LightPath Technologies Inc (NASDAQ:LPTH) saw its stock rise 13.2% after the company secured an $18.2 million order for advanced infrared camera systems from a leading global technology client.
The purchase order, set for delivery in 2026, significantly strengthens LightPath’s defense and government backlog. The company also revealed an agreement that could result in additional orders of up to $22 million for products scheduled for 2027, potentially bringing the two-year total to $40 million.
“We are thrilled to announce this new purchase order and agreement with a leading global technology customer, which is expected to meaningfully grow our defense and government backlog with advanced IR camera systems,” said CEO Sam Rubin.
LightPath attributes its strong momentum to geopolitical tailwinds in the defense sector and rising demand for secure supply chains, especially alternatives to Germanium—a critical material facing export restrictions from China. The company’s proprietary BlackDiamond™ glass technology positions it to capitalize on these shifts.
The order marks a key milestone in LightPath’s strategic evolution, as the company continues to expand from a components manufacturer to a vertically integrated provider of camera solutions, broadening its presence in both defense and commercial markets.
LightPath Technologies stock price
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