Home / Themes / Modern Warfare '26: Warfare in Iran

Modern Warfare '26: Warfare in Iran Portfolio (view performance)

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Theme no thesis · 2/5 sections · Tickers 10 with notes · 4 pending

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Bull / Bear Details has the investment thesis and bull/bear points. Overview is monitoring guidance (hiring, forums, second-order trends, search keywords, Google Trends, datasets).

Overview

Hiring Trend Watchpoints

High-performing operators in this theme are expected to show aggressive hiring in specialized technical and manufacturing roles, driven by increased defense spending and the need for production ramp-up. Watch for significant increases in job postings for AI/ML engineers, software developers (especially for C4ISR and autonomous systems), advanced manufacturing technicians, supply chain specialists, and cybersecurity experts. Geographically, expect concentrated hiring in established defense hubs in the U.S. (e.g., Longmont, Colorado for nLIGHT; Florida for LightPath; New York for FEIM) and Europe (e.g., Sweden for Saab; Germany, UK for BAE Systems; various European locations for Elbit Systems). Confirmation of theme execution would be indicated by a sustained increase in job postings for these critical roles, particularly those related to high-rate production, AI integration, and supply chain resilience. Conversely, a deterioration would be signaled by hiring freezes, a shift towards temporary contract labor over permanent positions, or a decline in postings for R&D and advanced technology roles, suggesting a slowdown in innovation or capacity expansion. The aerospace and defense industry faces a severe talent challenge, with workforce availability being a binding constraint on growth, and attrition rates more than double the cross-industry U.S. average. Companies are investing in attraction and retention, but outcomes have not materially improved.

Forum Watchlist

  • Reddit — r/CredibleDefenseHigh

    Discussions on advanced military technology, geopolitical analysis, and strategic implications of conflicts, particularly in the Middle East. Look for insights on new defense programs, equipment performance, and expert opinions on regional stability.

  • Reddit — r/geopoliticsHigh

    Analysis and discussion of international relations, major global events, and their impact on defense policies and spending, with a focus on the Middle East and Iran.

  • Forum — Defense Industry Daily ForumMedium

    Discussions among defense professionals regarding contract awards, program updates, technology developments, and supply chain challenges relevant to modern warfare. Look for mentions of specific technologies or companies within the theme.

  • Forum — Space-Track.org Forums / CommunityMedium

    Technical discussions and updates related to satellite operations, space situational awareness, and orbital data. Relevant for companies like Planet Labs, BlackSky, and Iridium.

  • Reddit — r/militaryLow

    General military news, equipment discussions, and operational insights that may indirectly reflect demand for theme-related technologies.

Second Order Trends

Several second-order trends are accelerating within this theme, driven by the evolving nature of modern conflict and geopolitical tensions. **AI and Agentic AI Integration** is rapidly moving from experimentation to mission- and enterprise-scale deployment across defense, focusing on operational advantage, autonomous mission planning, real-time collision avoidance, and geospatial targeting. This is evident in Planet Labs' AI app and SuperRes, BlackSky's Spectra AI, Elbit's AI-powered C4ISR, and Saab's R&D in AI-enabled command and control. Another critical trend is **Supply Chain Resilience and Domestic Sourcing**, with a strategic shift to secure supply chains against geopolitical adversaries and reduce reliance on foreign components, particularly for critical materials like germanium. LightPath's proprietary, germanium-free Black Diamond glass and BAE's investments in U.S. microelectronics exemplify this. **Alternative Position, Navigation, and Timing (PNT) Solutions** are gaining urgency due to GPS jamming in conflict zones, driving demand for resilient and assured PNT capabilities from companies like Frequency Electronics and Iridium. Furthermore, the rapid proliferation of **Counter-UAS (C-UAS) and Directed Energy Weapons** is a significant area of investment, with high-power lasers and advanced missile systems being developed to neutralize drone threats. Elbit Systems' directed energy weapons and nLIGHT's directed energy programs are key examples. Finally, the push for **Sovereign Satellite Capabilities** is intensifying, with nations seeking independent space-based intelligence and communication assets, as seen with Planet Labs' sovereign satellite services and BlackSky targeting sovereign nations for mission solutions. This is contributing to the significant growth of the geospatial intelligence market, projected to reach over $50 billion by 2034, with AI/ML-based geospatial analytics being the fastest-growing segment.

