Space Economy Newsletter | September 2026

SEPTEMBER 2026 RECAP

SPACE ECONOMY NEWSLETTER

Space Contracts Kick Off the Fall

Space Force confirms on-orbit weapons, GPS gets an upgrade, and new orbital work lines up at Vandenberg.

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IN THIS ISSUE

CONTRACT

Space Force taps Lockheed Martin for $114M GPS ground upgrade

MERGER

Rocket Lab lines up final cash for its $8B Iridium takeover

CONTRACT

Viasat and Rocket Lab team up on a new anti-jam Space Force satellite

CONTRACT

Firefly Aerospace joins NASA's Vandenberg spacecraft processing bench

POLICY

Space Force confirms on-orbit space weapons, spotlighting UFO defense holdings

Lockheed Martin lands $114M USSF awards to modernize GPS

By Miles Jamison

Source: www.govconwire.com

The NFL season kicked off with fans navigating to stadiums, and Lockheed Martin* was busy upgrading the tech that keeps everyone on course. The company received two U.S. Space Force task orders totaling $113.5 million to modernize the GPS ground segment. The overhaul will make GPS signals harder to jam and more reliable, keeping navigation and timing services running smoothly for both military and civilian users.

Rocket Lab fully funds Iridium acquisition, completes $1.94B ATM

By GlobeNewswire

Source: www.globenewswire.com

The Emmys handed out gold statues, but Rocket Lab* was locking down a bigger prize: a step closer to closing an $8 billion deal to buy Iridium* Communications, one of the largest satellite phone and data networks in the world. This month, Rocket Lab raised the final $1.94 billion needed to fund the cash portion of the purchase. The deal combines Rocket Lab's rockets and satellite manufacturing with Iridium's global satellite network, creating a full end-to-end space company that designs, builds, launches, and operates its own satellites.

Viasat taps Rocket Lab to build small GEO for PTS-G program

By Via Satellite

Source: www.satellitetoday.com

Apple's latest iPhone lineup made headlines this month, but Viasat* was rolling out something much bigger. The company tapped Rocket Lab* to build a new communications satellite for the U.S. Space Force, designed to give the military faster, more secure connections that are harder for adversaries to jam.

Firefly Aerospace onboarded to NASA spacecraft processing operations contract

By Firefly Aerospace

Source: www.fireflyspace.com

As Ben Shelton pulled off the biggest upset of his career at the US Open, taking down defending champion Carlos Alcaraz in a five-set thriller that became the latest finish in tournament history, Firefly Aerospace* was making a big move of its own. The company was onboarded to NASA's Spacecraft Processing Operations Contract, positioning Firefly to compete for task orders providing payload processing facilities and services in support of NASA missions launching from Vandenberg Space Force Base.

Space Weapons: How Boeing, SpaceX, and Others Stand to Gain

By Al Root

Source: www.barrons.com

"Star Wars" is no longer science fiction. The U.S. Space Force this week confirmed the existence of on-orbit space-control weapons capable of defending U.S. forces through both physical and electronic means. The policy shift may mean increased demand for UFO constituents across the space-defense supply chain, including primes Boeing*, L3Harris Technologies*, Lockheed Martin*, Northrop Grumman*, and RTX*; space intelligence names HawkEye 360*, Planet Labs*, and Voyager Technologies*; and launch providers Firefly Aerospace*, Rocket Lab*, and SpaceX*.

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*As of September 17, 2026, Boeing (BA) was a 2.66% holding, Firefly Aerospace (FLY) was a 1.85% holding, HawkEye 360 (HAWK) was a 1.00% holding, Iridium (IRDM) was a 3.72% holding, L3Harris Technologies (LHX) was a 2.35% holding, Lockheed Martin (LMT) was a 2.87% holding, Northrop Grumman (NOC) was a 2.78% holding, Planet Labs (PL) was a 2.96% holding, Rocket Lab (RKLB) was a 3.58% holding, RTX (RTX) was a 3.09% holding, SpaceX (SPCX) was a 5.40% holding, Viasat (VSAT) was a 5.83% holding, and Voyager Technologies (VOYG) was a 1.54% holding in the Procure Space ETF® (NASDAQ: UFO).

The Procure Space ETF® is a global pure-play space ETF. For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/

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Please consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.

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