and Test ProgramsGlobeNewswire (Kratos Defense & Security Solutions)
- Kratos' $50 Million State-of-the-Art Hypersonic System Indiana Payload Integration Facility on Track for 2026Kratos Defense & Security Solutions
OLNOlin Corp.PrimaryRS 18
- Role
- Small- and medium-caliber military ammunition; operates the U.S. Army's Lake City Army Ammunition Plant and is building the 6.8mm Next Generation Squad Weapon round facility
- Inclusion rationale
- Winchester is the operator of Lake City (5.56/7.62/.50-cal) and is constructing the Army's 6.8mm NGSW ammunition line, a core munitions producer that adds a true ammunition primary to a thin 2-primary stage; OLN is a large, liquid NYSE listing, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -15%
- 52-week-high proximity
- 58%
- A/D
- D
- RVOL
- 1.1x
- 50D dollar volume
- $71.2M
POWWOutdoor Holding Company Common StockPrimaryRS 73
- Role
- POWW no longer supplies munitions of any kind; it is now a pure-play firearms/ammunition e-commerce marketplace operator (GunBroker.com) after divesting all ammunition manufacturing in 2025.
- Inclusion rationale
- In April 2025 the company (then AMMO, Inc.) completed the sale of all assets of its ammunition design/manufacturing business, including the 185,000 sq ft Manitowoc, WI plant, to Olin Winchester, rebranded to Outdoor Holding Company, and reports the ammunition segment as discontinued operations; its prior DoD/IWTSD small-arms contracts (e.g., Ballistically Matched Multi-Purpose Rounds) left with that divestiture, making the missiles-munitions stage assignment obsolete and only historically applicable as of 2026-06.
- Confidence
- low
- Sector
- Technology
- 50D distance
- 0%
- 52-week-high proximity
- 84%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $2.0M
Sources
- Outdoor Holding Company Reports Positive Net Income from Continuing Operations for Second Quarter Fiscal 2026 (states April 2025 completion of sale of all ammunition manufacturing assets; continuing operations are GunBroker marketplace only)Outdoor Holding Company (GlobeNewswire)
- AMMO, Inc. Announces Sale of Ammunition Manufacturing Assets to Olin Winchester for $75MBusiness Wire
- Outdoor Holding Company (POWW) Company Profile - online marketplace (GunBroker), no longer manufactures ammunition; NASDAQ-listedStockAnalysis.com
AVAVAeroVironment, Inc.AdjacentRS 14
- Role
- AeroVironment produces tactical precision-strike loitering munitions (man-portable 'kamikaze' drones that function as guided munitions) for ground forces.
- Inclusion rationale
- Its Switchblade 300/600 loitering munitions drew a $186M US Army delivery order in February 2026 (Switchblade 600 Block 2 and Switchblade 300 Block 20), the Switchblade 400 was selected for an Army strike-drone prototype effort, and the company co-develops the turbojet-powered Jackal precision loitering munition with Northrop Grumman for the Army's Long Range Precision Munition program, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -8%
- 52-week-high proximity
- 35%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $274.5M
LMTLockheed Martin Corp.AdjacentRS 54
- Role
- Through its Missiles and Fire Control segment, LMT develops and mass-produces precision missiles and munitions including PAC-3 interceptors, THAAD, JASSM/LRASM cruise missiles, Javelin, HIMARS launchers, GMLRS rockets and PrSM.
- Inclusion rationale
- LMT and the U.S. government reached a 2026 deal to turbo-charge PAC-3 MSE output toward roughly 650 interceptors per year, while expanding GMLRS, HIMARS, Javelin and JASSM/LRASM lines to meet allied long-range precision-strike demand, making MFC a core munitions producer as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 82%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $679.5M
Sources
- Lockheed Martin and U.S. Government Reach Historic Deal to Turbo-Charge PAC-3 MSE Production for U.S. and AlliesLockheed Martin Corporation
- Lockheed Martin Corp Form 10-K (FY2025) — Missiles and Fire Control segmentU.S. Securities and Exchange Commission / Lockheed Martin Corporation
NOCNorthrop Grumman Corp.AdjacentRS 31
- Role
- NOC develops and produces tactical and strategic missiles, the propulsion (solid rocket motors) inside most US missiles, plus warheads, fuzes and medium/large-caliber ammunition.
- Inclusion rationale
- Northrop Grumman is prime on the AGM-88G AARGM-ER anti-radiation missile (new live-fire test announced Jan 2026 with IOC planned later in 2026) and is the dominant US solid rocket motor supplier, building a new Propulsion Innovation Center (completion 2H 2026) to roughly double SRM output toward 25,000 units/year by 2029, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- 1%
- 52-week-high proximity
- 71%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $491.5M
Sources
- U.S. Navy and Northrop Grumman Conduct New AARGM-ER Live-Fire TestThe Aviationist
- New Factory to Launch New Era in Missile ProductionNorthrop Grumman
RTXRTX CorporationAdjacentRS 68
- Role
- RTX's Raytheon segment is one of the world's largest producers of guided missiles and precision munitions, manufacturing the Tomahawk, AMRAAM, Standard Missile family (SM-3 IB/IIA, SM-6), and effectors at facilities in Tucson AZ, Huntsville AL, and Andover MA.
- Inclusion rationale
- On 2026-02-04 Raytheon signed five up-to-seven-year framework agreements with the US Department of War to expand munition output to roughly 2-4x current rates, targeting more than 1,000 Tomahawks, at least 1,900 AMRAAMs, and over 500 SM-6 missiles per year plus accelerated SM-3 IB/IIA production, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 92%
- A/D
- B
- RVOL
- 0.8x
- 50D dollar volume
- $1.0B
Sources
NODE 08
Military Drones & Autonomy
MixedRS 52
Makers of unmanned aircraft, loitering munitions, and the autonomy that flies and operates them.
Public companies in this stage: AVAV, ONDS, RCAT, UMAC, KTOS.
- Median RS
- RS 52
- Above 50D
- 50%
- Near high
- 0%
- Coverage
- 4/4 primary companies with RS
AVAVAeroVironment, Inc.PrimaryRS 14
- Role
- AeroVironment designs and manufactures small unmanned aircraft systems and autonomous strike/ISR drones for the US and allied militaries, plus a layered counter-drone portfolio.
- Inclusion rationale
- Its Autonomous Systems segment fields the Switchblade loitering-munition family, the Puma/RQ-20 and JUMP 20 UAS, and the new MAYHEM/Red Dragon variants, and following the ~$4.1B BlueHalo merger (closed May 2025) it added counter-UAS layers (Titan RF jammers, LOCUST laser, Freedom Eagle-1 interceptor); fiscal 2026 revenue surged (Q2 $472.5M, +151% YoY) on this drone demand, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -8%
- 52-week-high proximity
- 35%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $274.5M
Sources
- AeroVironment Sees Drone Demand Taking Off as Switchblade, Counter-Drone Capacity ExpandsYahoo Finance / MarketBeat
- AeroVironment, Inc. Q2 Fiscal 2026 Results (Form 8-K Exhibit 99.1)U.S. Securities and Exchange Commission / AeroVironment, Inc.
ONDSOndas Inc. Common StockPrimaryRS 66
- Role
- Through its Ondas Autonomous Systems (OAS) unit, ONDS designs, manufactures and operates autonomous military/security drones and counter-drone systems, including the Optimus fully automated UAS, the Iron Drone Raider counter-UAS interceptor, and Roboteam combat-proven tactical ground robots.
- Inclusion rationale
- OAS reported Q1 2026 revenue of $50.1M (>10x year-over-year) and ONDS raised full-year 2026 guidance to at least $390M, with the American Robotics Optimus drone added to the DoD/DCMA Blue UAS Cleared List of NDAA-compliant systems and active European airport counter-UAS deployments, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 0%
- 52-week-high proximity
- 54%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $697.7M
Sources
- Ondas Reports Record First Quarter 2026 Financial Results: Raises Full Year 2026 Revenue Forecast to $390 MillionOndas Inc. (Investor Relations)
- Ondas' American Robotics Optimus Drone Approved for Rapid Federal Procurement via DCMA Blue UAS Cleared ListOndas Inc. (Investor Relations)
- Ondas Inc. - Form 10-Q - FY2026U.S. Securities and Exchange Commission
RCATRed Cat Holdings, Inc. Common StockPrimaryRS 37
- Role
- RCAT designs and manufactures small military reconnaissance UAS through its Teal Drones subsidiary, supplying the U.S. Army's Short Range Reconnaissance (SRR) Program of Record and allied militaries with its Blue UAS-listed Black Widow drone.
