00:00I think you might use that word constrained as well.
00:02Let me stick with this Lockheed Martin announcement if I could here.
00:05So the agreement is 25 launches through 2031 on the Alpha Block II rocket.
00:09Can you give us any more detail or color on that, maybe the size of that contract,
00:13or how we should think about the agreement that you signed with Lockheed?
00:17Well, it's great to be back on the show.
00:20Thank you for having me.
00:21Yeah, the launch market is highly constrained, like you heard from Peter, more constrained than ever.
00:28So the demand is very strong from existing customers like Lockheed Martin, as well as new customers,
00:35both domestically and internationally.
00:38We saw that at our space symposium here in the nation, as well as Farmborough in the U.K.
00:44You know, the extension, the two-year extension from Lockheed Martin,
00:48that just affirms their confidence in our Block II upgrade of our Alpha vehicle.
00:53And we're constantly working with them on new missions.
00:57And we even are looking at offshore launch options, working with Lockheed Martin and Seagate
01:03and Firefly on our responsive launch capabilities.
01:06So it's just reaffirming the 25 launch, multi-launch service agreement,
01:13as well as looking into more responsive launch capabilities in this very highly constrained launch market.
01:19Jason, what's driving the guidance on revenue for the full year?
01:24You know, we're confident in that range.
01:29It's the drivers are we have got three major catalysts behind us.
01:34The tailwinds behind the moon base.
01:36We just won our fifth and sixth moon base contracts, $144 million,
01:42and our near-built-to-print Blue Ghost mission lander.
01:47And that's going to launch in 2028.
01:49And then we won the Jet Propulsion Laboratory flagship program, Moonfall,
01:55that's going to take JPL drones to the South Pole of the Moon and deploy them.
01:59And then there's a major tailwind behind Golden Dome.
02:03We are working on that program as a prime contractor with our acquisition of SciTech last October-November time frame.
02:12And with Golden Dome, you know, we're one of the 12 prime contractors as part of the space-based interceptor
02:19program.
02:20So we're just focused on delivering the end-to-end results for that.
02:24And then another tailwind is just assured access to launch.
02:30There are so many – there's so much demand by all the Constellation providers for dedicated launches as well as
02:38Constellation launches.
02:40And it's just getting more and more constrained.
02:42Jason, something we talked about with Peter yesterday was sort of how he has to think through who he should
02:47pick as a customer.
02:48There's such demand, as we were talking about here, that he's constrained by how many missions he can kind of
02:52sell.
02:52And I'm curious, when you look at your customer base, you mentioned Golden Dome as sort of part of it.
02:56There's a government side to it.
02:57There's a private sector side to it as well.
02:59How do you think about the balance between those two things, and how much does that matter?
03:04You know, we've got customers that span a diverse, you know, background of national security, direct-to-government and NASA,
03:13but also international customers as well.
03:16And then in addition to that, commercial customers like Lockheed Martin and others.
03:20We are trying to provide, you know, small and medium lift for the rest of the world.
03:27If you look at a lot of those super heavy launch vehicles, they'll most likely service their own constellations of
03:34direct-to-device constellations as well as orbital data centers.
03:38But what about the rest of the world?
03:39That's where our Alpha rocket and our Eclipse rocket can get a lot of demand to service those markets.
03:46Jason, how much are you thinking about the midterms?
03:49I think there's definitely a concern out there that if the Republican Party loses control of the House, that there
03:54maybe won't be as much funding for defense tech companies.
03:56And it's definitely been weighing on some stocks recently.
04:00You know, when I look at the moon and our moon business, I testified in front of Congress last April,
04:06shortly after we successfully landed on the moon with our Blue Ghost 1 mission.
04:10And it was very much unanimous, bipartisan, you know, support to the commercial lunar payload services program that we're building
04:19for our moon landers and our orbiters.
04:23So the moon mission, having a human presence, permanent presence on the moon, that's something that inspires the whole world
04:30and both sides of the aisle.
04:33So there's strong support for that.
04:35And then, you know, when you look at the executive order for space supremacy, national security is something that is
04:43also has support from both sides because it's about national security.
04:50It's about defending our homeland and our allies.
04:52And so when you look at things like Forge, I've spoken to so many generals in the Space Force as
04:59well as congressional leaders, and it's unanimous.
05:02Everybody says how important Forge is to process all the missile warning, missile tracking data keeps us safe at night.
05:11Jason, what's it going to take to accelerate cadence?
05:13I know you're focused on that as well, to get that launch rate up.
05:18You know, since I got here, I've got to work with this.
05:22I'm fortunate to work with amazing people at Firefly.
05:25They're all bold.
05:25They're passionate.
05:27They have high ownership in everything they do.
05:29And what they've done is miraculous.
05:32You know, when you look at the carbon composites that make up our tanks in our primary structures, they've turned
05:39the corner.
05:39We've got record production rate on the delivery of all of our tanks and structure for our awful vehicle.
05:46Flight 8 is in final integration before we do acceptance testing.
05:49Ship to Vandenberg, do the static fire test, integrate the payload and then launch and then get all that data
05:55that informs Flight 9 and beyond.
05:57And if you look at Flight 9, that's entering integration and test as well.
06:01Flight 10, all the airframes are completed.
06:04Flight 11, we're starting to work on those airframes.
06:06And then there's enough Reaver engine chambers that the machine shop has been diligently working on for four more alphas.
06:15And so they're doing a great job of not only expanding and developing our workforce, but building in the safety,
06:23quality, reliability processes to ensure first-time quality as we automate, utilize our equipment and our floor space more efficiently.
06:31It's all coming to, you know, it's all resulting in higher production ramp.
06:36You know, all the areas that the wire doesn't hold any points into theend of the defense system.
06:36At once in my oath, you know, when the wind is entendering, then your experience will get either wrong.
06:37Since I've learned a way to operate and then use the hub to obtain the کی玉 побanaix.
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