Key Takeaways Willdan posted 15% Q3 revenue growth and 65.8% EPS growth, fueled by electrification demand.WLDN trades at 24.68X forward earnings after a 238% rally, with EPS estimates unchanged.Tetra Tech raised FY26 guidance, expanded margins and grew backlog to $3.95 billion.The infrastructure consulting space is being reshaped by electrification, AI-driven data center expansion, water scarcity and defense modernization. Two companies well-positioned within this evolving landscape are Willdan Group, Inc. ...

Core Insights - Keysight Technologies Inc. is a leading technology company specializing in electronic design and test solutions, serving industries such as communications, aerospace, defense, and automotive [1][5] - The company is recognized for its innovative solutions in AI-driven technology and next-generation connectivity, competing with major players like Tektronix and Rohde & Schwarz [1] Financial Performance - In Q1 2026, Keysight reported record revenue of $1.6 billion, representing a 23% year-over-year increase [2][5] - Core revenue growth, excluding acquisitions and currency impacts, was 14%, with orders for the quarter reaching $1.645 billion, reflecting a 30% increase [3] - The Communications Solutions Group experienced a 27% increase in revenue, driven by strong performance in commercial communications, aerospace defense, and government markets [3] Market Analysis - Goldman Sachs analyst Mark Delaney set a new price target for Keysight at $322, indicating a potential increase of 31.43% from the current trading price of $245 [2][5] - The company's market capitalization is approximately $42.1 billion, with a trading volume of 2,755,287 shares [4]

SALT LAKE CITY, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced today that Chief Operating Officer, Christian Ericson, will ring the Opening Bell at the Nasdaq Stock Exchange at 9:30 a.m. ET tomorrow, Friday, February 20. Red Cat is a fast-growing U.S. provider of secure, American-made uncrewed systems built for defense and national secur ...

Financial Data and Key Metrics Changes - The company reported net revenue of $987 million for the first quarter, an increase of 8% from the prior year [5] - Operating income rose to $131 million, up 12% year-over-year [5] - Adjusted earnings per share (EPS) increased by 17% to $0.34, while GAAP EPS was reported at $0.40 [5][12] Business Segment Performance - The Government Services segment generated $382 million in revenue, growing 5% despite a U.S. government shutdown [6] - The Commercial and International Group segment's revenue increased by 10% to $605 million, driven by growth in the UK and Ireland [6][7] - Margins for both segments improved by 40 basis points, with Government Services at 18% and Commercial International at 13% [6][7] Market Data and Key Metrics Changes - Federal work increased by 7%, primarily due to projects with the U.S. Army Corps of Engineers [8] - U.S. state and local markets grew by 10%, driven by municipal water treatment and digital water modernization [8] - International work accounted for 48% of total revenues, growing at a rate of 13% [9] Company Strategy and Industry Competition - The company focuses on water supply, treatment, flood control, and environmental stewardship, which remain in high demand [3] - Strategic growth areas include technology and automation, with plans for acquisitions to enhance capabilities [17][24] - The company aims to leverage its strong balance sheet for investments in growth opportunities [16][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue growth despite challenges like the government shutdown, expecting federal orders to increase in the second half of the fiscal year [10][11] - The company anticipates continued strong demand in water and environmental services, with a forecasted revenue growth rate of 5%-10% for international markets [25][26] - Management highlighted the importance of bipartisan support for future growth, particularly in federal spending [59] Other Important Information - The company announced a 12% increase in its quarterly cash dividend, marking the 47th consecutive quarterly dividend [17] - A stock buyback program was initiated, with $50 million repurchased in the first quarter [18] - The company divested its Norway operation, which was deemed non-core, while acquiring Halvik and Providence to enhance its consulting services [77][80] Q&A Session Summary Question: Strength in Federal Business - Management noted that the 7% growth in federal business was supported by advanced planning and strong relationships with clients, particularly the U.S. Army Corps of Engineers [35][38] Question: International Business Performance - The UK and Ireland have shown strong double-digit growth, while Canada is performing well with significant infrastructure investments [40][42] - Australia is recovering from previous declines, moving from -15% growth to flat performance [44][46] Question: Guidance and Market Conditions - Management indicated that guidance reflects a midpoint of 9% revenue growth, with potential risks from government shutdowns impacting the low end of the range [56][58] Question: M&A Focus and Strategy - The company is looking for strategic acquisitions that could justify higher leverage, with a focus on partnerships that transform the industry [65][66] - Management emphasized the importance of maintaining shareholder value while pursuing growth through acquisitions [72][74]