- Inclusion rationale
- Teal Drones won the Army SRR Program of Record (acquisition objective of up to 5,880 Black Widow systems over a 5-year period) and continues to receive follow-on SRR purchase orders (e.g., a $9.5M U.S. Army order with deliveries in Q2 2026) plus NATO/NSPA and Asia-Pacific (incl. Japanese GSDF, 173 units) orders; Q1 2026 revenue grew 849% Y/Y to $15.5M, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -4%
- 52-week-high proximity
- 48%
- A/D
- C
- RVOL
- 0.8x
- 50D dollar volume
- $94.8M
Sources
- Red Cat Reports Q1 2026; Q1 Revenue Growth of 849% Y/Y; Gross Margins IncreaseRed Cat Holdings, Inc. (GlobeNewswire)
- Red Cat Announces Production Selection for U.S. Army Short Range Reconnaissance ProgramRed Cat Holdings, Inc. Investor Relations
- Red Cat subsidiary Teal Drones receives $9.5 million U.S. Army orderInvesting.com
UMACUnusual Machines, Inc.PrimaryRS 96
- Role
- Unusual Machines manufactures and supplies NDAA-compliant, U.S.-made drone components — brushless motors, flight controllers, electronic speed controllers (ESCs), FPV cameras, video transmitters, and goggles/headsets — that go into small military and government drone/counter-UAS platforms.
- Inclusion rationale
- Its Q1 2026 10-Q (filed 2026-05-14) reports $8.1M revenue (296% YoY) driven by B2B drone components, and the company is scaling its Orlando motor factory to ~15,000 motors/month while filling defense orders including a $2.1M NDAA-compliant component order and a $5M+ Powerus counter-UAS order, with the Trump administration reportedly in talks to fund domestic drone makers including UMAC, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 8%
- 52-week-high proximity
- 70%
- A/D
- B
- RVOL
- 0.9x
- 50D dollar volume
- $108.8M
Sources
- Unusual Machines, Inc. Form 10-Q for quarter ended March 31, 2026U.S. Securities and Exchange Commission (EDGAR)
- Unusual Machines Lands $2.1M NDAA-Compliant Drone OrderTipRanks
- Unusual Machines (NYSE: UMAC) lands $5M+ Powerus defense drone order (Form 8-K)StockTitan
KTOSKratos Defense & Security Solutions, Inc.AdjacentRS 21
- Role
- Kratos develops and produces jet-powered tactical unmanned aircraft and collaborative combat aircraft (the XQ-58A Valkyrie family) plus high-performance aerial target drones, a defining product line of its Unmanned Systems segment.
- Inclusion rationale
- In January 2026 the U.S. Marine Corps selected a Northrop Grumman-Kratos team to advance the XQ-58A Valkyrie as the Corps' first operational Collaborative Combat Aircraft, alongside Kratos' broader tactical/target drone family (Apollo, Athena, Airwolf, Thanatos), as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 1%
- 52-week-high proximity
- 40%
- A/D
- B
- RVOL
- 0.9x
- 50D dollar volume
- $241.8M
Sources
- Northrop Grumman to Advance Kratos XQ-58 Valkyrie Drone for Marine Corps 'Loyal Wingman' ProgramUSNI News
- XQ-58 Valkyrie / Uncrewed Tactical AircraftKratos Defense & Security Solutions
NODE 09
Military Aircraft & Airframes
WeakRS 38
Builders of military aircraft, rotorcraft, and airframe platforms.
Public companies in this stage: BA, EMBJ, TXT, GE, LMT, NOC.
- Median RS
- RS 38
- Above 50D
- 33%
- Near high
- 0%
- Coverage
- 3/3 primary companies with RS
BABoeing CompanyPrimaryRS 38
- Role
- Boeing is a prime designer, manufacturer, and sustainer of military fixed-wing combat, tanker, patrol, and trainer airframes through its Boeing Defense, Space & Security (BDS) segment.
- Inclusion rationale
- BDS builds and delivers the F-15EX Eagle II fighter (USAF planned fleet expanded toward 267 aircraft, ~$3B in FY2026 budget), the F/A-18 Super Hornet, the KC-46 Pegasus tanker, and the P-8 Poseidon, and reported Q1 2026 segment revenue of $7.6B with an $85.8B defense backlog, making military airframes a core/defining business, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -5%
- 52-week-high proximity
- 83%
- A/D
- E
- RVOL
- 1.2x
- 50D dollar volume
- $1.3B
Sources
- Boeing Co Reports Q1 2026 Results (Form 8-K, Exhibit 99.1) — Defense, Space & Security $7.6B revenue, $85.8B backlogU.S. Securities and Exchange Commission / Boeing (via StockTitan)
- Boeing Discloses 2025 Delivery Figures for Apache, F-15, F/A-18, Chinook, and PoseidonDefense Express
- Boeing's Regional Director on F-15EX for Saudi Arabia, Localizing Production (USAF F-15EX fleet to 267)AeroTime
EMBJEmbraer S.A. American Depositary Shares (Each representing Four Common Shares)PrimaryRS 55
- Role
- OEM of military airframes: KC-390 Millennium tactical transport and A-29 Super Tucano light attack/trainer, with a multi-billion-dollar defense backlog
- Inclusion rationale
- Embraer's Defense & Security unit (KC-390, A-29) is a genuine military-aircraft OEM with a ~$4.4B defense backlog; the NYSE ADR (renamed ERJ to EMBJ on 2026-02-02) is a liquid ~$10B-cap listing that strengthens a military-aircraft stage holding only BA and TXT, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 13%
- 52-week-high proximity
- —
- A/D
- A
- RVOL
- 0.8x
- 50D dollar volume
- $80.5M
Sources
TXTTextron, Inc.PrimaryRS 33
- Role
- Textron designs and manufactures complete military airframes through its Bell segment (military helicopters and tiltrotors) and Textron Aviation Defense (Beechcraft T-6 Texan II trainer and AT-6 Wolverine light-attack aircraft).
- Inclusion rationale
- Bell, a Textron subsidiary, is the prime contractor on the U.S. Army's Future Long-Range Assault Aircraft, officially named the MV-75 Cheyenne II in April 2026, while Textron Aviation Defense won a five-year $150M+ T-6 Texan II sustaining-engineering/program-management contract in April 2026; Bell segment revenue was $4.3B in 2025 (up 20%, driven by military volume on MV-75), as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -8%
- 52-week-high proximity
- 81%
- A/D
- E
- RVOL
- 0.7x
- 50D dollar volume
- $149.2M
Sources
- Textron Reports Fourth Quarter 2025 Results; Announces 2026 Financial OutlookTextron Inc.
- Future Long Range Assault Aircraft Officially Named MV-75 Cheyenne IITextron Inc.
- Textron Aviation Defense Awarded Five-Year Sustaining Engineering and Program Management Contract for Beechcraft T-6 Texan II FleetTextron Inc.
GEGE AerospaceAdjacentRS 61
- Role
- GE Aerospace is a propulsion and systems supplier to military airframers rather than an airframe builder, providing the engines and aircraft systems integrated into combat and trainer aircraft.
- Inclusion rationale
- GE does not build airframes, but it is the propulsion provider whose F110/F404/F414 engines and avionics/power systems are integrated into Boeing's F-15EX and T-7A, Lockheed Martin's F-16, and Saab's Gripen, with the F110 powering roughly 70% of advanced USAF F-16C/D aircraft; this is genuine but indirect, supplier-side exposure to the airframe stage, as of 2026-06.
