The 2025 fiscal year U.S. reconciliation bill adds $150 billion in new defense spending, with shipbuilding and missile defense budgets reaching historic highs.
Why it matters
TTMI derives ~50% of revenue from Aerospace & Defense, much of it tied to radar systems.
Rising budgets for missile and space programs → stronger radar demand, directly benefiting TTMI.
By the numbers / Detail
Backlog: $1.46–$1.55B at Q1-end, ~1.5 years of revenue visibility.
Award momentum: additional wins across Javelin and LTAMDS.
Platforms in scope (examples):
F-35, shipborne SPY-6 / SPY-7 radars
MH-60 rotorcraft radar
LTAMDS for the PAC-3 ecosystem
Capacity build-out: New facility in Syracuse, NY, purpose-built for Ultra-HDI PCBs targeting mil-grade applications.
The big picture / Between the lines
Shipbuilding upcycle: 14 new ships funded in FY2025—a record. Destroyers, frigates, and carriers all require SPY-6.
TTMI is positioned as the sole BFN and key PCB supplier for SPY-6.
Missile defense surge: “Golden Dome” at $27B plus ~$25B across broader missile defense accelerate IBCS and LTAMDS deployments.
TTMI supplies core electronics into these systems.
TTMI exposure to U.S. defense budget (snapshot)
What’s next
Convert backlog to revenue + ramp Syracuse: uHDI adds capacity against long-cycle shipbuilding and missile-defense programs.
Radar tailwinds: SPY-6 / LTAMDS scale-up sustains multi-year visibility; TTMI’s critical sub-system role amplifies operating leverage.
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Note: Information compiled from your brief; this is not investment advice.