Search Keywords Brand Product

  • Gripen fighter jet
  • GlobalEye AEW&C
  • A26 submarine
  • T-7 Red Hawk
  • Iridium 9604 IoT module
  • Iridium PNT ASIC
  • Iridium Certus
  • PlanetScope
  • Pelican satellite
  • SuperRes imagery
  • Spectra AI platform
  • AROS satellites
  • PULS rocket artillery
  • Iron Fist APS
  • DIRCM
  • Hermes UAV
  • HELSI-2
  • DE M-SHORAD
  • Black Diamond glass
  • QuadStar missile program
  • NGSRI
  • CV90 combat vehicle
  • MBDA missiles
  • APKWS
  • THAAD Seeker
  • LRASM

Search Keywords Policy Regulatory

  • NDAA defense spending
  • EOCL contract
  • Golden Dome initiative
  • Space Development Agency (SDA) contracts
  • NATO defense procurement
  • EU defense spending
  • US defense supply chain security
  • critical materials defense

Search Keywords Event Phrases

  • 2026 Iran war
  • Strait of Hormuz blockade
  • US Israel airstrikes Iran
  • Poland submarine contract
  • Ukraine Gripen E jets
  • Canada GlobalEye selection
  • NATO GlobalEye selection
  • Lockheed Martin QuadStar production
  • SDA Tracking Layer deployment
  • CV90 6-Nation Common Platform Agreement

Google Trend Product Category Intent

• GlobalEye aircraft capabilities • Gripen fighter jet cost • Iridium PNT services • Planet Labs satellite imagery • BlackSky geospatial analytics • directed energy weapon technology • thermal optics defense applications

Google Trend Consumer Intent

• geopolitical tensions Middle East • defense technology investment • satellite intelligence market • military communications solutions • Iran conflict news

Google Trend Macro Policy Terms

• global defense budget increase • national security spending trends • aerospace defense workforce

Top datasets to track

1. Global Military Expenditure Database (SIPRI) Type: Economic Data · Provider: Stockholm International Peace Research Institute (SIPRI) Cadence: Annual (with interim updates) Why it matters: Tracks worldwide defense spending, indicating the overall market growth and regional shifts that directly impact theme members' backlogs and revenue. Suggested query: SIPRI military expenditure report 2026 Confidence: High

2. USASpending.gov Federal Contract Awards Type: Government Data · Provider: U.S. Government Cadence: Daily/Weekly Why it matters: Provides granular data on U.S. government defense contracts awarded to theme members and their prime contractors, signaling new programs, funding, and execution. Suggested query: USASpending.gov 'company_name' defense contracts Confidence: High

3. Space-Track.org Satellite Catalog Type: Alternative Data · Provider: U.S. Space Force (18th Space Defense Squadron) Cadence: Daily (multiple times) Why it matters: Monitors the deployment and status of satellite constellations, crucial for ISR providers like Planet Labs, BlackSky, and Iridium, and indicates activity in the space defense domain. Suggested query: Space-Track.org new satellite launches Confidence: High

4. Aerospace & Defense Workforce Data (AIA/BLS) Type: Economic Data · Provider: Aerospace Industries Association (AIA) / Bureau of Labor Statistics (BLS) Cadence: Annual/Quarterly Why it matters: Indicates the health and capacity of the defense industrial base, tracking employment, wages, and skill gaps, which are critical constraints for theme members' production ramp-up. Suggested query: AIA Aerospace Defense workforce report 2026 Confidence: High

5. Geospatial Intelligence Market Size & Forecasts Type: Market Research Data · Provider: Various (e.g., Strategic Revenue Insights Inc., SNS Insider, MarkNtel Advisors) Cadence: Annual Why it matters: Tracks the growth and segmentation of the geospatial intelligence market, directly impacting revenue opportunities for Planet Labs and BlackSky, particularly the accelerating AI/ML analytics segment. Suggested query: Geospatial Intelligence market size 2026 Confidence: High

