Latest news with #SpaceDevelopmentAgency
South China Morning Post
12-06-2025
- Politics
- South China Morning Post
China's PLA Daily slams US Golden Dome missile defence plan, warns of space arms race
China's military newspaper has condemned America's planned ' Golden Dome ' space-based missile defence system, warning that it may threaten global strategic stability and trigger an arms race in space. 'The development of the Golden Dome system and the US Space Force's rapid expansion have further militarised outer space,' a commentary in the PLA Daily warned on Thursday, adding that such moves could potentially intensify great power rivalry and challenge international arms control norms. The official People's Liberation Army publication also highlighted Washington's recent steps to speed up the US$175 billion Golden Dome programme, including the setting up of a 'technical integrated planning team' led by General Michael Guetlein. Guetlein, vice-chief of space operations at the US Space Force, was appointed direct programme manager for the Golden Dome missile defence project last month. 01:26 Trump's Golden Dome shows US 'obsessed with absolute security', China says Trump's Golden Dome shows US 'obsessed with absolute security', China says The paper also highlighted critical programmes under the US Space Development Agency (SDA) and Missile Defence Agency (MDA).
Yahoo
05-06-2025
- Business
- Yahoo
Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones
MUNICH, DE / / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal. "Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program," said Joachim Horwath, Chief Technology Officer of Mynaric. "In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications." Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations. "At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications," said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. "Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant." This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications. "With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability," said Andreas Reif, Chief Restructuring Officer of Mynaric. About Mynaric Mynaric (FRA:M0YN)(OTC PINK:MYNAY) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional operations in Los Angeles, California. For more information, visit Mynaric AG+49 8105 7999 0comms@ SOURCE: Mynaric AG View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
03-06-2025
- Business
- Yahoo
Science Applications International Corp (SAIC) Q1 2026 Earnings Call Highlights: Navigating ...
Revenue: $1.877 billion, representing growth of approximately 2%. Adjusted EBITDA: $157 million, with an adjusted EBITDA margin of 8.4%. Adjusted Diluted Earnings Per Share: $1.92, flat year-over-year. Free Cash Flow: Negative $44 million, impacted by timing of receivables. Net Bookings: $2.4 billion, with a book-to-bill ratio of 1.3. Backlog: Approximately $20 billion. Revenue Guidance for FY26: $7.6 billion to $7.75 billion, representing organic growth of approximately 2.5% at the midpoint. Adjusted EBITDA Margin Guidance: 9.4% to 9.6% for the full year. Adjusted Diluted EPS Guidance: $9.10 to $9.30. Free Cash Flow Guidance: $510 million to $530 million. Share Repurchases: Approximately $125 million in the first quarter, targeting $350 million to $400 million annually. Warning! GuruFocus has detected 3 Warning Signs with CRLBF. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SAIC reported revenue growth of approximately 2% in the first quarter, driven by the ramp-up of new and existing programs. The company secured net bookings of $2.4 billion, resulting in a book-to-bill ratio of 1.3, indicating strong business development efforts. SAIC was awarded a new cost-plus program role in Q1 as part of a $55 million contract with the Space Development Agency, highlighting its expertise in mission integration and digital engineering. The company has a robust pipeline with proposals totaling $7 billion submitted in the first quarter, and expects to reach $28 billion to $30 billion for the full year. SAIC's civilian segment, representing over 70% of total revenue, is well-supported by budget allocations, particularly in areas like the Department of Transportation and Department of Homeland Security. SAIC experienced procurement delays and award timelines moving to the right due to higher turnover rates among customers. Free cash flow was negative $44 million in the first quarter, impacted by the timing of receivables on two programs. Adjusted EBITDA margin was 8.4%, affected by seasonality of investments and higher costs on a fixed price program in the space business. The company faces potential challenges with the Army's budget outlook, which may be more constrained compared to other branches. SAIC's trailing 12-month book-to-bill ratio was 0.8, indicating a need for improvement to meet growth targets. Q: Can you provide an update on the current operating environment and budget priorities from the Department of Defense (DoD)? A: Toni Townes-Whitley, CEO, explained that while the operating environment has stabilized, there are still new directives from the DoD. The company has responded to audits and identified its mission-critical roles. There is significant turnover in acquisition personnel, which affects procurement processes. The DoD is focusing on lethality and mission-critical work, aligning with SAIC's strategic pivot towards enterprise mission IT solutions. Q: How competitive is the procurement environment, and how is SAIC positioned? A: Toni Townes-Whitley noted that the procurement environment is competitive, especially as SAIC focuses on mission enterprise IT. The company is selective with bids and maintains a strong submission pipeline. Prabu Natarajan, CFO, added that procurement remains best value-focused, with no significant shift towards lowest price technically acceptable (LPTA) trends. Q: What are the known headwinds for SAIC over the next 12 to 24 months? A: Toni