Aug. 27 at 5:40 PM
$FLY — underappreciated 🟢 from Q2 10-Q:
🟢
$117.7M Q2 rev /
$1.47B backlog.
$LHX $LMT customers.
🟢 Largest customer 83.8%→34.4% YoY = better diversification.
🟢 Alpha Block II → reliability + higher cadence. 2nd shift ramping. Sweden tests sovereign franchise model; Japan MOU in place.
🟢 Eclipse → 16.3t, designed for reuse with
$NOC . Dedicated refurbishment facility planned to support reusability + lower costs/cycle times.
🟢 Blue Ghost → proven Moon landing + 4 more NASA CLPS missions. Elytra/Ocula → in-space services, sensing/data +
$NVDA AI.
🟢 Mars → first Mars contract: JPL Skyfall aeroshell.
🟢 Space-ng → ~
$16M for AI/ML navigation + GNC.
🟢 SciTec → missile tracking, SDA, ISR, AI/C2. Deep defense exposure with more upside if launch delivers.
🟢 ~
$635M cash/investments +
$305M undrawn revolver + pending ~
$110M EXIM financing, potentially 200+ US jobs.
All this at ~
$3.7B market cap.
More than a rocket company IMO. 🚀