Industry Publications
[{"name":"Defense News","domain":"defensenews.com","why":"Premier source for global defense politics, business, and technology, covering military and industry decision-makers. Regularly reports on defense budgets, programs, and international conflicts."},{"name":"C4ISRNET","domain":"c4isrnet.com","why":"Focuses on command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) technologies, which are central to modern warfare and this theme."},{"name":"Aviation Week & Space Technology","domain":"aviationweek.com","why":"Provides critical insights and analysis on technological advancements, program development, and emerging trends in global aerospace and defense, including missile defense, space, and electronic warfare."},{"name":"Breaking Defense","domain":"breakingdefense.com","why":"Offers news and analysis on defense strategy, technology, and policy, often with in-depth coverage of emerging military capabilities and geopolitical developments."},{"name":"SpaceNews","domain":"spacenews.com","why":"Essential for tracking developments in the space industry, including satellite constellations, launch services, and space-based intelligence, directly relevant to Planet Labs, BlackSky, and Iridium."},{"name":"National Defense Magazine","domain":"nationaldefensemagazine.org","why":"Provides authoritative, non-partisan coverage of business and technology trends in defense and homeland security, with special reports on defense budgets, military tactics, and strategy."}]

LLM_Approved · Updated 2026-08-06

Upcoming Catalysts57 rows
Catalyst IDEstimated TimingEstimated Date StartEstimated Date EndCatalystWhy It MattersTicker Or Theme SpecificTranscript DateSource TypeCatalyst Source
SAAB-B.ST_b8c11c25next quarter2026-07-012026-09-30Booking of the contract for 16 Gripen E fighter jets for Ukraine.This contract for 16 Gripen Es will significantly increase Saab's order intake and backlog, demonstrating strong international demand and successful execution in the fighter aircraft segment.Ticker2026-07-17earnings_transcriptSAAB-B.ST (ticker)
SAAB-B.ST_70a4819aQ3 2026 or later2026-07-012026-09-30Finalization of the GlobalEye Airborne Early Warning and Control (AEW&C) system contract with NATO.NATO has selected GlobalEye for roughly 10 aircraft to replace the E-3A, which will significantly boost Saab's order backlog and reinforce its strategic position as a key provider of advanced surveillance capabilities to the NATO alliance.Ticker2026-07-17earnings_transcriptSAAB-B.ST (ticker)
SAAB-B.ST_c786110bexactly when they will make that decision, I don't know. (Still under consideration as of early June 2026)2026-07-032027-12-31Canada's high-level political decision on potentially adopting Gripen fighters for a dual fleet strategy or establishing sovereign aeronautics capacity, following ongoing discussions.A positive decision would open a new, potentially large market for Gripen fighters and industrial collaboration, significantly impacting Saab's Aeronautics segment's future order intake and revenue.Ticker2026-02-05earnings_transcriptSAAB-B.ST (ticker)
SAAB-B.ST_5d9b6c4bThat will continue a bit this year to improve even further... No, not yet. We're working it. And we'll tell you when we have done it completely. (2026)2026-07-032026-12-31Completion of efforts to mitigate or divest loss-making business within the Surveillance segment.Will improve the overall profitability and EBIT margin of the Surveillance business area, contributing to group-level financial performance.Ticker2026-02-05earnings_transcriptSAAB-B.ST (ticker)
BA.LSE_69d79eccsoon expect to receive2026-08-072026-12-31Receipt of a 7-year contract for 2,800 THAAD seekers, representing a fourfold increase in procurement for the Terminal High Altitude Area Defense program.This contract secures a significant, multi-year revenue stream and quadruples production rates for a critical munition, enhancing BAE's position in missile defense and contributing to the Electronic Systems segment's growth.Ticker2026-07-30earnings_transcriptBA.LSE (ticker)
BA.LSE_8a515bd1currently in negotiations2026-08-072026-12-31Finalization of a 5-Nation CV90 program agreement, leading to orders for over 400 additional CV90 vehicles for Hägglunds.This would significantly boost the order backlog and production rates for Hägglunds, driving strong revenue growth in the Platforms & Services segment and reinforcing BAE's position in European land defense.Ticker2026-07-30earnings_transcriptBA.LSE (ticker)