- Confidence
- medium
- Sector
- Technology
- 50D distance
- -5%
- 52-week-high proximity
- 88%
- A/D
- A
- RVOL
- 0.7x
- 50D dollar volume
- $1.6B
Sources
- General Electric Company (GE Aerospace) Form 10-K for fiscal year ended December 31, 2025 (Defense & Systems: jet engines and avionics and power systems for commercial airframers and militaries)GE Aerospace / U.S. SEC
- GE F110 and F404/F414 Fighter Engines Expand Capability and Global PresenceGE Aerospace
LMTLockheed Martin Corp.AdjacentRS 54
- Role
- LMT's Aeronautics segment designs, manufactures, integrates and sustains advanced military aircraft and airframes, including the F-35 Lightning II, F-22 Raptor, C-130 Hercules and unmanned air vehicles.
- Inclusion rationale
- Per the FY2025 10-K (filed 2026-01-29), the F-35 fifth-generation stealth fighter is LMT's largest program at 27% of total consolidated sales and 67% of Aeronautics' 2025 sales, anchoring its position as a leading military airframe integrator as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 82%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $679.5M
Sources
- Lockheed Martin Corp Form 10-K (FY2025) — Aeronautics segment and F-35 programU.S. Securities and Exchange Commission / Lockheed Martin Corporation
- Lockheed Martin Reports Fourth Quarter and Full Year 2025 Financial ResultsLockheed Martin Corporation
NOCNorthrop Grumman Corp.AdjacentRS 31
- Role
- NOC designs and manufactures military airframes and major airframe structures, ranging from complete strategic bombers to large structural sections of fighters and naval surveillance aircraft.
- Inclusion rationale
- Through its Aeronautics Systems segment Northrop Grumman builds the B-21 Raider and legacy B-2 bombers, produces the center fuselage for all three F-35 variants (delivered its 1,500th F-35 center fuselage on 2026-01-12), and builds the E-2D Advanced Hawkeye and MQ-4C Triton, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- 1%
- 52-week-high proximity
- 71%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $491.5M
Sources
- Northrop Grumman Delivers 1,500th F-35 Lightning II Center FuselageNorthrop Grumman
- Northrop Grumman Corp /DE/ Form 10-Q (Q1 2026) — Aeronautics Systems segmentU.S. Securities and Exchange Commission (EDGAR)
NODE 11
Defense Space & Launch
MixedRS 59
Launch providers and space-vehicle builders that put defense and commercial payloads into orbit.
Public companies in this stage: KRMN, LUNR, RDW, RKLB, VOYG, KTOS, LMT, NOC.
- Median RS
- RS 59
- Above 50D
- 40%
- Near high
- 0%
- Coverage
- 5/5 primary companies with RS
KRMNKarman Holdings Inc.PrimaryRS 21
- Role
- Karman designs and manufactures mission-critical launch-vehicle hardware — payload protection/deployment (fairings, separation systems), aerodynamic interstage structures, and propulsion/energetic systems — supplied as qualified content to commercial and government space-launch programs.
- Inclusion rationale
- Space & Launch was Karman's largest end-market at 36.9% of its $471.5M FY2025 revenue, and its flight-proven content spans tip-to-tail hardware on the GEM 63XL solid rocket boosters plus dynamic and energetic systems across United Launch Alliance's Vulcan launch vehicle; in October 2025 its Systima facility in Mukilteo, WA received $5.0M in Defense Production Act Title III funding to expand solid rocket motor (SRM) nozzle capacity, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 0%
- 52-week-high proximity
- 43%
- A/D
- D
- RVOL
- 0.7x
- 50D dollar volume
- $173.4M
Sources
- Karman Holdings Inc. Form 10-K (FY2025)U.S. Securities and Exchange Commission (EDGAR)
- Space & Launch — Karman Space & DefenseKarman Space & Defense
LUNRIntuitive Machines, Inc. Class A Common StockPrimaryRS 59
- Role
- Intuitive Machines is a space services prime that builds and operates Nova-class lunar landers and is deploying a NASA cislunar communications/navigation network, plus national-security space-domain-awareness and missile-tracking constellations — though it does not itself provide rocket launch vehicles (it rides SpaceX Falcon 9).
- Inclusion rationale
- In Q1 2026 LUNR booked $428.9M of new awards including a Space Development Agency Proliferated Warfighter Space Architecture Tranche 3 tracking-layer contract and selection for the U.S. Space Force Andromeda space-domain-awareness IDIQ (up to $6.2B ceiling), alongside its $4.8B NASA Near Space Network and a fifth CLPS lunar-lander task order ($180.4M, Nova-D class), reporting record $186.7M revenue and a $1.1B backlog; its 'launch' role is as a payload/spacecraft provider rather than a launch-vehicle operator, as of 2026-06.
- Confidence
- medium
- Sector
- Healthcare
- 50D distance
- -3%
- 52-week-high proximity
- 36%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $202.7M
Sources
- Intuitive Machines Q1 revenue hits record $186.7M (Q1 2026 financial results, including SDA PWSA Tranche 3 and U.S. Space Force Andromeda IDIQ awards)StockTitan
- Intuitive Machines Expands Lunar Surface Operations with $180.4 Million NASA CLPS Award (Nova-D lunar lander, IM-5)Intuitive Machines, Inc. (Investor Relations)
- LUNR Q1 2026 Earnings Transcript (Near Space Network Services $4.8B 10-year contract, $1.1B backlog, 2026 guidance)The Motley Fool
RDWRedwire CorporationPrimaryRS 72
- Role
- Redwire supplies the spacecraft platforms and critical flight hardware that go to orbit — VLEO satellite buses (SabreSat), roll-out solar arrays (ROSA), structures, robotic arms, and digital-engineering integration — rather than launch vehicles themselves.
- Inclusion rationale
- Redwire is DARPA's prime mission integrator on the Otter program, winning a $44M Phase 2 contract in November 2025 to manufacture and deliver its SabreSat very-low-Earth-orbit spacecraft to launch, and in April 2026 was selected by U.S. Space Force Space Systems Command as one of 14 vendors competing under a $1.8B program to build space surveillance and reconnaissance satellites; it also builds ROSA solar wings for the ISS, NASA's Gateway, and Axiom Station, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 2%
- 52-week-high proximity
- 43%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $255.7M
Sources
- Redwire Awarded $44 Million DARPA Contract to Advance Very Low-Earth Orbit MissionRedwire Corporation (Investor Relations)
- Redwire Awarded Contract to Provide Roll-Out Solar Arrays for Axiom Space's First Space Station ModuleRedwire Corporation (Investor Relations)
- Space Stock Redwire Corporation (NYSE: RDW) Rockets on Contract News (Space Force SSC $1.8B satellite program selection)Investorideas.com
RKLBRocket Lab Corporation Common StockPrimaryRS 47
- Role
- Rocket Lab is a defense launch provider operating the Electron small-lift rocket and its HASTE suborbital variant for hypersonic test flights, and is bringing the medium-lift Neutron rocket to market for national-security and commercial launch.
- Inclusion rationale
- In Q1 2026 Rocket Lab booked a ~$190M block buy of 20 HASTE hypersonic test launches for the U.S. Department of War and in May 2026 was selected with Raytheon to demonstrate the U.S. Space Force's Space Based Interceptor program, while management reiterated a 2026 maiden Neutron flight, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -16%
- 52-week-high proximity
- 45%
- A/D
- D
- RVOL
- 0.8x
- 50D dollar volume
- $2.0B
Sources
VOYGVoyager Technologies, Inc.PrimaryRS 71
- Role
- Voyager supplies propulsion subsystems for space launch and missile systems (controllable solid rocket motors plus in-space ion-thruster power units) and, via its pending Astrobotic acquisition, lunar-delivery landers and reusable-rocket programs.
