Why now: campaign-01: capital deployment window 2026-09-08

What was noticed?

Defense procurement remains a plausible demand source, but weak market confirmation and unresolved contract economics keep the theme on the bench.

Why might it matter?

The campaign verdict is WOUNDED, market expression. The unresolved branch cannot be promoted from a price move or a historical model alone.

What evidence is real, and what is still only a pointer?

Receipt selector: U:AVAV,KTOS,RCAT in the campaign thesis review and its accompanying receipts.

Still required: Budget/contract conversion, margins, execution, acquisition effects and dilution; assess revenue against share growth.

Which existing research does it update or duplicate?

The registered drone-defense perspective. This question tracks the unresolved branch of the campaign review, not a duplicate completed finding.

What should be written if the evidence clears?

A sourced perspective update adjudicating this exact test: Verified procurement conversion, margins and execution with revenue assessed against share growth.

Reviewed September 6 using September 4 settled prices. September 7 is the U.S. Labor Day holiday; the decision window is September 8.