Roth ‘encouraged’ by FireFly’s successful Alpha flight

Roth Capital reiterated a Buy rating and $30 price target on FireFly Aerospace (FLY) after the company reported a successful FLTA0007 Alpha mission-rocket launch including successful payload delivery for launch customer Lockheed Martin (LMT). The firm said it is “encouraged” by the successful return-to-flight for Alpha following the prior anomaly and expects additional Alpha flights in the coming quarters. The firm added that it anticipates Alpha’s use of its newer Block II to enable targeting fast response hypersonic launches and Golden Dome opportunities, as examples.

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