Why Voyager Technologies Stock Soared Today

• President Trump called for a $1.5 trillion defence fund yesterday.

• Separately, NASA awarded Voyager a HUNCH declaration today.

• 10 stocks we similar amended than Voyager Technologies ›

Voyager Technologies (NYSE: VOYG) banal rocketed 8.1% done 11:15 a.m. ET Thursday connected a treble dose of bully news. The biggest: President Trump announced Wednesday helium wants to walk $1.5 trillion connected defense.

"For the Good of our Country ... our Military Budget for the twelvemonth 2027 should not beryllium $1 Trillion Dollars, alternatively $1.5 Trillion Dollars ... This volition let america to physique the 'Dream Military' that we person agelong been entitled to, and, much importantly, that volition support america SAFE and SECURE."

As a institution that gets much than fractional its gross from defence contracts, Voyager stands to payment from this budget. Voyager gets the remainder of its gross from its abstraction business, though, and Voyager has much bully quality connected that score:

This morning, NASA awarded Voyager a declaration (of unspecified size) nether its Create Hardware (HUNCH) program. HUNCH gives "high schoolhouse students ... hands-on acquisition designing and fabricating hardware utilized by NASA."

The magnitude progressive mayn't beryllium important (it's tiny capable that Voyager didn't notation it). But "HUNCH builds a skilled pipeline of engineers, technicians and operators for civil, commercialized and national-security missions," says Voyager. It astir apt puts Voyager astatine the apical of the database for places to enactment for the students progressive successful HUNCH.

Of the 2 items, I deliberation the $1.5 trillion defence fund is astir important for Voyager, and the biggest crushed helium banal is up truthful overmuch today.

Still caller to investors aft its caller IPO, and inactive uncovering its footing arsenic a abstraction stock, Voyager gets astir of its wealth from defense, and its defence concern is increasing faster than abstraction -- up 57% truthful acold this year. A important summation successful defence spending tin lone beryllium beneficial for Voyager stock.

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