- Inclusion rationale
- Voyager's propulsion line targets civil, commercial and military space launch systems, interceptors and hypersonics, and in May 2026 it won a $16.5M DARPA Burn n' Go Phase 2 contract for propellant-embedded solid-rocket-motor thrust control; it also agreed on 2026-06-02 to acquire reusable-rocket and lunar-lander developer Astrobotic (Peregrine/Griffin) for up to ~$300M, with close expected early July 2026, as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- 7%
- 52-week-high proximity
- 68%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $67.9M
Sources
- Voyager wins $16.5M DARPA contract for rocket motor techStockTitan
- Voyager to Acquire Astrobotic Technology, Accelerating America's Path to the MoonVoyager Technologies
- Voyager Technologies, Inc./DE - Form 424B4 IPO Prospectus (NYSE: VOYG)U.S. Securities and Exchange Commission
KTOSKratos Defense & Security Solutions, Inc.AdjacentRS 21
- Role
- Kratos provides software-defined satellite ground systems (OpenSpace) and command-and-control/TT&C software, serves as prime for resilient missile-warning/tracking ground integration, and supplies rocket/launch systems for suborbital and hypersonic flight test.
- Inclusion rationale
- In 2026 Kratos received a $446.8M Space Systems Command OTA to serve as prime contractor for Ground Management & Integration on the Resilient Missile Warning and Tracking program, deployed its OpenSpace platform for LEO operations, and provides suborbital/hypersonic test launch under MACH-TB 2.0, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 1%
- 52-week-high proximity
- 40%
- A/D
- B
- RVOL
- 0.9x
- 50D dollar volume
- $241.8M
Sources
- Kratos Receives $446.8 Million Space Systems Command Contract for Resilient Missile Warning and Missile Tracking Ground Management & Integration (GMI)GlobeNewswire (Kratos Defense & Security Solutions)
- SSC Space Deploys Kratos' OpenSpace Platform in its New Service for LEO Missions: SSC Space GoKratos Defense & Security Solutions
LMTLockheed Martin Corp.AdjacentRS 54
- Role
- LMT's Space segment builds military and civil satellites, missile-warning/tracking spacecraft, strategic and missile-defense systems, and human-spaceflight hardware, though it is a payload/spacecraft prime rather than a commercial launch-vehicle operator.
- Inclusion rationale
- LMT is producing 18 Tranche 2 Tracking Layer satellites (launching on Falcon 9 from Q4 2026), won an SDA Tranche 3 Tracking Layer award worth more than $1 billion, builds Next Gen OPIR missile-warning satellites, and launched GPS III SV09 on 2026-01-27 — but it relies on third-party launchers (e.g., ULA, SpaceX) rather than fielding its own rockets, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 82%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $679.5M
Sources
- Lockheed Martin secures Tracking Layer contract from Space Development AgencyPR Newswire / Lockheed Martin Corporation
- Lockheed Martin Outlines Strategic Space Technology Roadmap for 2026SatNews
NOCNorthrop Grumman Corp.AdjacentRS 31
- Role
- NOC builds launch vehicles and provides launch services, and is a key merchant supplier of solid rocket boosters/motors that power other companies' launch vehicles.
- Inclusion rationale
- Northrop Grumman's Space Systems segment provides the Antares and Minotaur launch vehicle families and supplies GEM-63/GEM-63XL strap-on boosters and Castor motors to ULA's Atlas V/Vulcan, with its Q1 2026 10-Q recording a ~$71M unfavorable adjustment on GEM 63XL tied to a launch anomaly during Q1 2026, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- 1%
- 52-week-high proximity
- 71%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $491.5M
Sources
- Space Launch — Launch Vehicles (Antares, Minotaur family)Northrop Grumman
- Northrop Grumman Corp /DE/ Form 10-Q (Q1 2026) — GEM 63XL adjustment, Space SystemsU.S. Securities and Exchange Commission (EDGAR)
NODE 12
Satellite & Space Payloads
WeakRS 89
Satellite operators and payload makers providing communications, connectivity, and Earth-observation from orbit.
Public companies in this stage: ASTS, BKSY, GSAT, IRDM, PL, SATS, VSAT, RKLB.
- Median RS
- RS 89
- Above 50D
- 17%
- Near high
- 0%
- Coverage
- 6/7 primary companies with RS
ASTSAST SpaceMobile, Inc. Class A Common StockPrimaryRS 26
- Role
- ASTS designs and manufactures its BlueBird satellites and their large phased-array communications payloads in-house, building the space-based direct-to-device cellular broadband payloads that anchor its constellation and its dual-use government/defense connectivity offerings.
- Inclusion rationale
- AST SpaceMobile launched BlueBird 6 in December 2025 carrying the largest commercial phased-array communications payload ever deployed in LEO (nearly 2,400 sq ft, ~3.5x the area of BlueBirds 1-5), and operates ~400,000 sq ft of US satellite manufacturing (Texas and Florida) to scale Block 2 payload production toward 45-60 satellites by end-2026; its $30M SDA HALO Europa Track 2 prime contract (Feb 2026, via defense subsidiary AST SpaceMobile USA) tasks these BlueBird payloads with resilient tactical SATCOM demonstrations, as of 2026-06.
- Confidence
- high
- Sector
- Communication Services
- 50D distance
- -11%
- 52-week-high proximity
- 47%
- A/D
- E
- RVOL
- 1.0x
- 50D dollar volume
- $1.2B
Sources
- AST SpaceMobile Announces Successful Orbital Launch of BlueBird 6, the Largest Commercial Communications Array Ever Deployed in Low Earth OrbitBusiness Wire (AST SpaceMobile, Inc.)
- AST SpaceMobile Awarded $30 Million Prime Contract by U.S. Space Development Agency (HALO Europa Track 2)StockTitan (AST SpaceMobile press release)
- AST SpaceMobile, Inc. Form 10-Q (FY2026, period ended 2026-03-31)U.S. Securities and Exchange Commission (EDGAR)
BKSYBlackSky Technology Inc.PrimaryRS 62
- Role
- BlackSky designs, builds and operates very-high-resolution electro-optical Earth-imaging payloads aboard its Gen-3 satellites and is developing advanced large-aperture optical payloads for next-generation Earth-observation and space-domain-awareness platforms.
- Inclusion rationale
- BlackSky's Gen-3 satellites carry 35cm-class (NIIRS-5+) electro-optical imaging payloads, with four Gen-3 spacecraft operational and a target of at least eight on orbit by year-end; on 2026-03-31 it won a multi-year sole-source $99M AFRL IDIQ contract to design advanced large-aperture optical payloads for Earth observation and space domain awareness, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -3%
- 52-week-high proximity
- 48%
- A/D
- E
- RVOL
- 0.7x
- 50D dollar volume
- $36.9M
Sources
- BlackSky Awarded Multi-Year Sole-Source $99 Million US Government IDIQ Contract for Advanced, Next Generation CapabilitiesBlackSky Technology Inc.
- Air Force lab awards BlackSky contract worth up to $99 million for large optical satellite payloadSpaceNews
- BlackSky Technology Inc. Form 8-K Exhibit 99.1 - Q1 2026 Earnings ReleaseU.S. Securities and Exchange Commission (BlackSky Technology Inc.)
GSATGlobalstar, Inc. Common StockPrimaryRS 91
- Role
- Globalstar owns and operates a low-Earth-orbit mobile satellite services (MSS) constellation, providing the in-orbit space payloads (L-band uplink/S-band downlink) that deliver voice, data and wholesale satellite-capacity services, including the capacity behind Apple's direct-to-device Emergency SOS.
- Inclusion rationale
- Per its FY2025 10-K, Globalstar operates a LEO constellation using L-band (1610-1618.725 MHz) uplink and S-band (2483.5-2500 MHz) downlink and is taking delivery of 17 MDA Space-built replacement satellites in 2026 plus 50+ third-generation C-3 satellites under a Feb 2025 agreement, with HIBLEO-4 replenishment satellites launched on a SpaceX Falcon 9 on May 17, 2026; it is the operator/owner of the orbital payloads rather than the payload manufacturer (MDA Space builds the satellites), so it sits at the operate-the-payload end of this stage, as of 2026-06.
