Can Orbital Capitalize on US Drone Policy Amid FY25 Revenue Drop?

• Orbital supplies patented heavy fuel propulsion systems for Group 2 & 3 UAVs
• FY24 revenue at $8.2M with a $6.2M order book; FY25 revenue expected to decline due to Boeing Insitu deliveries
• New US Drone Dominance Policy mandates domestic UAV production, benefiting Orbital’s US manufacturing capability
• Business transformation underway with expanded go-to-market strategy including mission-ready engines and in-service support