nLIGHT soars on $627 million JLWS contract award
09/07/2026 16:19
BUZZ-nLIGHT soars on $627 million JLWS contract award ** Shares of semiconductor and fiber laser provider nLIGHT LASR.O soar 30% to $76.28, their highest since June 4
** The U.S. Department of War selects LASR for a Joint Laser Weapon System program, with an initial award of $44 million and a total program ceiling of up to $627 million
** Prototypes to start at 150 kW, scale to 300-500 kW for cruise missile defense
** Including session's moves, stock up 100.53% YTD
(Reporting by Zakia Mariyam in Bengaluru)
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