Watch as SpaceX launches Crew 11 for NASA to the International Space Station in low-Earth orbit, Crew 11 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.youtube.com/@TheLaunchPa ...

Watch as SpaceX launches Crew 11 for NASA to the International Space Station in low-Earth orbit, Crew 11 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.youtube.com/@TheLaunchPa ...

Watch as SpaceX launches Crew 11 for NASA to the International Space Station in low-Earth orbit, Crew 11 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.youtube.com/@TheLaunchPa ...

They've been told to go for launch. Launchpad and this is symbolic from a geopolitical perspective on who is on board. Yeah, we'll get to the crew.But you know, I think this might be a first for Bloomberg Tech if we ever carried a launch live. I don't know. But with 10 seconds on the clock, Let's listen in.T minus ten, nine, eight, seven, six, five, four, three, two, one. Mission critical power and liftoff. Together, we rise as NASA's space, go live in the heads up to the International Space Station.Touchin ...

Stage one landing leg deploy. Fantastic return there of the stage one booster. Trust. ...

T-minus 10 9 8 7 6 5 4 3 2 1 ignition reaches full power and lift off. Go NASA go through 11. Together we rise as NASA SpaceX crew 11 heads up to the International Space Station.Vehicles pitching down range. 1.7% million pounds of thrust. Propulsion is nominal propelling Falcon 9 as the vehicle pitching down range and making its way up the east coast and will soon join expedition 73 aboard the orbiting laboratory.So far getting good call outs on that first stage performance. ...

Financial Data and Key Metrics Changes - First quarter sales were $436 million, a 7.3% increase year over year, driven by strong performance in Aerospace and Defense (A&D) and Industrial segments [4] - Consolidated gross margin for the quarter was 44.8%, down from 45.3% in the same period last year, while adjusted diluted EPS was $2.84, up from $2.54, representing an 11.8% growth year over year [4][16] - Free cash flow reached a record $104.3 million, with a conversion rate of 152%, compared to $88.4 million and 144% last year [4][17] Business Line Data and Key Metrics Changes - A&D sales increased by 10.4% year over year, with commercial aerospace growing by 9.6% and defense by 11.9% [5] - The industrial segment grew by 5.5% year over year, with distribution and aftermarket up by 10% [5] - Industrial gross margins were 46%, while A&D margins were 42.3%, with adjusted industrial gross margins at 47.1% [14][15] Market Data and Key Metrics Changes - The backlog exceeded $1 billion for the first time, with $100 million attributed to industrial products [7] - The U.S. GDP expansion of 3% confirmed a strong industrial economy, with expectations for positive demand influenced by recent tax treatments for capacity investments [6][7] Company Strategy and Development Direction - The company is focused on organic growth through product innovation and market development, with plans to expand capacities to meet customer demands [8][9] - The recent acquisition of VAACO is expected to enhance capabilities in marine and defense sectors, with strong synergies anticipated [10][11] - A well-defined five-year outlook is in place, with strategic planning based on historical sales and customer demand forecasts [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing unprecedented demand in key market areas and a strong balance sheet [12] - The company anticipates continued growth in the defense sector, projecting high single to low double-digit expansion for many quarters [8] - Management noted that the industrial distribution business saw a 10% increase, indicating a positive trend in the industrial economy [45] Other Important Information - The company plans to use generated cash to pay off debt and maintain a focus on deleveraging [17] - Guidance for the second quarter projects revenues between $445 million and $455 million, representing year-over-year growth of 11.8% to 14.4% [18] Q&A Session Summary Question: What parts of the five-year outlook can be shared? - The company is aligning historical sales by account and assessing capacity needs based on customer demand forecasts [23][24] Question: Will more CapEx be needed for capacity expansion? - The company plans to maintain CapEx in the range of 3% to 4% of depreciation, with some real estate consolidation expected [26][28] Question: How will the recent infrastructure bill impact the business? - The bill is expected to positively affect demand from smaller industrial customers, while its impact on A&D is less clear [30] Question: What is the expected revenue contribution from VACCO? - VACCO is anticipated to contribute approximately $10 million to $11 million monthly, with all revenue going into the A&D segment [33][37] Question: What are the trends in commercial aerospace? - Build rates are stabilizing, and the company expects to expand content on existing contracts with OEMs [38][39] Question: Is there confidence in sustainable industrial expansion? - The company sees positive signs in industrial distribution, with expectations for growth driven by recent tax changes [44][70] Question: How is the integration of VACCO progressing? - The integration is expected to enhance margins over 18 to 24 months, similar to past acquisitions [50][51] Question: Will supply chain constraints affect growth? - The company has secured extensive inventories of exotic materials to mitigate supply chain challenges [62][63]

Happy Friday everybody. Seven minutes till we get started with trading here at the New York Stock Exchange to end the week. Let's get to our final mad dash as well.We heard from Boeing in terms of earnings earlier in the week, but you've got some research you want to reference >> right now. There's a very impression piece by Bank of America, one big beautiful Boeing. But here's what matters.When we look back at this week, we're not going to see Meta as much and Microsoft as much, Amazon, Apple. We're going ...

Core Insights - Rocket Lab (NASDAQ: RKLB) stock has increased nearly 75% since June, significantly outperforming the S&P 500's 7% gain [1] - The stock is currently trading above the analyst's price target of $34.22, indicating a need to reassess its valuation [1] - The Aerospace Forum focuses on identifying investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed analysis [1] Company Analysis - Rocket Lab has shown strong performance in the market, suggesting robust growth potential within the aerospace industry [1] - The analyst's background in aerospace engineering provides a unique perspective on industry developments and their implications for investment strategies [1] - The investing group offers access to data analytics tools, enhancing the ability to monitor and analyze market trends [1]

Core Viewpoint - Joby Aviation is expanding its focus beyond commercial electric air taxis to include defense applications through a partnership with L3Harris Technologies to develop a gas-turbine hybrid vertical take-off and landing aircraft for military use [1][2]. Group 1: Partnership and Development - Joby Aviation has signed an agreement with L3Harris Technologies to explore the development of a new aircraft class, specifically a gas-turbine hybrid VTOL that can operate autonomously for defense applications [2]. - The new VTOL will be based on Joby's existing S4 aircraft platform, which has primarily been developed with an all-electric powertrain [3]. - Joby previously demonstrated a hydrogen-electric hybrid version of the S4 that achieved a flight range of 521 miles, significantly exceeding the range of its battery electric prototype [3]. Group 2: Testing and Certification - The agreement with L3Harris is currently exploratory, with hopes that upcoming flight tests and operational demonstrations will lead to a military contract with the U.S. Department of Defense (DoD) [4]. - Flight testing is scheduled to begin this fall, with operational demonstrations expected in 2026 [4]. - Joby has been working towards obtaining Type 1 certification from the Federal Aviation Administration for its all-electric VTOL aircraft, aimed at urban passenger transport [4]. Group 3: Strategic Insights - Joby has collaborated with the DoD for nearly a decade, focusing on understanding the requirements necessary to meet military needs, particularly emphasizing the importance of range [5]. - The company aims to demonstrate the "missionization of its platform," integrating sensors, autonomy, communications, and payload capabilities to provide clear use cases for the DoD [7]. - L3Harris is expected to contribute its expertise in long-range, crewed-uncrewed teaming for various missions, including low-altitude support operations [8][9].