- Confidence
- medium
- Sector
- Communication Services
- 50D distance
- 1%
- 52-week-high proximity
- 97%
- A/D
- C
- RVOL
- 0.5x
- 50D dollar volume
- $95.6M
Sources
- Globalstar, Inc. Form 10-K (FY2025, fiscal year ended December 31, 2025)U.S. Securities and Exchange Commission (EDGAR)
- Globalstar Announces Upcoming HIBLEO-4 Satellite Replenishment Launch with SpaceXGlobalstar, Inc. Investor Relations
- Globalstar Signs Contract With MDA for New SatellitesGlobalstar, Inc. Investor Relations
IRDMIridium Communications Inc.PrimaryRS 94
- Role
- Iridium operates a 66-satellite LEO constellation whose second-generation (NEXT) buses carry both its own L-band communications/PNT payloads and third-party hosted payloads, and it sells the satellite communications, hosted-payload, and positioning data services those payloads generate to commercial, government, and defense customers.
- Inclusion rationale
- Iridium's FY2025 10-K and Q3/Q4 2025 results describe a cross-linked LEO constellation hosting payloads for Aireon (aircraft surveillance) and L3Harris/exactEarth (AIS maritime tracking), with hosted-payload and data-service revenue of $18.7M in Q3 2025 (up 14% YoY, driven by its Satellite Time and Location PNT service), plus three core U.S. Space Force EMSS contracts including the new ~$85.8M five-year SITH infrastructure award (Dec 2, 2025), as of 2026-06.
- Confidence
- high
- Sector
- Communication Services
- 50D distance
- -2%
- 52-week-high proximity
- 83%
- A/D
- C
- RVOL
- 0.5x
- 50D dollar volume
- $104.9M
Sources
- Iridium Communications Inc. Form 10-K (FY2025), irdm-20251231U.S. Securities and Exchange Commission (EDGAR)
- Iridium Communications Inc. Form 8-K — Q4 2025 results press releaseU.S. Securities and Exchange Commission (EDGAR)
- Iridium Awarded 5-Year System Infrastructure Transformation and Hybridization Contract Worth Up to $85.8 MillionIridium Communications Inc. (Investor Relations)
- Iridium Receives Space Force Award Up to $85.8M for EMSS UpgradesVia Satellite
PLPlanet Labs PBCPrimaryRS 86
- Role
- Planet Labs designs, builds, and operates its own Earth-observation satellite payloads and spacecraft — the SuperDove optical Doves, the Tanager hyperspectral imager, and the high-resolution Pelican constellation — and sells the imagery/analytics to defense, intelligence, and government customers.
- Inclusion rationale
- Planet operates three in-house imaging constellations (SuperDove, Tanager hyperspectral, and the now-nine-satellite ~50cm Pelican fleet using NVIDIA Jetson on-orbit edge compute, with Gen 2 Pelicans targeting 30cm launching later in 2026); FY2026 revenue was $307.7M with 59% from Defense & Intelligence customers including NRO (EOCL/PlanetScope), NGA, and a €240M German government Pelican capacity deal, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -14%
- 52-week-high proximity
- 42%
- A/D
- D
- RVOL
- 0.8x
- 50D dollar volume
- $248.6M
Sources
- Planet Labs PBC - Form 10-Q (Q1 FY2027, period ended April 30, 2026)U.S. Securities and Exchange Commission (EDGAR)
- Planet Labs launches three more Pelican satellites as $900M backlog and defence contracts drive first profitable yearThe Next Web
- Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2026Business Wire / Planet Labs PBC
- Planet Highlights Defense Momentum With $280M German Government DealVia Satellite
SATSCompany name unavailablePrimaryRS --
- Role
- EchoStar (via Hughes Network Systems) is a satellite owner/operator that designs the JUPITER high-throughput Ka-band payload architecture, ESA terminals, and ground systems for its GEO fleet, and is deploying the S-band/2GHz Lyra LEO constellation — but it does not manufacture the flight payload hardware itself.
- Inclusion rationale
- EchoStar's FY2025 10-K describes it as owner/operator of a fleet of nine S-band MSS, Ka-FSS and Ku-FSS GEO satellites plus the newly launched Lyra NGSO satellites, yet the actual payloads/spacecraft are built by third parties — Maxar built the JUPITER 3 (EchoStar XXIV) payload and EchoStar selected MDA Space to build the Lyra LEO constellation — so its role in this stage is as payload architect/operator/customer rather than a payload OEM, as of 2026-06.
- Confidence
- low
- Sector
- Other
No market evidence is available for SATS in this snapshot.
Sources
- Hughes Satellite Systems Corp - Form 10-K (FY2025)U.S. Securities and Exchange Commission (EchoStar / Hughes Satellite Systems Corp.)
- EchoStar Selects MDA Space for World's First Open RAN Broadband NTN LEO ConstellationEchoStar Corporation Investor Relations
- EchoStar and Maxar Amend Agreement for Hughes JUPITER 3 Satellite ProductionSpaceNews
VSATViasat IncPrimaryRS 93
- Role
- Viasat designs and builds the high-capacity Ka-band communications payloads for its own ViaSat-3 broadband satellites and supplies hosted/dedicated payloads for government missions, assembling the payload hardware in-house and integrating it onto a third-party bus.
- Inclusion rationale
- For each of the three ViaSat-3 class satellites Viasat builds the satellite payload (assembled from over 40 units of payload hardware at its Tempe, Arizona facility) while Boeing provides the 702 bus and integration, and in May 2025 Viasat's GX10A/GX10B Ka-band HEO payloads entered service for polar/government coverage; the final ViaSat-3 F3 launched April 2026 and is designed to deliver over 1 Tbps for the Asia-Pacific region, as of 2026-06.
- Confidence
- high
- Sector
- Communication Services
- 50D distance
- -3%
- 52-week-high proximity
- 78%
- A/D
- D
- RVOL
- 0.7x
- 50D dollar volume
- $188.8M
Sources
- A ViaSat-3 satellite journey from factory to spaceViasat, Inc.
- Viasat, Inc. Form 10-K for fiscal year ended March 31, 2026U.S. Securities and Exchange Commission
- Viasat's Arctic Broadband Dedicated Coverage Advances as Payloads Enter Service Onboard Space Norway's Arctic Satellite Broadband Mission SpacecraftViasat, Inc.
RKLBRocket Lab Corporation Common StockAdjacentRS 47
- Role
- Through its Space Systems segment Rocket Lab designs and builds complete spacecraft and supplies satellite subsystems and payload components — star trackers, reaction wheels, solar panels, separation systems, electric thrusters and, via the acquired Mynaric line, laser optical (CONDOR) communications terminals.
- Inclusion rationale
- Rocket Lab is a defense satellite prime on the SDA Transport Layer-Beta Tranche 2 (~$515M, 18 satellites) and Tracking Layer Tranche 3 (~$816M, 18 satellites) programs and closed its $155.3M acquisition of laser-comms supplier Mynaric on April 14, 2026, while also winning a $90M Space Force contract to host the Heimdall space-domain-awareness payload, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -16%
- 52-week-high proximity
- 45%
- A/D
- D
- RVOL
- 0.8x
- 50D dollar volume
- $2.0B
Sources
- Rocket Lab Completes Mynaric Acquisition, Adding Laser Optical Communications To Growing Space Systems PortfolioRocket Lab Corporation / GlobeNewswire
- Rocket Lab Awarded $816M Prime Contract to Build Missile-Defense Satellite Constellation for U.S. Space ForceRocket Lab Corporation
NODE 13
Prime Contractors & System Integrators
MixedRS 54
Prime contractors and lead system integrators that design, integrate, and deliver complete defense platforms and programs.
Public companies in this stage: GD, LHX, LMT, NOC, RTX.
- Median RS
- RS 54
- Above 50D
- 80%
- Near high
- 0%
- Coverage
- 5/5 primary companies with RS
GDGeneral Dynamics CorporationPrimaryRS 61
- Role
- GD is a top-tier US defense prime contractor and system integrator, designing and delivering complete weapons platforms across four segments: combat vehicles (Abrams tank, Stryker), nuclear submarines and warships, Gulfstream-derived special-mission aircraft, and C5ISR mission systems.
