$YSS

Piper Sandler initiated coverage of three space and defense tech companies, rating HawkEye 360 (HAWK) Overweight due to its signals intelligence capabilities and contract wins, while York Space Systems (YSS) and Redwire (RDW) received more cautious ratings due to concerns about contract uncertainty and scale.

Piper Sandler initiated coverage of Redwire (RDW) and York Space Systems (YSS) with 'Neutral' ratings and price targets of $11 and $9, respectively. RDW is down 3.4% in pre-market, extending a 7-day losing streak, while YSS is down 0.3%, on track for a 9-day streak. Piper cited competition and growth risks in the space and defense industries. RDW has a $542M backlog, including a recent U.S. Space Force contract opportunity.

Piper Sandler initiated coverage on York Space Systems (YSS) with a Neutral rating and a $9.00 price target, citing potential upside from its current $5.95 share price. The company, which focuses on defense-related space technology, has seen its stock fall 82.3% year-to-date. Recent Q2 revenue was $92.5 million, up 10% YoY, but with an adjusted EBITDA loss of $9.5 million. Analysts have mixed views on YSS's future, with price targets ranging from $11 to $18.

York Space Systems (YSS) received two task orders from the U.S. Space Force for the Space Data Network program, focusing on multi-vendor interoperability and Space Exchange Point integration. The orders involve developing space-based data-transport capabilities using commercial technologies. York will support demonstrations and planning for spacecraft and ground element connections. The company's CEO and EVP highlighted the awards' role in advancing the program's objectives.

York Space Systems (YSS) announced its Tetra 3 and 4 missions for the U.S. Space Force cleared critical design review, on track for 2026 delivery. The missions, codenamed Nemesis, expand into Geosynchronous Earth Orbit, demonstrating space object tracking and proximity operations for national security. York integrated new sensors and a propulsion system, avoiding major structural changes. The company stated it adds a ninth unique mission set to its defense portfolio.

York Space Systems (YSS) launched a new spacecraft bus for very low Earth orbit (VLEO), designed to operate for over three years using Hall-effect plasma thrusters. Competitors like Redwire and Kreios Space are developing air-breathing electric propulsion (ABEP) systems, which could extend mission life by using atmospheric molecules as fuel. York has invested over $755 million in production and supply chain to compete in the growing VLEO market, projected to reach $1.5 billion by 2034.

York Space Systems (YSS) introduced the LX/V-CLASS, a spacecraft platform for Very Low Earth Orbit (VLEO) missions. The platform, adapted from existing models, aims to meet growing demand for higher-fidelity observation and resilient orbit diversity. York has invested $755 million in production and supply chain, enabling rapid deployment. The company operates multiple constellations and missions, supporting both national security and commercial customers.

York Space Systems (YSS) reported a strong operational quarter but cut its 2026 revenue guidance by $180M due to supply chain delays and government contract shifts. Backlog grew to $592M, but Q2 losses widened to $9.5M. Hedge fund ownership declined, and short interest is at 7.84%. Investors await 2027 revenue conversion from IDIQ task orders and acquisitions.

Craig-Hallum initiated coverage of York Space Systems (YSS) with a Hold rating, citing strong market position but near-term revenue risks. Analyst Jeff Van Rhee set a $11 price target. YSS is a satellite maker in a changing space market. The rating reflects concerns about the company's contract pipeline. The stock trades on the NYSE under the ticker YSS.

York Space Systems reported Q2 2026 revenue of $92.5M, up 10% YoY, with adjusted EBITDA loss of $9.5M. Full-year revenue guidance was reduced to $375M-$405M due to supply chain issues and contract timing. The company completed 21 satellite launches and acquired ALL.SPACE for $155M, aiming to expand unmanned systems and secure supply chains.