BKSY_f9f75a2cthroughout 2026 with a goal of 8 to 9 Gen-3s on orbit by the end of this year2026-03-032026-12-31BlackSky aims to expand its Gen-3 satellite constellation, targeting 8 to 9 Gen-3 satellites on orbit by year-end 2026.This expansion will significantly increase imaging capacity, improve revisit rates, and drive revenue growth through increased customer adoption and monetization of Gen-3 capabilities. Successful deployment is bullish, delays or failures are bearish.Ticker2026-02-26earnings_transcriptBKSY (ticker)
BKSY_a31bda4athroughout 20262026-03-032026-12-31BlackSky expects to expand its portfolio of customer-funded R&D programs, focusing on advanced space and AI capabilities.These programs augment internal R&D, drive innovation in next-generation satellites and AI, and can lead to future product offerings and revenue streams. Expansion of these programs is bullish.Ticker2026-02-26earnings_transcriptBKSY (ticker)
BKSY_b3f89293later this year or early next year2026-07-012027-03-31Launch of a Gen-3 satellite for a recently announced 8-figure multiyear contract with a new international mission solutions customer.Successful launch and commissioning will fulfill a major contract, contribute to mission solutions revenue, and potentially lead to further expansion and follow-on contracts with this customer.Ticker2026-02-26earnings_transcriptBKSY (ticker)
BKSY_62bf57c3this year2026-03-032026-12-31Announcement of additional multi-year, 8-figure or larger sovereign mission solutions contracts with international customers.These large, lumpy contracts drive significant revenue, expand the company's backlog, and demonstrate continued strong international demand for BlackSky's Gen-3 solutions, providing strong revenue visibility.Ticker2026-02-26earnings_transcriptBKSY (ticker)
ESLT_ca6881adfor the future2025-10-012027-09-30Elbit Systems' ability to achieve targeted growth in European backlog and maintain a flattish domestic (Israel) backlog.Success in growing European backlog is crucial for overall company growth and revenue diversification, especially if domestic demand slows post-ceasefire. Failure to achieve this could negatively impact revenue and investor sentiment.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_d85d365econtinue to see growth2025-10-012026-09-30Elbit Systems' Aerospace segment achieving single-digit revenue growth.The Aerospace segment is a significant part of the business. Achieving this growth is important for overall revenue targets and demonstrates the company's ability to capitalize on U.S. defense spending and UAV demand.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_a6aff2abnext year, we'll see many more orders here in Israel for ground high-power lasers.2026-01-012026-12-31Receipt of 'many more orders' in Israel for ground high-power lasers following the IRON BEAM deployment.Significant follow-on orders would confirm market acceptance and revenue potential for Elbit's directed energy solutions, impacting future revenue and backlog.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_90bf902econtinue to improve2025-10-012026-09-30Elbit Systems' ability to continue improving its profitability (margins) and cash conversion.Continued margin expansion and strong cash conversion are key indicators of operational efficiency and financial health, directly impacting EPS and valuation.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_83b27d68certainly look for opportunities, for acquisitions in the U.S., we are exploring the market.2025-10-012027-09-30Elbit Systems pursuing and completing M&A transactions in the U.S.Successful M&A could expand Elbit's U.S. market presence, product portfolio, and revenue streams, leveraging the U.S. DoD budget and potentially impacting valuation.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_26ff2cb6planning to pursue it2025-10-012026-09-30Elbit Systems securing new contracts for border protection systems in the U.S.Winning new border protection contracts would diversify revenue, capitalize on existing capabilities, and contribute to backlog growth.Ticker2025-11-18earnings_transcriptESLT (ticker)
ESLT_208db52cthis year, we believe that we will start delivering equipment from the Ramat Beka facility. Actually, it should happen quite soon.2026-04-012026-12-31Elbit Systems expects to begin delivering equipment from its expanded Ramat Beka facility in Israel.This event is crucial for addressing growing global capacity constraints and meeting elevated demand, potentially enabling higher revenue generation and backlog conversion.Ticker2026-03-17earnings_transcriptESLT (ticker)
ESLT_eafb3de0we hope to get the contract soon2026-04-012026-09-30Elbit Systems anticipates securing a significant contract from the Hellenic Armed Forces for its PULS rocket artillery system, following parliamentary approval and ongoing commercial negotiations.This large contract, potentially worth $750 million, would add to Elbit's record backlog, further strengthening its position in the European defense market and providing future revenue visibility.Ticker2026-03-17earnings_transcriptESLT (ticker)
