Space Systems Fuels Top-Line Growth
Revenue growth was overwhelmingly driven by space systems, which benefited from spacecraft manufacturing and recently acquired businesses, while launch services revenue declined despite a higher launch count due to revenue recognition timing on over-time HASTE missions.
Neutron Development on Track for Q4 2026 Pad Delivery
Neutron qualification testing remains ongoing, with first-flight hardware integration underway. The company targets delivery to the launch pad in Q4 2026, though the exact launch timing depends on critical tests later this year and the window for a year-end launch is narrowing.
Backlog Climbs to Record $2.4 Billion
Backlog increased to $2,355.9 million as of June 30, 2026, up from $1,847.3 million at year-end 2025, driven by continued bookings and backlog added through acquisitions, indicating robust future demand.