Strong Revenue Growth
Revenue grew 23% to $66 million, driven by solid performance across all end markets.
Record Backlog
Backlog reached a record $500.1 million, up 23% year-over-year.
Defense Market Success
Sales to the defense market increased by $9.9 million or 32%.
New Space Orders
Barber-Nichols subsidiary booked $22 million in new orders from 6 industry-leading customers in the commercial space launch market.
Strategic Acquisition
Acquired Xdot Bearing Technologies, enhancing capabilities in high-speed rotating machinery.