HawkEye 360 is the world's first commercial company to geolocate radio frequency (RF) signals from space. Founded in 2015 and headquartered in Herndon, Virginia, the company went public on the NYSE (HAWK) on May 7, 2026. Structured as a Delaware Public Benefit Corporation (PBC), HawkEye combines a commercial business model with a mission to support national security.
 
In this initiation of coverage, we examine the market landscape, HawkEye's differentiated business model, long-term growth strategy, record backlog expansion, planned constellation roadmap, and contract portfolio. We also provide a detailed financial model and outlook, highlighting the key drivers shaping the company's next phase of growth.