Luna Receives Multi-Unit, Multi-Million Dollar Follow-On Order Under Agreement With Northrop Grumman For Its OBR 6200 Portable Backscatter Reflectometer
Portfolio Pulse from Benzinga Newsdesk
Luna Innovations has received a multi-million dollar follow-on order for its OBR 6200 Portable Backscatter Reflectometer from Northrop Grumman. This order is part of an ongoing agreement between the two companies.
December 07, 2023 | 1:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Luna Innovations receives a significant follow-on order from Northrop Grumman, indicating continued business and potential revenue growth.
The follow-on order from a major defense contractor like Northrop Grumman suggests a strong vote of confidence in Luna's technology and the potential for increased revenue. This news is likely to be viewed positively by investors and could lead to a short-term increase in Luna's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100