Transferring Coverage

Research evidence excerpt

Transferring Coverage

Aerospace & Defense Electronics

Equity Research

June 9, 2026

Company Description

BlackSky Technology

Founded in 2014, BlackSky Technology is a space-based intellence company that delivers real-time imagery along with analytics supported by its

constellation of satellites along with its Spectra tasking and analytics software platform.

MDA Space

MDA Space is a pureplay space company operating across three segments including Satellite Systems, Robotics & Space Operations, and

Geointelligence. Its deep legacy spans 55+ years with mature technology that in many cases is ahead of peers driving broad based demand and

international opportunities across Canada as a national champion with a growing business across the U.S., Europe and Asia.

NextVision

NextVision is a leading provider of advanced stabilized imaging solutions serving the defense, homeland security and commercial markets. Majority

of the business is into the defense market serving Israeli, US and European customers.

Palladyne AI

Palladyne AI is a software company focused on autonomy for robotic systems. Its solutions are backed by advanced artificial intelligence and machine

learning software that can be applied to traditional robotics and extends to Unmanned Aerial Vehicles, Unmanned Ground Vehicles and Remotely

Operated Vehicles. End markets served includes automotive, aviation, construction, defense, general manufacturing, infrastructure, inspection, logistics

and warehousing.

Redwire

Redwire is a pure-play space infrastructure company with a broad array of products and services that have enabled space missions since the 1960s.

Many of the company’s technologies are flight-proven and have been adopted by a broad range of customers across national security, civil, and

commercial space.