Voyager Wins Raytheon Contract for SM-3 Propulsion Tech
VOYG sits 96% above its 52-week low of $17.41.
Summary
Voyager Technologies has been awarded a contract by Raytheon to supply solid controllable throttleable propulsion technology and divert, attitude and control systems (DACS) for the Standard Missile-3 (SM-3) interceptor family. The contract leverages Voyager's decade-plus experience in DACS, which provides precision maneuvering for missile defense. This win adds to a strong recent run: Voyager just posted record Q2 results with $52.7M revenue and raised full-year guidance, and completed the Astrobotic acquisition. The Raytheon award signals growing demand for Voyager's propulsion systems in missile defense, a high-priority area for the U.S. and allies. No financial terms were disclosed, but the contract reinforces Voyager's position in a critical defense segment.
At the time of this announcement, VOYG was trading at $34.21 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $17.41 to $52.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.