Core Insights - Rising global security threats are leading to increased defense spending, attracting investor interest in defense companies like Kratos Defense & Security Solutions, Inc. (KTOS) and Curtiss-Wright (CW) [1][2] Group 1: Company Positioning - KTOS and CW are positioned to benefit from sustained increases in U.S. and allied defense budgets, focusing on modernization and advanced military systems [2] - KTOS specializes in unmanned systems, space technologies, and missile defense, while CW provides high-value engineered components and control systems critical to defense and aerospace [2] Group 2: Company Developments - KTOS is expanding its manufacturing capacity with a new 55,000-square-foot hypersonic system facility in Maryland, enhancing production and testing capabilities [4] - KTOS is also expanding its operations in Alabama with a new 40,000-square-foot facility to meet growing defense demand [5] - CW is collaborating with Green Hills Software to develop a high-performance safety-certifiable COTS computing solution, enhancing its avionics and aerospace market position [6] - CW's PacStar tactical edge servers have been validated for Azure Local, expanding its market in hybrid cloud and edge computing [7] Group 3: Financial Estimates - The Zacks Consensus Estimate for KTOS's 2026 earnings per share (EPS) indicates a year-over-year increase of 41.92% [8] - The Zacks Consensus Estimate for CW's 2026 EPS indicates a year-over-year increase of 11.21% [10] Group 4: Valuation and Debt - KTOS shares trade at a forward Price/Sales (P/S F12M) ratio of 12.28X, while CW's ratio is 6.57X [12] - KTOS currently has no debt, whereas CW has a total debt to capital ratio of 27.69% [13] Group 5: Stock Performance - Over the past three months, KTOS shares have risen by 32.9%, while CW shares have increased by 12.2% [14] Group 6: Investment Preference - Current preference leans towards KTOS due to stronger earnings growth, superior debt management, and better price performance compared to CW [15][16]

Core Viewpoint - Teledyne Technologies has secured a significant defense contract with the U.S. Army to supply advanced systems for foreign military vehicles, specifically for Bulgaria, under a deal valued at up to $32 million [1][2]. Contract Details - The U.S. Army Contracting Command will oversee the delivery of systems to Bulgaria as part of a Foreign Military Sales arrangement aimed at modernizing its armed forces [2]. - Teledyne FLIR Defense will provide thermal imaging and long-range radar sensors for Stryker infantry carrier vehicles [2]. Equipment Specifications - The supplied equipment includes TacFLIR 280 HDEP EO/IR imaging, Ranger R20SS radar, and Cameleon control software for enhanced surveillance and targeting capabilities [3]. - Future modernization efforts will incorporate unmanned aerial systems and launch units, along with Teledyne's detection sensors for nuclear, biological, and chemical threats [3]. Strategic Importance - This initiative is expected to enhance the capabilities of a key NATO ally, improve interoperability within NATO, and increase situational awareness [4]. - Teledyne Technologies' stock has appreciated over 19% in the past year, indicating positive investor sentiment [4]. Price Action - During premarket trading, Teledyne Technologies shares rose by 0.88%, reaching a price of $567.50 [5].

Core Viewpoint - KeyBanc Capital Markets initiated coverage on several space and defense technology companies, highlighting bullish long-term growth prospects driven by defense modernization and the expanding commercial space economy [1][2]. Group 1: Market Trends and Drivers - Elevated geopolitical tensions and rising global defense budgets are expected to drive growth in the space and defense technology sector [2]. - The rapid evolution in warfare, particularly in drones, AI-enabled systems, and missile defense initiatives, is a significant factor contributing to sector growth [2]. - The commercialization of space is anticipated to broaden demand across various areas, including launch services, lunar missions, satellite manufacturing, and defense-linked data applications [2]. Group 2: Company Ratings and Price Forecasts - KeyBanc assigned Overweight ratings to Karman Holdings Inc., AeroVironment, Inc., Kratos Defense & Security Solutions, Inc., and Intuitive Machines, Inc., while giving Sector Weight ratings to Firefly Aerospace Inc. and Redwire Corporation [4]. - Karman Holdings received an Overweight rating with a price forecast of $80, highlighting its exposure to missiles, rockets, and drones [5]. - AeroVironment was initiated with an Overweight rating and a $285 price forecast, supported by strong margins and a differentiated defense-technology portfolio [7]. - Kratos Defense was rated Overweight with a $90 price forecast, focusing on its leverage to advanced defense technologies [9]. - Intuitive Machines was initiated at Overweight with a $20 price forecast, emphasizing its leadership in lunar services and backlog growth [13]. - Firefly Aerospace was assigned a Sector Weight rating due to execution risks despite early traction [11]. - Redwire Corporation received a Sector Weight rating, with upside dependent on successful integration and profitability execution [15]. Group 3: Stock Performance - Karman Holdings shares were up 5.38% at $71.77 at the time of publication [6]. - AeroVironment shares increased by 4.30% to $240.61 [8]. - Kratos Defense shares rose by 4.66% to $74.73 [10]. - Firefly Aerospace shares surged 19.13% to $23.91 [12]. - Intuitive Machines shares were up 32.72% at $14.40 [14]. - Redwire Corporation shares increased by 13.68% to $7.980 [15].