- Inclusion rationale
- GD reported Q1 2026 total revenue of $13.5 billion across its Aerospace, Marine Systems, Combat Systems and Technologies segments with total estimated contract value of $188.4 billion (including $130.8 billion backlog), and its Land Systems unit remains the Abrams/Stryker prime — winning a fixed-price-incentive award on 2026-05-15 for 50 Stryker Double V-Hull A1 vehicles, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 2%
- 52-week-high proximity
- 96%
- A/D
- B
- RVOL
- 0.8x
- 50D dollar volume
- $435.5M
Sources
- General Dynamics Reports First-Quarter 2026 Financial ResultsGeneral Dynamics Corporation
- General Dynamics to build Stryker Double V-Hull A1 armored combat vehicles with networking and vetronicsMilitary & Aerospace Electronics
LHXL3Harris Technologies, Inc.PrimaryRS 25
- Role
- L3Harris acts as a top-tier US defense prime and system integrator, designing, integrating and delivering complete platforms and end-to-end mission systems across air, space, missiles and battlefield networks.
- Inclusion rationale
- Effective January 5, 2026 L3Harris reorganized into three prime-scale segments (Space & Mission Systems ~$13B, Communications & Spectrum Dominance ~$9B, Missile Solutions ~$6.3B target) and integrates whole systems such as the Sky Warden / Red Wolf strike-ISR aircraft and Space Development Agency Tranche missile-tracking spacecraft (18 satellites, up to $843M), posting Q1 CY26 revenue of $5.74B and a record $40.7B backlog as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- -9%
- 52-week-high proximity
- 69%
- A/D
- C
- RVOL
- 0.9x
- 50D dollar volume
- $456.0M
Sources
- L3Harris Technologies Reports First Quarter 2026 Results (Form 8-K, Q1 CY26 earnings exhibit 99.1)U.S. Securities and Exchange Commission (EDGAR)
- L3Harris Technologies Reports Strong Full Year and Fourth Quarter 2025 Results, Initiates 2026 Guidance (three-segment reorganization)L3Harris Technologies Investor Relations
LMTLockheed Martin Corp.PrimaryRS 54
- Role
- LMT is the world's largest defense prime contractor and systems integrator, designing, building and sustaining complete weapon systems and integrating subsystems from a broad supplier base into delivered platforms across air, land, sea and space.
- Inclusion rationale
- Per its FY2025 Form 10-K (filed 2026-01-29), LMT operates four integrating segments (Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, Space), runs the F-35 — the largest weapons program in history at 27% of consolidated sales — and carries a backlog of roughly $186 billion, deriving nearly 75% of sales from the U.S. government as a prime, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 82%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $679.5M
Sources
- Lockheed Martin Corp Form 10-K (FY2025)U.S. Securities and Exchange Commission / Lockheed Martin Corporation
- Lockheed Martin Reports First Quarter 2026 Financial Results (Form 8-K Exhibit 99.1)U.S. Securities and Exchange Commission / Lockheed Martin Corporation
NOCNorthrop Grumman Corp.PrimaryRS 31
- Role
- NOC is a top-tier US defense prime contractor and system integrator that designs, builds and integrates entire weapon systems across air, space, missiles, sensors and cyber for the US government and allies.
- Inclusion rationale
- Northrop Grumman is the prime contractor on the B-21 Raider next-generation stealth bomber (USAF raised the planned production rate ~25% in Feb 2026) and the Sentinel (LGM-35A) ICBM ground-based strategic deterrent, operating through four reportable segments (Aeronautics, Defense, Mission and Space Systems) with Q1 2026 revenue of ~$9.9B, as of 2026-06.
- Confidence
- high
- Sector
- Healthcare
- 50D distance
- 1%
- 52-week-high proximity
- 71%
- A/D
- C
- RVOL
- 0.6x
- 50D dollar volume
- $491.5M
Sources
- Northrop Grumman Corp /DE/ Form 10-Q (Q1 2026, period ended 2026-03-31)U.S. Securities and Exchange Commission (EDGAR)
- Northrop Grumman Corp /DE/ Form 8-K Q1 2026 Earnings ReleaseU.S. Securities and Exchange Commission (EDGAR)
RTXRTX CorporationPrimaryRS 68
- Role
- RTX, through its Raytheon segment, is the prime contractor and system integrator for major US/allied air-and-missile-defense systems including the Patriot, NASAMS, the LTAMDS radar, and naval SPY-6 radar / Standard Missile fire-control architectures.
- Inclusion rationale
- Raytheon is the prime contractor for the Patriot and NASAMS systems and leads the Patriot launcher and the new LTAMDS (Lower Tier Air and Missile Defense Sensor) radar that is replacing legacy Patriot radars, with LTAMDS production ramping as of 2026; the Raytheon segment generated ~$28B of revenue in FY2025, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 3%
- 52-week-high proximity
- 92%
- A/D
- B
- RVOL
- 0.8x
- 50D dollar volume
- $1.0B
Sources
- RTX Corporation Form 10-K (FY2025), Item 1 Business — Raytheon segment / air and missile defenseU.S. Securities and Exchange Commission (RTX Corporation)
- RTX Corporation (NYSE:RTX) Q1 2026 Earnings Call Transcript — Patriot, NASAMS, Coyote, LTAMDS productionInsider Monkey
NODE 14
Defense IT, Software & Services
MixedRS 54
Defense IT, software, mission services, training, and sustainment that operate and support fielded capability.
Public companies in this stage: AIR, AXON, BAH, BBAI, CACI, CAE, KBR, LDOS, PLTR, PSN, SAIC, VVX, DRS, GD.
- Median RS
- RS 54
- Above 50D
- 58%
- Near high
- 0%
- Coverage
- 12/12 primary companies with RS
AIRAAR Corp.PrimaryRS 87
- Role
- AAR provides government/defense aviation services and aftermarket software, performing fleet sustainment, depot maintenance and logistics for military customers through its Government Solutions segment while also selling aviation MRO/ERP software (Trax eMRO/eMobility, Aerostrat, Airvoyant) via its Repair, Engineering & Software segment.
- Inclusion rationale
- AAR's Government Solutions segment performs defense sustainment programs including the U.S. Air Force F-16 depot modification/support, an ~$305M Navy/Marine Corps C-40A logistics support award (2026-04-14) and up to ~$450M in 463L cargo-pallet contracts (2026-03-24), while its software franchise (Trax cloud ERP used by 10,000+ aircraft, plus the AWS-based Airvoyant procurement platform launched 2026-04-21) is predominantly commercial aviation rather than dedicated defense IT, making the defense-software fit partial, as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- -3%
- 52-week-high proximity
- 87%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $67.6M
Sources
- AAR CORP. Form 8-K — operating segment realignment (Parts Supply; Repair, Engineering & Software; Government Solutions; Legacy Commercial Programs)U.S. Securities and Exchange Commission (AAR CORP.)
- AAR awarded $450 million in pallet contracts for U.S. Air ForceAAR CORP.
- AAR Software — Trax, Aerostrat, Airvoyant, Airinmar (aviation MRO/ERP platforms)AAR CORP.
- AAR launches Airvoyant, an AI-driven procurement platform for airlines and MROsPR Newswire
AXONAxon Enterprise, Inc. Common StockPrimaryRS 79
- Role
- Axon supplies cloud-hosted public-safety and national-security software — digital evidence management (Axon Evidence/Evidence.com), records management, real-time operations (Axon Fusus), and AI productivity tools — to federal civilian and defense departments and agencies.
- Inclusion rationale
- Axon's Software and Services segment is built on cloud SaaS that drove $1.3B in annual recurring revenue as of December 31, 2025, and its customer base explicitly includes U.S. federal government and defense departments/agencies, though its dominant market is municipal/state law enforcement rather than DoD prime defense IT, as of 2026-06.
- Confidence
- medium
- Sector
- Industrials
- 50D distance
- 10%
- 52-week-high proximity
- 75%
- A/D
- A
- RVOL
- 0.7x
- 50D dollar volume
- $542.5M
Sources
- Axon Enterprise, Inc. Form 10-K for fiscal year ended December 31, 2025U.S. Securities and Exchange Commission
- Axon reports Q4 2025 revenue of $797 million, up 39% year over year (Form 8-K Ex-99.1)U.S. Securities and Exchange Commission
- Axon Accelerates Real-Time Operations Solution with Strategic Acquisition of FususAxon Enterprise, Inc. (Investor Relations)
BAHBooz Allen Hamilton Holding CorporationPrimaryRS 30
- Role
- Booz Allen Hamilton is a prime contractor delivering defense IT modernization, mission software, data/AI engineering, cyber, and digital-transformation services to U.S. defense and intelligence agencies.
