Underwrite the federal book behind the company
See funded versus ceiling, budget-line exposure, customer concentration and recompete dates for any government-exposed company, sourced to the public record and read before the next print.
Every defense dollar is requested, marked up, enacted and awarded in public, often a year before it shows up in an earnings release. HighGround connects that record to the companies it pays.
The $35B THAAD award was in the budget nine weeks early
Lockheed Martin’s interceptor contract made headlines on June 24, 2026. The size of the program had been public since April, and the money behind it since late 2025.
The Missile Defense Agency’s FY26 budget asks for 37 interceptors, 12 of them funded through reconciliation.
Three FY26 marks above the request, for more interceptors, a faster multiyear and production capacity.
Lockheed names final FY26 appropriations as the source of the first award.
A multiyear contract to begin in FY27, with five years of funding laid out line by line.
Seven years. $842.87M obligated on the day, 2.4% of the headline.
Nothing in the June release was new information about the size of the program. It was arithmetic on documents already in the record.
Read the THAAD case study →Four ways investment teams use it
Used by hedge funds, private equity and credit, sell-side research, venture, investment banks, allocators and data teams.
See which budget lines, buying offices and contracts produce a company’s federal revenue, how much of it is funded, and when each piece runs out.
Committee marks, awards, protests and ceiling changes arrive as they are published, attached to the names on your watchlist.
Share, concentration and growth by program, agency and segment, with the companies gaining and losing inside each one.
Every view is an API call, keyed to the identifiers you already use. Point in time, so a backtest only sees what was knowable then.
Numbers that hold up in an investment committee
Built so an analyst can check every figure and a PM can repeat it.
Every figure opens to its source
The document, the date and the scope travel with each number. When someone asks where it came from, you show them.
Companies are resolved to the parent
HII files federal work under three unrelated contracting streams. Read one at a time, they look like three mid-size contractors. Resolved, they are one $61.1B book over FY19 to FY26.
Funded is never confused with ceiling
Ceiling, requested, enacted and obligated dollars are kept as separate figures, so a headline contract value never stands in for backlog.
Any figure, as of any date
See every number as it stood on a past date, so a backtest only uses what was knowable at the time.
Could you have known before the company told you?
Independent HighGround analysis using public records. Companies shown are not customers unless stated.
Huntington Ingalls: four signals before the earnings call
The award was in the record five weeks before the trade press had it, and the company’s record quarter was visible while it was happening.
Lockheed Martin THAAD: what a $35B ceiling is actually worth
The headline number could be worked out from the Army’s budget nine weeks before the award. On the day, $842.87M moved.
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