Voyager Technologies (VOYG) has a particularly neat knot in its disclosed relationship map: Lockheed Martin (LMT) sits on both sides of the transaction. Voyager says it supplies Lockheed with propulsion hardware, and Lockheed selected Voyager for guidance technology on the same broad interceptor program.
The supplier relationship is stated plainly in Voyager’s filing:
"We currently provide advanced solid-propulsion subsystems for Lockheed Martin’s Next Generation Interceptor (“NGI”) program with the U.S."
Voyager Technologies / SEC filing / Mar. 10, 2026
In plain English, Lockheed is not just a name on Voyager’s customer list. Voyager also identifies it as a buyer of a key subsystem. That makes LMT the clearest two-way tie in the filing, even without the company disclosing revenue concentration here.
The customer disclosure adds the other half of the picture:
"In 2024, Lockheed Martin selected us to deliver optical guidance technology for MDA’s Next Generation Interceptor (“NGI”) program, a vital component in defending the United States against long-range ballistic missile threats from strategic adversaries."
Voyager Technologies / SEC filing / Mar. 10, 2026
Voyager’s role in NGI therefore spans two disclosed offerings, solid propulsion and optical guidance. The filing describes Lockheed as the customer for the latter, and the NGI program as the end-use context for both relationships.
Northrop Grumman (NOC) adds another layer. Voyager names Northrop as a competitor in its defense segment, but also lists it as a strategic partner in Starlab. That is less a clean chain than a crowded aerospace conference where the same badges keep appearing.
"Starlab JV partners include Airbus, Mitsubishi, MDA Space and Palantir as equity partners, and Hilton, Northrop Grumman and The Ohio State University as strategic partners."
Voyager Technologies / SEC filing / Mar. 10, 2026
The intended Starlab structure is Voyager-led and majority-owned, according to the company. MDA Space (MDA) and Palantir Technologies (PLTR) are disclosed as equity partners, while NOC is identified as a strategic partner. Those are separate roles inside the same venture, not interchangeable labels.
Voyager describes the intended operating arrangement this way:
"We intend to operate Starlab through the Starlab JV, a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi and MDA Space."
Voyager Technologies / SEC filing / May 5, 2026
The filing also names Palantir among the Starlab equity partners. Together, those disclosures tie Voyager’s planned station business to a mix of aerospace, technology and international participants, while keeping Voyager in the lead ownership position described by the company.
The competitive map is broad. Voyager names Rocket Lab (RKLB) and Redwire (RDW) among its competitors in spacecraft components, and identifies Northrop Grumman and L3Harris Technologies (LHX) among the traditional contractors it competes with in defense and national security. The same filing can therefore place NOC beside Voyager as both partner and rival.
Capital enters through Hercules Capital (HTGC). Voyager says it and its domestic subsidiaries, excluding Starlab, entered into a $58 million loan and security agreement with Hercules as administrative agent in 2024. Starlab’s exclusion from that sentence is a specific boundary in the disclosed financing relationship.
Voyager’s map is not a simple customer-to-supplier ladder. It is a set of overlapping ties, with Lockheed occupying the most conspicuous double role, Northrop moving between partner and competitor, and Starlab assembling a joint venture around Voyager’s majority ownership.
These are relationships disclosed in SEC filings, mapped by jodie’s analytics. This is not investment advice.