LightPath Technologies Begins Delivering Advanced Thermal Camera Systems For Lockheed Martin's Missile Program; Initial Revenues Projected Between $50M To $100M If Selected
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies has started delivering advanced thermal camera systems for Lockheed Martin's missile program. If selected, initial revenues are projected between $50M to $100M. LightPath has received qualification from Lockheed Martin and is supplying flightworthy hardware for initial test units. The participation was announced in September 2023 with up to $7.5M for design and development.
July 31, 2024 | 12:35 pm
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Lockheed Martin has qualified LightPath Technologies to supply advanced thermal camera systems for its missile program, with potential revenues for LightPath between $50M to $100M if selected.
While the direct financial impact on Lockheed Martin may be less significant compared to LightPath Technologies, the qualification and partnership indicate progress in its missile program, which could be viewed positively by investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
LightPath Technologies has started delivering advanced thermal camera systems for Lockheed Martin's missile program, with potential revenues between $50M to $100M if selected.
The news indicates a significant potential revenue stream for LightPath Technologies, which could positively impact its stock price in the short term. The qualification from Lockheed Martin and the initial supply of flightworthy hardware further solidify this potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100