LightPath Technologies Inc (NASDAQ:LPTH) shares moved higher on Monday, climbing 6.5% after the optics and imaging systems company disclosed a $9.6 million purchase order for cooled infrared cameras from an existing defense customer.
The company said the systems are intended for defense and security applications, with deliveries expected to occur throughout calendar year 2026. Production of the equipment will be allocated between LightPath's manufacturing sites in Florida and New Hampshire, the firm said, citing its expanded domestic manufacturing capabilities.
"This significant repeat order from an existing customer underscores the growing demand for our advanced cooled infrared camera systems and further validates the strategic value of our G5 acquisition," Sam Rubin, President and Chief Executive of LightPath Technologies, said in a statement. The comment highlights management's framing of the sale as both demand-driven and strategically aligned with recent acquisition activity.
LightPath noted that revenue from the G5 business continues to be supported by established multi-year contracts and programs of record tied to shipboard long-range surveillance, border security, and counter-UAS systems. The company also identified recurring federal, naval, and law enforcement programs as ongoing contributors to G5's revenue base.
Describing its product set, LightPath positions itself as a provider of next-generation optics and imaging systems for defense and commercial markets. The company said its cooled infrared cameras are engineered for all-weather security and surveillance roles and are intended to combine operational performance with reliability.
The order and production plan reinforce the company's emphasis on domestic manufacturing capacity and multi-year program revenue as material elements of its business model. Deliveries stretching through 2026 imply a production and fulfillment timeline that LightPath will execute from two U.S. facilities.
What this means: The confirmed purchase order represents a near-term revenue commitment and underscores the role of defense and security contracts in LightPath's revenue mix. The company is directing production to its U.S. plants and cites the G5 acquisition as a contributor to its contractual footprint and program continuity.