RBC backlog surges to $2.3B on VACCO acquisition and defense demand; DOJ probe risk lowered

Filed May 15, 2026 · Period ending March 28, 2026 · Compared to 10-K May 16, 2025 · ~2 min read

Key Changes

• high

  Order backlog more than doubled from $0.9B to $2.3B, driven by $0.6B VACCO backlog and $1.1B marine defense orders, providing multi-year revenue visibility as Aerospace & Defense segment grew 32.9% and now represents 42% of sales.

  MD&A: Backlog & Segment Mix verify on EDGAR →
• high

  VACCO acquisition ($276.7M, July 2025) added space and naval defense capabilities; company expanded from 54 to 65 facilities and headcount from 5,334 to 5,816 to support growth, with capex guidance raised to 3.5-4.0% of sales.

  Business: Facilities & MD&A: VACCO verify on EDGAR →
• high

  Management now states DOJ False Claims Act investigation (unemployment insurance and grant proceeds) not expected to have material adverse effect, versus prior uncertainty; investigation remains ongoing.

  Legal Proceedings verify on EDGAR →