ESLT_a7a918edThe parliamentary window expected in the second half of 2026 will determine the contractual arrangements and initial deliveries.2026-07-012027-03-20Germany is expected to finalize a major procurement framework agreement for up to 500 EuroPULS rocket artillery systems, with contractual arrangements and initial deliveries determined during a parliamentary window.This substantial contract, potentially worth €6 billion, would establish Germany as a key EuroPULS production hub and significantly boost Elbit's revenue and market share in Europe.Ticker2026-03-17earnings_transcriptESLT (ticker)
FEIM_0fd4ce53additional awards in this calendar year2026-03-112026-12-31Frequency Electronics anticipates winning additional significant contracts, potentially 'as large or larger than the biggest ones we have historically announced,' in both traditional space and new proliferated satellite/Alt PNT business lines.These awards would materially increase backlog and future revenue potential, signaling continued strong demand and positively impacting investor sentiment and valuation.Ticker2026-03-11earnings_transcriptFEIM (ticker)
FEIM_e2a395b5grow dramatically over the next—even over the next couple of quarters and definitely over the next couple of years2026-03-112028-03-11Dramatic revenue growth from the Turbo product line, with management expressing increased optimism and anticipating significant expansion.This growth represents a substantial new revenue stream and validates the company's investment in this product, positively impacting top-line growth and market perception.Ticker2026-03-11earnings_transcriptFEIM (ticker)
FEIM_d37de2f9over the next decade turning that development revenue into product-based revenue2026-03-112036-03-11Transition of current Alt PNT development funding into significant product-based revenue from alternative position, navigation, and timing systems, including quantum sensing and magnetometers.This represents the monetization of long-term R&D investments, opening up a large and growing market for FEIM and diversifying its revenue base, which could drive long-term growth.Ticker2026-03-11earnings_transcriptFEIM (ticker)
FEIM_92af5b7dgross margin to move up over time, particularly as we add more business with a higher rate of unit production and follow-on business from successful programs2026-03-112028-03-11Improvement in consolidated gross margin rate, driven by a favorable shift in program mix towards higher-margin production satellite programs and increased unit production, especially in proliferated satellite business in the long run.Higher gross margins directly translate to improved profitability and can significantly impact the company's financial performance and valuation.Ticker2026-03-11earnings_transcriptFEIM (ticker)
FEIM_203883adanticipate showing more operating leverage going forward as additional revenue should expand at a much faster rate than expenses2026-03-112028-03-11Expansion of operating leverage as revenue grows at a faster rate than operating expenses, particularly as non-recurring expenses related to investments normalize.Improved operating leverage indicates greater efficiency and can lead to accelerated profit growth, enhancing investor confidence and valuation.Ticker2026-03-11earnings_transcriptFEIM (ticker)
IRDM_85be6c53expect they will exercise their option to extend the EMSS contracts for a period of 6 months at current rates2026-04-012026-09-30US government decision to exercise the 6-month extension option for the Enhanced Mobile Satellite Services (EMSS) contract.While expected, the formal exercise of the option ensures continued revenue at current rates for an additional six months, bridging to a new long-term contract and providing revenue stability.Ticker2026-04-23earnings_transcriptIRDM (ticker)
LASR_f0364066over the coming months, in the coming quarters, in the first half of the year or a little bit later in the year2026-03-012026-12-31Awarding of new directed energy and laser sensing contracts, including new prototypes, from U.S. government agencies (e.g., for counter-UAS and Golden Dome initiatives) and potentially international allies.These awards are crucial for driving nLIGHT's revenue growth in 2026 and 2027, particularly in the high-priority A&D markets, and validate the company's technology and market position.Ticker2026-02-26earnings_transcriptLASR (ticker)