Core Insights - Silynxcom Ltd. has received a purchase order exceeding $3 million from a military customer in Asia, indicating a growing demand for its tactical communication solutions [1][3] - The order includes the company's flagship tactical in-ear headset system, which enhances situational awareness and team coordination for soldiers in combat [2][3] - The CEO of Silynxcom highlighted that this order marks a significant milestone in the company's strategic expansion in Asia, with expectations for increased market penetration and long-term opportunities [3] Product Overview - Silynxcom specializes in ruggedized tactical communication headset devices, which are field-tested and combat-proven [4] - The in-ear headsets provide active sound protection while maintaining ambient awareness, allowing users to communicate clearly in hazardous environments [4] - The company collaborates closely with military and law enforcement customers to improve product functionality based on real-world feedback [4] Market Position - Silynxcom has established a strong presence in the Asian market, with previous contracts demonstrating the reliability of its products [3] - The region is viewed as a high-growth area due to ongoing defense modernization initiatives, presenting significant potential for future contracts [3]

Core Viewpoint - Draganfly Inc. has entered a collaborative framework with Babcock International Group PLC and Critical Infrastructure Technologies Corp. to enhance defense and security capabilities in the Asia-Pacific region [1][4]. Group 1: Collaboration Details - The partnership combines strengths in defense engineering, digital mission systems, and advanced unmanned aerial solutions [2]. - Babcock brings extensive experience in mission-critical engineering, fleet sustainment, and defense program delivery [2][6]. - Critical Infrastructure Technologies contributes high-assurance digital architectures and integrated sensor platforms for national security [2][8]. Group 2: Draganfly's Capabilities - Draganfly's NDAA-compliant unmanned aerial systems, such as the Commander 3XL, offer multi-mission ISR and rapid-response capabilities [3]. - The collaboration aims to address regional priorities including defense modernization, maritime security, disaster response, and critical infrastructure protection [3][4]. Group 3: Market Positioning - The partnership is seen as a significant step for Draganfly's expansion into the Asia-Pacific defense market [4]. - There is a growing demand for resilient, sovereign mission capabilities in the region, which the collaboration aims to fulfill with interoperable and scalable solutions [4].

Core Insights - Volatus Aerospace Inc. has appointed Lieutenant-General (Ret'd) Christopher J. Coates to its Board of Advisors, enhancing the company's defense expertise and supporting its vision for Canadian Armed Forces and allied defense partners [1][5][6] Company Overview - Volatus Aerospace is a leader in aerial and defense solutions, focusing on Canadian-made uncrewed aerial systems (UAS), training, and operational capabilities [1][4] - The company provides integrated aerial solutions for commercial and defense applications, serving industries such as oil and gas, utilities, healthcare, and public safety [8][9] Appointment of Lieutenant-General Coates - Lieutenant-General Coates has extensive experience in defense and security, having served in senior roles within the Canadian Joint Operations Command and NORAD, overseeing both domestic and global military operations [2][7] - His background includes leadership in advanced training and defense transformation, contributing to defense modernization efforts in various regions [3][7] Strategic Direction - The Volatus Advisory Board aims to provide strategic guidance on defense procurement, government policy, and emerging capability requirements, enhancing the company's long-term strategic direction [4] - The appointment of Coates is expected to strengthen Volatus' domestic manufacturing programs and training capabilities, aligning with the needs of the Canadian Armed Forces and allied partners [5][6]