Townes-Whitley mentioned the NASA program loss as a headwind, which will conclude in Q3. The decision to no-bid the Cloud One program also impacts revenue. However, there are no other significant recompete risks. The company is monitoring potential impacts from DoD budget priorities, particularly in the Army sector. Q: Can you discuss the cost overrun on the fixed price program in the space business? A: Toni Townes-Whitley explained that the cost overrun was due to challenges in the tech development phase of a unique fixed price program with the Space Development Agency. The company has addressed the additional costs and received option period extensions, which should improve financial performance as the program moves into the sustainment phase. Q: How does SAIC view the potential shift towards more outcomes-based and fixed price contracts? A: Toni Townes-Whitley stated that while there is discussion about outcomes-based contracts, SAIC has not seen a significant shift yet. The company is prepared for fixed price opportunities, particularly in enterprise IT, and has a track record of maintaining solid margins in such environments. SAIC views this as a potential tailwind for profitability. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-04-2025
- Business
- Yahoo
Boeing looks to existing production lines for Golden Dome pitch
The head of Boeing's space mission systems business envisions at least two of the company's product lines as a clear fit for the Pentagon's Golden Dome homeland missile defense capability — the X-37B spaceplane and a fleet of missile-tracking satellites the firm is developing for the Space Development Agency's 'Foo Fighter' program. The Pentagon is still crafting its architecture recommendations for the project, which will include a mix of advanced sensors and potentially a fleet of in-space interceptors designed to defeat enemy missiles. Officials have said this initial analysis phase involves determining which existing capabilities to scale and what new technologies it will need to develop. Boeing's Michelle Parker told Defense News the company's conversations with the Pentagon about Golden Dome have focused on which production lines the company can ramp up and where it can invest over time to bring new technology to existing systems. 'In addition to the technology aspects of Golden Dome, it's the ability to get something quickly at scale,' she told Defense News in an interview at Space Symposium in Colorado Springs. 'So, what do you have now that can get up there and start to be part of that architecture, and then how do you evolve it?' Boeing has been evolving its X-37B, an orbital test vehicle, on a regular basis since its first mission in 2010. While not an operational spacecraft, the vehicle is used to fly experiments and test maneuvers and operational concepts in orbit, most of them veiled in secrecy. The reusable spacecraft returned from its seventh mission in March, where it demonstrated a novel aerobraking maneuver, which allows it to change orbits using minimal fuel. Space Force officials said the learnings from this mission will inform future space operations. Boeing has built two X-37Bs, to date, and Parker said the company has the capacity to produce more if called upon. 'We would love to do that, and we believe we can,' she said. Parker declined to discuss specifics about Boeing's proposal for how existing capabilities might fit into the Golden Dome architecture. It's possible the X-37B could be used to support what will likely be a rigorous test program required to validate space-based interceptor technology and the sensor network. Boeing also has expertise supporting missile warning and defense programs. Its small satellite subsidiary, Millennium Space Systems, is developing satellites for the Space Force's Resilient Missile Warning and Missile Tracking layer in medium Earth orbit. The company is also providing satellites for the Space Development Agency's Foo Fighter program. Millennium is under contract to build eight Foo Fighter satellites — and the associated ground systems — that can detect and track hypersonic missile threats. The spacecraft will carry sensors from L3Harris. Millennium recently passed a key design review for the program, keeping it on track to deliver the first eight satellites by 2026. To help meet Foo Fighter production demands, Parker said Boeing is expanding Millennium's footprint within the larger company's satellite factory, essentially doubling its capacity. If DOD calls on the firm to produce more of these spacecraft, she said, Boeing is prepared to do that and will look at ways to use more automated manufacturing tools to streamline and make more space where needed. 'We're trying to take an approach that we've got our stable production lines operating. If the demand signal says expand, we can do that within the space we have,' she said.
Yahoo
07-04-2025
- Business
- Yahoo
Why Rocket Lab Shares Are Jumping Today?
April 7 - Rocket Lab (NASDAQ:RKLB) shares climbed about 5% on Monday afternoon following a spike in call option volume, signaling rising investor confidence ahead of the company's next earnings release. Warning! GuruFocus has detected 2 Warning Sign with RKLB. The bullish momentum appeared to be fueled by optimism surrounding Rocket Lab's recent role in U.S. defense space contracts tied to the Space Development Agency. Traders also pointed to the surge in call interest as a possible indicator of expectations for upbeat quarterly results. The gains came despite broader market headwinds, including lingering tariff concerns that have weighed on indexes such as the Russell 2000. Still, sentiment around Rocket Lab's strategic direction appears resilient. Analysts have maintained a generally positive outlook on the aerospace firm's prospects, though they've flagged execution risks tied to its expanding government and commercial pipeline. Shares were last trading near $17.5 as of early Monday afternoon. This article first appeared on GuruFocus.