LASR_bde18a39by the time we're in the second half of the year, those revenue streams are effectively at 02026-07-012026-12-31Full cessation of revenue contribution from nLIGHT's cutting and welding markets.While creating a revenue headwind of $25M-$30M for 2026, this strategic exit allows nLIGHT to reallocate resources to higher-growth A&D and advanced manufacturing segments, potentially improving long-term margins and focus.Ticker2026-02-26earnings_transcriptLASR (ticker)
LASR_2959a756starting that work right now, over the next couple of years2026-02-282028-02-28Completion and full operationalization of nLIGHT's new 50,000 square foot manufacturing facility in Longmont, Colorado.This expansion will double manufacturing capacity, enabling nLIGHT to meet anticipated strong demand and deliver multiple high-energy lasers and weapon modules, supporting future revenue growth.Ticker2026-02-26earnings_transcriptLASR (ticker)
LASR_923fca83nothing imminent today, flexibility to be at least opportunistic2026-02-282028-02-28nLIGHT pursuing opportunistic mergers and acquisitions.M&A could significantly alter nLIGHT's strategic direction, market position, technology portfolio, and financial performance.Ticker2026-02-26earnings_transcriptLASR (ticker)
PL_0504b46enext year2026-01-012026-12-31Planet Labs begins ramping operations at its new Berlin satellite manufacturing facility, aiming to roughly double Pelican production capacity.Increases manufacturing capacity to meet growing demand from the European market and supports the expansion of the high-resolution Pelican fleet.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_c1b1727blater in calendar year 20262026-07-012026-12-31Launch of the first technology demonstration satellite for Planet's Owl next-generation monitoring fleet, aiming for 1-meter resolution and lower latency.Represents a significant upgrade to broad area monitoring capabilities, expanding applications and potentially driving future revenue growth.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_d79a7bfainto fiscal 20272026-02-012027-03-31Planet Labs sustaining its Q4 FY2026 revenue growth rate and achieving its fiscal year 2027 revenue and adjusted EBITDA targets (breakeven or better, annual cash flow positive).Confirms continued strong business momentum, execution on financial goals, and validates the company's growth trajectory and profitability path.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_cd5fd362ongoing2026-03-102027-03-10Planet Labs converting its robust pipeline of strategic satellite services opportunities into new contracts.New multi-year sovereign Satellite Services contracts expand TAM, fund fleet growth, and diversify revenue streams, driving defense and intelligence segment growth.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_4b54dc8bin the future2026-03-102027-03-10Expansion of Planet Labs' relationships with the National Reconnaissance Office (EOCL program) and NASA (Commercial Satellite Data Acquisition Program).Increased contract value and scope from critical government customers would drive revenue growth and reinforce Planet's position as a key commercial technology provider to the US government.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_13a2683efuture2026-03-102027-03-10Reacceleration of revenue growth in Planet Labs' commercial sector, driven by the adoption of AI-enabled solutions across various industries.Commercial growth is crucial to the 'dual-engine' growth narrative and would diversify revenue beyond government contracts, validating the broader market opportunity.Ticker2025-12-10earnings_transcriptPL (ticker)
PL_8fc46f4cwill now compete for awards under that program2026-03-192027-01-31Winning awards under the U.S. Missile Defense Agency's SHIELD IDIQ contract vehicle.Securing awards under this significant contract vehicle could materially boost revenue in the Defense and Intelligence segment and solidify Planet's role as a prime contractor for critical government programs.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_7a840b86The demand is significant, and reflected in our pipeline which has grown appreciably in both number of deals and average deal size since we spoke about this at our Investor Day in October. We are leaning into this demand2026-03-192027-01-31Conversion of the growing Satellite Services pipeline into new multi-year deals.Successful conversion of these deals would significantly increase backlog, provide capital for fleet build-outs, and accelerate revenue growth, particularly in the high-value government sector.