- Inclusion rationale
- Defense customers generated $5.9 billion (~49% of $12.0B total revenue) in FY2025 and intelligence customers another $1.9 billion (~16%); named current programs include the GSA/DoD $800M Joint Warfighter AI task order, the $1.58B DIA WAEDS counter-WMD intelligence-analysis task order, and a May 2026 Golden Dome space-based interceptor prototype award, confirming defense IT/software/services as its core business as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 9%
- 52-week-high proximity
- 67%
- A/D
- D
- RVOL
- 1.0x
- 50D dollar volume
- $161.7M
Sources
- Booz Allen Hamilton Holding Corp Form 10-K (fiscal year ended March 31, 2025)U.S. Securities and Exchange Commission
- Booz Allen Secures $1.58 Billion Contract for Intelligence Analysis to Counter Weapons of Mass DestructionBooz Allen Hamilton Investor Relations
- Booz Allen Hamilton Wins Golden Dome Contract for Space Interceptor PrototypeThe Defense Post
BBAIBigBear.ai Holdings, Inc.PrimaryRS 13
- Role
- BigBear.ai supplies mission-ready AI software and services to U.S. defense, national security, and intelligence customers, including decision-support analytics, computer vision/biometrics, predictive logistics, and a FedRAMP-authorized generative AI platform.
- Inclusion rationale
- BigBear.ai was founded to serve defense and national-security missions and unites AI, computer vision, predictive analytics, and biometrics; it deepened this core in late 2025 by closing the ~$250M acquisition of Ask Sage, a FedRAMP-authorized generative AI platform for defense and intelligence users, and reported total contract backlog of ~$281.9M (including a $53M classified sole-source military award) as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -6%
- 52-week-high proximity
- 33%
- A/D
- D
- RVOL
- 0.7x
- 50D dollar volume
- $84.2M
Sources
- BigBear.ai Holdings, Inc. Form 10-K (FY2025)U.S. Securities and Exchange Commission (EDGAR)
- BigBear.ai Holdings, Inc. Form 8-K — First Quarter 2026 Earnings ReleaseU.S. Securities and Exchange Commission (EDGAR)
- BigBear.ai Closes Ask Sage Deal As Generative AI Joins Defense FocusYahoo Finance
CACICACI INTERNATIONAL CLAPrimaryRS 70
- Role
- CACI is a primary US-government IT, software and mission-services prime contractor, delivering agile/software-defined software development, IT and network modernization, electronic warfare, and intelligence and mission technology to the DoD and the intelligence community.
- Inclusion rationale
- In Q1 FY2026 CACI reported $2.3B revenue (+11.2% YoY) with $33.9B backlog and recent awards including a $306M Defense Logistics Agency software development task order, a $287M Army IPPS-A modernization contract, and a 10-year $423M intelligence-community software-defined technology contract, and the firm describes itself as a national-security technology company serving primarily US government agencies, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 21%
- 52-week-high proximity
- 93%
- A/D
- A
- RVOL
- 1.0x
- 50D dollar volume
- $154.5M
Sources
- CACI International Inc Form 10-Q for the quarter ended March 31, 2026U.S. Securities and Exchange Commission (EDGAR)
- CACI Posts 11.2% Revenue Growth in Q1 Fiscal 2026GovCon Wire
- CACI Books $306M DLA Task Order for Software Development SupportGovCon Wire
CAECAE Inc. Common SharesPrimaryRS 37
- Role
- CAE acts as a defense training and mission systems integrator, delivering simulation software, integrated learning-management systems, courseware, synthetic-environment software, and long-running in-service support and instructor/training services to armed forces.
- Inclusion rationale
- CAE's Defense & Security segment (FY2026, ended March 31, 2026: US revenue/CAD ~$2.17B and ~$10.8B adjusted backlog) supplies software-and-services such as acting as Joint Synthetic Environment (JSE) integrator for the USAF and USN, developing prototype multi-domain simulation software under the Air Force STAR-FISH initiative, and running rotary- and fixed-wing flight-training instructor support services for the U.S. Army, fitting the IT/software/services stage—though CAE is a training/simulation specialist rather than a broad enterprise- or cyber-IT prime, as of 2026-06.
- Confidence
- medium
- Sector
- Technology
- 50D distance
- -3%
- 52-week-high proximity
- 72%
- A/D
- D
- RVOL
- 1.1x
- 50D dollar volume
- $16.6M
Sources
- CAE reports fourth quarter and full fiscal year 2026 results and targets significant cost savings and profitability growth as part of transformation planCAE Inc. (via PR Newswire)
- Training Systems Integration | CAE Defense & SecurityCAE Inc.
- CAE USA wins US$450 million Army contract to provide rotary-wing flight training instructor support servicesCAE Inc.
KBRKBR, Inc.PrimaryRS 37
- Role
- KBR supplies defense IT, software, data analytics, cyber, C5ISR, digital engineering and systems-integration services to the US, UK and Australian militaries and intelligence agencies through its Mission Technology Solutions (formerly Government Solutions) segment.
- Inclusion rationale
- Mission Technology Solutions is KBR's core government services business at roughly $5.8B trailing revenue (~72% of corporate sales), and in 2026 it won a $510M IDIQ to provide joint data and analytic support to the Office of the Secretary of War (CAPE/JDS) and a $200M recompete to deliver AI-driven IT and systems-engineering work for the US DOT Volpe Center, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 5%
- 52-week-high proximity
- 72%
- A/D
- B
- RVOL
- 0.6x
- 50D dollar volume
- $60.6M
Sources
- KBR, Inc. Form 10-K (Fiscal Year 2025) — Government Solutions / Mission Technology Solutions segment description (R&D, systems engineering, C5ISR, cyber analytics, space domain awareness, data analytics and integration, systems integration)U.S. Securities and Exchange Commission (EDGAR)
- KBR's Mission Technology Solutions Wins $510 Million Contract to Provide Joint Data and Analytic Support Services to the Department of WarKBR, Inc.
- KBR's Mission Technology Solutions Awarded $200 Million to Accelerate Safer, Smarter US Transportation Systems (AI-driven IT and systems engineering, US DOT Volpe Center)GlobeNewswire
LDOSLeidos Holdings, Inc.PrimaryRS 29
- Role
- Leidos is a prime government-services integrator that delivers IT modernization, cybersecurity, intelligence-mission software, digital engineering, and enterprise IT/network operations to the U.S. military, intelligence community, and federal civilian agencies.
- Inclusion rationale
- Leidos' largest reportable segment, National Security & Digital, accounted for roughly 44% of fiscal 2025 revenue ($17.17B total) and its Q1 2026 (quarter ended April 3, 2026) results showed Intelligence and Digital revenues up 7% on demand for Intelligence Community support and cyber, making defense IT/software/services its core defining business, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 17%
- 52-week-high proximity
- 67%
- A/D
- B
- RVOL
- 0.5x
- 50D dollar volume
- $203.7M
Sources
- Leidos Holdings, Inc. Form 8-K — Q1 2026 Earnings Press Release Exhibit (quarter ended April 3, 2026)U.S. Securities and Exchange Commission (EDGAR)
- Leidos Holdings, Inc. (LDOS) Form 10-K — fiscal year ended January 2, 2026 (four segments incl. National Security & Digital ~44% of revenue)StockTitan (SEC 10-K filing summary)
PLTRPalantir Technologies Inc. Class A Common StockPrimaryRS 72
- Role
- Palantir supplies AI/data-integration software platforms (Gotham, Foundry, AIP) and the Maven Smart System to the US military and intelligence community, serving as a prime software vendor that fuses sensor, intelligence and operational data for command-and-control and targeting workflows.
