CHANTILLY, Va., June 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $94.5 million ceiling value task order under the Air Base Air Defense (ABAD) indefinite delivery, indefinite quantity contract. The task order represents new work for the company, and includes a 12-month base year performance period and two 12-month option periods to deliver separable lines of effort related to the integration, test, fielding, and sustainment of command-and-control and early warning capabili ...

I hope we make it at least to Type IIRui Huang (@RuiHuang_art):Type II: A civilization that can harness and control the total energy output of its host star, often through structures like a Dyson Sphere or Swarm (a network of satellites or structures capturing a star’s energy). This level implies mastery of space travel and colonization ...

Watch LIVE as SpaceX launches the 4th Axiom Space private mission to the International Space Station in low-Earth orbit, AX-4 will launch from Historic Launch Complex 39A at NASA Kennedy Space Center in Florida. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE to The Launch Pad! https://www.you ...

Watch LIVE as SpaceX launches dozens of rideshare satellites aboard Falcon 9 as part of the 14th transporter mission to low-Earth orbit; this mission will launch from Space Launch Complex 4E (SLC-4E) at Vandenberg Space Force Base in California. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE ...

Core Insights - SpaceX is valued at $350 billion, making it the most valuable privately held company, but its shares are not available for public purchase [1] - Rocket Lab is presented as a viable alternative for investors interested in the space sector, as it operates in a similar niche [2] Group 1: Rocket Lab's Position in the Market - Rocket Lab is the only other company besides SpaceX that can reliably launch rockets at scale, with its Electron program consistently launching every quarter [3] - The company has secured contracts for national defense systems, including HASTE, which tests hypersonic defense capabilities, indicating a growing market for government contracts [4] - Rocket Lab's acquisition of Geost for $275 million positions it to capitalize on lucrative government contracts related to national defense [5] Group 2: Future Growth Potential - Rocket Lab is developing the Neutron rocket, which aims to compete directly with SpaceX's Falcon 9, with commercial launches expected next year [8] - The Neutron rocket could significantly boost Rocket Lab's business, with a proposed contract for two missions in 2026 and participation in the U.S. National Security Space Launch program, which has a budget of $5.6 billion through 2029 [9][10] - Rocket Lab's backlog currently exceeds $1 billion, and successful launches of the Neutron could lead to substantial growth in this backlog over the next decade [11] Group 3: Financial Metrics - SpaceX has a price-to-sales (P/S) ratio of approximately 27, while Rocket Lab's P/S ratio is slightly higher at 28.5, reflecting its recent stock price increase [12] - Despite the potential for revenue growth, Rocket Lab has never made a profit, making its current valuation appear expensive and risky [14]

Core Viewpoint - Rocket Lab's stock has experienced significant growth, rising 521% over the past 52 weeks, leading to a market capitalization exceeding $13.3 billion, with a valuation of 31 times its annual sales [1][12]. Group 1: Business Strategy and Expansion - Rocket Lab plans to enter the spy satellite market by acquiring Geost, LLC, a manufacturer of electro-optical payloads, for a total of $325 million, which includes cash and stock [6][10]. - The acquisition will enable Rocket Lab to produce its own spy satellite payloads, enhancing its capabilities in the defense sector and allowing it to compete for contracts with U.S. spy agencies and military [5][7]. Group 2: Market Context and Financials - Rocket Lab's current valuation is considered high, with a price exceeding $12.3 billion against less than $500 million in annual revenue, and it is not expected to turn profitable for at least a couple of years [13]. - The company needs substantial growth drivers to justify its valuation, and the acquisition of Geost could serve as a significant catalyst for expanding annual sales, particularly in relation to the $175 billion Golden Dome project [14].