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_4cfa9d1bWe are leaning into this demand by expanding our manufacturing capacity in San Francisco and building out our second manufacturing location in Berlin.2026-03-192027-01-31Ramp-up of the Berlin satellite manufacturing facility to double production capacity.The successful ramp-up of the Berlin facility is crucial for meeting the strong demand for sovereign satellite systems and fulfilling existing and future Satellite Services contracts, directly impacting future revenue and margins.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_0d3c08cdWe are scaling our Pelican fleet with multiple launches scheduled this year.2026-03-192027-01-31Multiple Pelican satellite launches to scale the high-resolution fleet.Successful launches and commissioning of Pelican satellites are vital for expanding high-resolution imaging capabilities, fulfilling customer demand for advanced data, and driving revenue growth from data subscriptions and solutions.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_b538e01eWe are launching demos of our Owl and SunCatcher spacecraft. ... This year, we expect to see the start of returns on our investments in AI.2026-03-192027-01-31Launch of Owl and SunCatcher spacecraft technology demonstrations.Successful demonstrations of these next-generation spacecraft could validate new technologies for improved resolution, lower latency, and in-space AI compute, potentially unlocking significant future market opportunities and enhancing Planet's competitive differentiation.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_d6fd225eThis year, we expect to see the start of returns on our investments in AI. ... I think you are going to start to see this come to fruition this year.2026-03-192027-01-31AI-enabled generic solutions unlocking new commercial markets.The successful development and adoption of generic AI solutions could democratize access to Earth intelligence, significantly expand Planet's addressable market in commercial sectors (e.g., agriculture, insurance, finance), and drive new revenue streams.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_19477ec3it will require some investment across Sales and Marketing. And I did highlight that as one of the investment areas for us this year.2026-03-192027-01-31Targeted Sales & Marketing investments to drive Commercial and Civil Government sector growth.Effective deployment of these investments is crucial for reaccelerating growth in the Commercial and Civil Government sectors, leveraging new AI-enabled solutions, and diversifying revenue streams beyond the currently strong Defense and Intelligence segment.Ticker2026-03-19earnings_transcriptPL (ticker)
PL_2fbbdb0fupcoming Transporter-17 mission2026-07-012026-09-30Launch of the Pelican 11 satellite, the first Gen 2 Pelican technology demonstration, aboard the upcoming Transporter-17 mission with SpaceX.This launch is critical for demonstrating the Gen 2 Pelican's capabilities, including up to 30-centimeter class imagery and improved latency, which are key for future product competitiveness and market demand.Ticker2026-06-04earnings_transcriptPL (ticker)
PL_87a7b94bas the conflict results2026-06-052027-06-05Lifting of indefinite restrictions on satellite imagery access for public consumption in the Middle East conflict region.While core customers are unaffected, restoring public access could improve Planet's public image, mitigate potential reputational risks, and allow for broader market engagement in the region.Theme2026-06-04earnings_transcriptPL (ticker)
IRDM_577f238elater this year2026-10-012026-12-31Commercial launch of Iridium NTN Direct standards-based service.This service is expected to expand agreements with Mobile Network Operators (MNOs) and chip manufacturers, opening new scalable specialty applications for low-cost IoT and driving future revenue growth.Ticker2026-04-23earnings_transcriptIRDM (ticker)
IRDM_26c07641expected to come out later this year2026-10-012026-12-31Release of new FAA Part 1 rules for drones.These rules are expected to open up beyond visual line of sight commercial drone operations, creating significant new market opportunities for Iridium's communication and PNT technologies in the drone sector.Theme2026-04-23earnings_transcriptIRDM (ticker)
IRDM_b596f9ablater this year2026-10-012026-12-31Release of new FAA Part 1 rules to open up beyond visual line of sight commercial drone operations.This regulatory change would create a significant new commercial market for Iridium's communication and PNT technologies in drones, expanding its addressable market.Theme2026-04-23earnings_transcriptIRDM (ticker)
LASR_7359c821late 20262026-10-012026-12-31Completion of the $171 million HELSI-2 program to develop a 1-megawatt high-energy laser.Represents a significant program milestone, validating nLIGHT's high-power laser technology and potentially leading to follow-on production opportunities and further market penetration.Ticker2026-02-26earnings_transcriptLASR (ticker)
