Piper Sandler Starts Coverage With HawkEye 360 Rated Overweight

Piper Sandler began coverage of three space and defense technology companies on Oct. 15, assigning HawkEye 360 an Overweight rating based on its specialized signals intelligence capabilities, technology advances and international contract wins.

The firm took a more cautious stance on York Space Systems and Redwire. For York, Piper Sandler pointed to reliance on a defunded government program and the prospect of increased competition.

Piper Sandler cited scale concerns and competition across Redwire’s technology areas in its assessment of the company.