Core Viewpoint - L3Harris Technologies Inc. is demonstrating stability and growth in the defense sector, with a focus on long-term contracts and diversified defense capabilities [2][4][23] Financial Performance - As of early June, L3Harris shares were trading at approximately $242, reflecting a modest year-over-year decline of around 3.2%, while its market cap stands at roughly $44.87 billion [3] - The company reported $5.52 billion in revenue for Q1 2025 and raised its cost-saving target to $1.2 billion for the year [12] Valuation Metrics - L3Harris has a P/E ratio of 28.71, which is positioned between Lockheed Martin at 20.60 and RTX Corp. at 40.78, indicating it is neither the cheapest nor the most expensive in the sector [5] - The dividend yield is 1.98%, slightly ahead of RTX but behind Lockheed Martin's 2.76% [6] Growth Drivers - L3Harris is building momentum across various defense segments, including space systems, tactical communications, and classified defense work, which are increasingly prioritized by the market [8][11][16] - Recent contracts include a $90 million deal with the U.S. Space Force and nearly $300 million from the Army for mission-critical communications gear, reinforcing its role in next-gen defense infrastructure [14][15] Strategic Positioning - The company's focus aligns with U.S. and NATO priorities around modernization and readiness, positioning it well for future defense spending [17][18] - L3Harris is diversifying its portfolio across critical areas such as space systems, secure communications, and AI-integrated battlefield technologies, reducing reliance on any single program [16][23] Market Perception - Despite its strong fundamentals and growth potential, L3Harris is currently trading at a discount compared to peers, suggesting that the market may be mispricing its value [4][23] - The company’s steady contract flow and focus on core military needs provide a clearer path forward in a defense-heavy environment [15]

Shares of AST SpaceMobile (ASTS -0.26%) are moving higher this week, up 33.9% as of 2 p.m. ET from last Friday's close. The gain comes as the S&P 500 gained 1.5% and the Nasdaq-100 gained 2.2%.Earlier in the week, a board member posted a picture to social media that fueled speculation of a possible partnership with Jeff Bezos' Blue Origin. The stock also received a boost after yesterday's public spat between President Donald Trump and Elon Musk.A possible partnershipAfter Bezos visited the company's Texas h ...

Core Insights - Rocket Lab USA, Inc. (RKLB) has established itself as a significant player in the launch and space systems market, providing a variety of space systems including satellites and spacecraft platforms, and has a strong position in the small satellite launch market with its Electron rocket, which is the second most frequently launched U.S. rocket [1] Group 1: Company Developments - Rocket Lab has secured a major contract with Japan-based Earth imaging company iQPS for eight dedicated Electron launches, marking one of its largest agreements to date, with six missions planned for 2025 and two for 2026 [2][8] - The upcoming mission on June 10, 2025, will be Rocket Lab's third Electron launch within a span of 24 days, showcasing its increasing launch capacity and reliability in the commercial space sector [2][8] - The company is also developing the Neutron rocket, aimed at larger payloads and constellation deployments, which is expected to enhance its market position and revenue potential [3][8] Group 2: Industry Context - The space launch services market is experiencing growth driven by rapid technological advancements, increasing demand for satellite deployment, and rising investments in space infrastructure [4] - Established players like Boeing and Lockheed Martin are well-positioned to benefit from the growth of the space launch market, with their joint venture, United Launch Alliance (ULA), having successfully launched over 150 rockets since 2006 [5] - ULA's new Vulcan rocket is designed to provide more affordable and accessible space launches for various missions [6] Group 3: Financial Performance - Rocket Lab's shares have seen a significant increase of 495.8% over the past year, compared to the industry's growth of 20.8% [7] - The company's forward 12-month Price/Sales ratio stands at 17.19X, which is considerably higher than the industry's average of 9.45X, indicating that the shares are relatively expensive [9] - The Zacks Consensus Estimate for Rocket Lab's losses in 2025 and 2026 has improved over the past 60 days, suggesting a positive outlook [10]

Core Points - Maritime Launch Services Inc. has received approval for approximately $10.5 million under the Capital Investment Tax Credit (CITC) from the Province of Nova Scotia to support the construction of a dedicated launch pad for small launch vehicles [1][2] - The CITC is a refundable corporate tax credit aimed at encouraging capital investment in Nova Scotia, with a total of approximately $30.7 million authorized for qualified infrastructure projects at Spaceport Nova Scotia [2][5] - The dedicated launch pad will include specialized infrastructure for safe and efficient orbital launch operations, enhancing Canada's sovereign space capabilities and supporting the company's growing customer base [3][4] Company Overview - Maritime Launch Services Inc. is a Canadian-owned commercial space company based in Nova Scotia, developing Spaceport Nova Scotia to provide satellite delivery services [6][8] - The spaceport will allow small and medium-sized launch vehicles to place satellites into low-earth orbit, marking it as Canada's first commercial orbital launch complex [8] Economic Impact - The CITC-supported infrastructure is expected to create up to 30 jobs in the local area, driving demand across local construction, hospitality, and service sectors [7] - The project aims to anchor a new high-tech sector in the region, diversifying the local economy and positioning Nova Scotia as a global destination for space and satellite companies [7]