PL_1a1de555once we get that in albeit start seeing how it performs2026-10-012027-03-31Evaluation of the performance of the Gen 2 Pelican tech demo (Pelican 11) regarding its 30-centimeter imagery and real-time insights capabilities.Successful performance validation is crucial for scaling the Gen 2 Pelican fleet, which will enhance Planet's competitive edge in high-resolution imagery and low-latency data, impacting future revenue and market share.Ticker2026-06-04earnings_transcriptPL (ticker)
PL_5f763fc9scheduled for the end of this year2026-10-012026-12-31Completion of building and potential launch of Planet's first demo spacecraft for the Project SunCatcher orbital compute initiative with Google.This milestone is a critical step in validating the feasibility of in-space AI compute, a 'moonshot' project with Google that could provide significant long-term technological leadership and open new market opportunities for Planet.Ticker2026-06-04earnings_transcriptPL (ticker)
PL_35292ba4planned for launch later in calendar year 20262026-10-012026-12-31Launch of the first tech demo for the Owl next-generation monitoring fleet, designed to upgrade daily monitoring data to a 1-meter class resolution product.This launch is a key step towards improving data resolution and latency, enhancing Planet's product offerings and competitive position, which could drive increased customer demand and revenue.Ticker2026-06-04earnings_transcriptPL (ticker)
PL_42d037baearly days in the testing2026-12-012028-06-04General availability and significant market adoption of Planet's new AI app for natural language query of its data archive.This app has the potential to accelerate business expansion into new markets and significantly lower the barrier to entry for non-technical users, driving revenue growth and market diversification.Ticker2026-06-04earnings_transcriptPL (ticker)
SAAB-B.ST_05f8d5d4early next year2027-01-012027-03-31Inauguration of the new Dynamics manufacturing facility in India.This facility, expected early next year, will further enhance Saab's global production capacity for Dynamics products, supporting long-term growth and meeting increasing international demand.Ticker2026-07-17earnings_transcriptSAAB-B.ST (ticker)
SAAB-B.ST_e170dd82coming into play next year (2027)2027-01-012027-12-31Saab's new Carl-Gustaf manufacturing facility in India commencing significant production and contributing to results.Expands production capacity to meet strong market demand for Dynamics' portfolio, supporting future revenue growth and strengthening Saab's 'Make in India' commitment.Ticker2026-02-05earnings_transcriptSAAB-B.ST (ticker)
BA.LSE_9c619966from 1st of January 20272027-01-012027-01-01BAE Systems will streamline its business from 5 reporting segments to 4, with reporting under the new structure commencing on January 1, 2027.This organizational change aims to improve agility and effectiveness by embedding cyber intelligence and digital capabilities, potentially leading to operational efficiencies and better alignment with customer needs.Ticker2026-07-30earnings_transcriptBA.LSE (ticker)
PL_eef66e97early 20272027-01-012027-04-30Deployment of two prototype satellites for Project SunCatcher, a funded R&D initiative with Google to enable scaled AI computing in space using TPUs.Tests critical components for future scaled space-based AI computing, potentially opening a large new market opportunity and leveraging Planet's satellite expertise.Ticker2025-12-10earnings_transcriptPL (ticker)
SAAB-B.ST_a1bffaf2a couple of years more (from Feb 2026), looking at '28, '29 actually.2028-01-012029-12-31Saab's portion of the T-7 Red Hawk trainer program reaching profitability, driven by increased deliveries and potential contract renegotiations.Improved profitability in the Aeronautics segment by reducing under-absorption in the West Lafayette facility and potentially securing additional contract value.Ticker2026-02-05earnings_transcriptSAAB-B.ST (ticker)

LLM_Approved · Updated 2026-08-07

Constituents

  • LPTHT13.5%
    — LightPath Technologies, Inc.
  • SAAB-B.STT13.5%
    — Saab AB (publ)
  • ARXST2
    — Arxis, Inc. Class A Common Stock
  • BA.LSET2
    — BAE Systems plc
  • BKSYT2
    — BlackSky Technology Inc.
  • ESLTT2
    — Elbit Systems Ltd.
  • FEIMT2
    — Frequency Electronics, Inc.
  • IRDMT2
    — Iridium Communications Inc.
  • LASRT2
    — nLIGHT, Inc.
  • PLT2
    — Planet Labs PBC
  • AERGT2
    · no notes yet
  • ELRN.TAT2
    · no notes yet
  • MRCYT2
    · no notes yet
  • PNG.VT2
    · no notes yet