11:17 AM EDT, 05/29/2026 (MT Newswires) -- Voyager Technologies ( VOYG ) has a stronger growth outlook as defense demand, space infrastructure work, new contracts, a large project pipeline, and better backlog visibility support revenue growth through 2027, Wedbush said in a note Friday.

The investment firm said Voyager has about $275 million in backlog expected to convert in fiscal 2026, supported by demand tied to Golden Dome, Next Gen Interceptor, and Standard Missile Interceptor programs, while Voyager's $5 billion opportunity pipeline gives it room for further growth, with about 75% tied to defense and national security work.

Voyager is well placed in the future space economy because of its work in low Earth orbit systems, propulsion, and defense-grade data, Wedbush said.

New contracts with DARPA, Redwire, the ISS program, and NASA show Voyager is gaining momentum with government and commercial customers while new investments in the Starlab project and the upcoming SpaceX (SPCX) IPO could also support investor interest in space-focused companies such as Voyager, according to the note.

Wedbush kept its outperform rating and raised its price target for Voyager to $60 from $46.

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