The intelligence layer for defense investors, founders, and executives who need more than the headlines
Standardized EDGAR financials, USAspending contract obligations, and a sector-grouped directory of every tracked defense name. Company contract intelligence, deal flow analysis, and more.
Standardized EDGAR financials for every tracked defense name: revenue, backlog, margins, and filings in one place.
Every Pro membership includes the research, calls, and community behind the data.
Industrial Base Alpha (“IBA”) is published by Industrial Base Alpha LLC, a Virginia limited liability company. IBA provides independent market research, analysis, and commentary focused on the defense industrial base, including coverage of publicly traded defense and aerospace companies, private capital markets activity, procurement dynamics, and related policy developments.
IBA is not a registered investment adviser with the U.S. Securities and Exchange Commission, any state securities commission, or any other regulatory authority. Nothing published by IBA, whether through its Substack newsletter, website, advisory reports, or any other medium, constitutes investment advice, a recommendation to buy or sell any security, or a solicitation of any offer to buy or sell securities or other financial instruments.
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IBA obtains information from sources believed to be reliable, including but not limited to SEC filings, press releases, earnings transcripts, and publicly available data. However, IBA makes no representation or warranty, express or implied, regarding the accuracy, completeness, or timeliness of any information published. All analysis and commentary reflect the author’s views as of the date of publication and are subject to change without notice.
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