- Inclusion rationale
- Palantir's government segment generated roughly $2.4B of its $4.47B FY2025 revenue, and its Maven Smart System was designated an official DoD program of record (effective ~September 2026) running on its software, layered on a potential $10B US Army enterprise software agreement signed in July 2025, making defense IT/software a core, defining line of business as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 26%
- 52-week-high proximity
- 85%
- A/D
- B
- RVOL
- 0.7x
- 50D dollar volume
- $6.1B
Sources
- Palantir Technologies Inc. Form 10-Q for the quarter ended March 31, 2026U.S. Securities and Exchange Commission
- Palantir Technologies Inc. Form 8-K, Q4 2025 earnings release (US Government revenue $570M, +66% YoY)U.S. Securities and Exchange Commission
- Pentagon to Designate Palantir Maven AI as Program of RecordGovCon Wire
PSNParsons CorporationPrimaryRS 18
- Role
- Parsons supplies high-tech IT, software, and mission-engineering services to the U.S. Department of Defense and Intelligence Community across cyber, electronic warfare, signals/geospatial intelligence, integrated air and missile defense, and space ground systems through its Federal Solutions segment.
- Inclusion rationale
- Parsons' Federal Solutions segment generated roughly $3.2B (about 51% of total revenue) in FY2025 with its cyber & intelligence end market growing more than 20%, and in January 2026 it acquired Altamira Technologies (deal valued up to $375M) to expand SIGINT, cyber, missile-warning, and space analytics capabilities for defense and intelligence customers, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- -6%
- 52-week-high proximity
- 55%
- A/D
- B
- RVOL
- 0.6x
- 50D dollar volume
- $71.8M
Sources
- Parsons Corporation Form 10-K for fiscal year ended December 31, 2025U.S. Securities and Exchange Commission (EDGAR)
- Parsons buys Altamira in $375M defense deal | PSN Stock NewsStockTitan
- Parsons lands $125M U.S. Army research IT contract (DEVCOM ARL / HPCMP / DREN)StockTitan
SAICScience Applications International Corporation Common StockPrimaryRS 81
- Role
- SAIC is a pure-play federal mission integrator delivering secure high-end mission IT, enterprise IT, systems engineering and software services to the U.S. DoD, Intelligence Community and civilian agencies.
- Inclusion rationale
- SAIC organizes its ~$7.3B business into Defense and Intelligence and Civilian segments and won FY2026 awards including a five-year, $1.8B System Software Lifecycle Engineering contract for the Army CCDC Aviation and Missile Center and an $889M IT-integration contract for the Defense Counterintelligence and Security Agency, with its $205M SilverEdge acquisition adding AI capability for national-security agencies, as of 2026-06.
- Confidence
- high
- Sector
- Technology
- 50D distance
- 9%
- 52-week-high proximity
- 98%
- A/D
- B
- RVOL
- 1.0x
- 50D dollar volume
- $56.3M
Sources
- Science Applications International Corp - Form 10-K (FY2025, fiscal year ended Jan 31, 2025)U.S. Securities and Exchange Commission (EDGAR)
- SAIC Announces First Quarter of Fiscal Year 2026 Results (Form 8-K, Exhibit 99.1)SAIC / GlobeNewswire
- SAIC Selected for $889M Contract to Integrate IT Services for Defense Counterintelligence and Security AgencySAIC Investor Relations
VVXV2X, Inc.PrimaryRS 71
- Role
- V2X delivers IT mission support, classified IT and cybersecurity operations, assured/full-lifecycle network management, and software-driven digital integration (C5ISR connectivity and battlefield situational-awareness) for U.S. national security, defense, and intelligence customers.
- Inclusion rationale
- V2X's FY2025 10-K describes 'classified information technology (IT), intelligence services, and cybersecurity' plus 'assured communications' (network management, information assurance, digital integration), and in Q4 2025 it was awarded ~$100M in classified national-security contracts for cyber operations and special systems integration, alongside the $72M Gateway Mission Router (a cyber-hardened air-to-ground C5ISR solution) and seats on the ATSP5 ($25B) and MDA SHIELD IDIQ vehicles, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- -4%
- 52-week-high proximity
- 83%
- A/D
- E
- RVOL
- 0.9x
- 50D dollar volume
- $56.6M
Sources
- V2X, Inc. Form 10-K for fiscal year ended December 31, 2025U.S. Securities and Exchange Commission
- V2X Awarded $100M In National Security ContractsPR Newswire / V2X, Inc.
- V2X Wins $72 Million Contract to Enhance Battlefield Connectivity and Situational Awareness for the Army (Gateway Mission Router)V2X, Inc. Investor Relations
DRSLeonardo DRS, Inc. Common StockAdjacentRS 37
- Role
- Leonardo DRS supplies cyber-hardened mission-command computing and an embedded software suite — mission-specific and full command-and-control (C2) network applications with algorithms, GUIs and AI — for Army ground vehicles, command posts and naval combat systems.
- Inclusion rationale
- DRS's Land Electronics business builds the Army's Mounted Family of Computer Systems II (MFoCS II) Mounted Mission Command computing under awards including a $105M next-generation delivery order, and its FY2025 10-K describes a software suite spanning C2 network applications with AI plus cyber-resilient edge computing; this is real but secondary, as DRS is predominantly a hardware/sensor manufacturer rather than a standalone IT-services prime, as of 2026-06.
- Confidence
- medium
- Sector
- Healthcare
- 50D distance
- -13%
- 52-week-high proximity
- 77%
- A/D
- D
- RVOL
- 1.0x
- 50D dollar volume
- $44.5M
Sources
- Leonardo DRS, Inc. Form 10-K for the Fiscal Year Ended December 31, 2025U.S. Securities and Exchange Commission (EDGAR)
- Leonardo DRS Receives $105 Million Award to Provide Next-Generation Mission Command Mounted Computing SystemsLeonardo DRS, Inc.
GDGeneral Dynamics CorporationAdjacentRS 61
- Role
- GD's Technologies segment delivers defense IT, software, cybersecurity and mission-support services chiefly through General Dynamics Information Technology (GDIT), alongside C5ISR products from GD Mission Systems.
- Inclusion rationale
- The Technologies segment generated $3.58 billion of Q1 2026 revenue on record results at GDIT and Mission Systems, and GDIT booked major 2026 IT-modernization and zero-trust cyber awards including a ~$1.5 billion US Strategic Command enterprise IT modernization contract and a $120 million Air Force zero-trust task order, as of 2026-06.
- Confidence
- high
- Sector
- Industrials
- 50D distance
- 2%
- 52-week-high proximity
- 96%
- A/D
- B
- RVOL
- 0.8x
- 50D dollar volume
- $435.5M
Sources
- General Dynamics Reports First-Quarter 2026 Financial ResultsGeneral Dynamics Corporation
- GDIT Awarded $1.5 Billion Enterprise IT Modernization Contract to Strengthen U.S. Strategic Command's Operational ReadinessPR Newswire (GDIT)
Documented relationships
Supply-chain dependencies
- Specialty Materials & Titanium → forged & machined → Forgings, Castings & Precision Components
- Forgings, Castings & Precision Components → engine forgings & castings → Jet & Rocket Propulsion
- Jet & Rocket Propulsion → actuation & power systems → Power & Actuation Subsystems
- Power & Actuation Subsystems → mission electronics → Avionics & Defense Electronics
- Avionics & Defense Electronics → sensors, EW & C4ISR → Sensors, EW & C4ISR Systems
- Sensors, EW & C4ISR Systems → seekers & guidance → Missiles & Munitions
- Missiles & Munitions → autonomy & loitering munitions → Military Drones & Autonomy
- Military Drones & Autonomy → integrated onto airframes → Military Aircraft & Airframes
- Military Aircraft & Airframes → and onto warships → Naval & Shipbuilding
- Naval & Shipbuilding → and into launch vehicles → Defense Space & Launch
- Defense Space & Launch → lifts payloads to orbit → Satellite & Space Payloads
- Satellite & Space Payloads → integrated by primes → Prime Contractors & System Integrators
- Prime Contractors & System Integrators → software & sustainment → Defense IT, Software & Services
Method
Research notes
Membership is curated thematic value-chain research, not a verified supplier/customer graph. Companies may participate in more than one stage or have an adjacent role.
Stage status combines median relative strength and 50-day breadth. Market evidence is dated as of the displayed close, is not real-time, and is not an investment recommendation.
How RS works