Redwire, Rocket Lab, Firefly Split a $981 Million Space Force Pie
Redwire, Rocket Lab and Firefly won spots on the Space Force’s $981M NITE-STAR contract for test and training tools through 2036.
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https://www.l3harris.com/newsroom/press-release/2026/09/l3harris-partners-naval-air-warfare-center-increase-tomahawk
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Redwire, Rocket Lab and Firefly won spots on the Space Force’s $981M NITE-STAR contract for test and training tools through 2036.
Bernstein analyst Douglas Harned maintains L3Harris Technologies (NYSE:LHX) with a Outperform and lowers the price target from $365 to $346.
GE Aerospace and Joby Aviation represent two contrasting investment approaches in aviation: GE is an established, profitable aerospace leader generating $7.3B in free cash flow with a 19% net margin, while Joby is a speculative early-stage electric air-taxi company burning $564M annually while awaiting FAA certification. The article recommends GE for proven returns and stability, while suggesting Joby only as a small speculative position in a diversified portfolio.
https://www.l3harris.com/newsroom/press-release/2026/09/us-navy-awards-l3harris-imaging-contract-undersea-superiority
The article compares Boeing and Lockheed Martin as aerospace investment options for 2026. Boeing is undergoing a turnaround with strong commercial aviation demand and record backlogs, but faces operational challenges, high debt (10.0x debt-to-equity), and negative free cash flow. Lockheed Martin offers stability with steady profitability, lower leverage (3.2x debt-to-equity), strong free cash flow ($6.9B), and long-term F-35 program revenue visibility. The author recommends Lockheed Martin as the better value investment due to its cheaper valuation multiples (17.3x forward P/E vs. Boeing's 49.7x) and fortress-like business model.
Three sectors are higher and eight are lower in Thursday’s regular session, with growth, cyclical and defensive sectors each represented among the top three. The leaders are separated rather than