Applied Energetics Inc. Secures Significant Contract and Strengthens Board Leadership

In a series of recent developments, Applied Energetics, Inc., a prominent player in the aerospace and defense sector, has made headlines with a significant contract award and strategic board appointments. These moves underscore the company’s commitment to innovation and leadership in advanced laser technology.

Contract Awarded by University of Rochester’s Laboratory for Laser Energetics

On June 10, 2025, Applied Energetics announced a substantial contract with the University of Rochester’s Laboratory for Laser Energetics (LLE). The contract, valued at approximately $250,000, is set to support LLE’s ongoing research into pulsed laser technologies. This collaboration is expected to commence immediately, marking a pivotal step in Applied Energetics’ efforts to advance its expertise in ultrashort pulse directed energy and laser systems.

The Laboratory for Laser Energetics, founded in 1970, is renowned for its high-energy-density physics research. The facility is home to the OMEGA and OMEGA EP laser systems, celebrated for their power, precision, and efficiency. This partnership with LLE not only highlights Applied Energetics’ capabilities in cutting-edge laser technology but also aligns with its mission to cater to defense, aerospace, industrial, and scientific customers.

Strategic Board Appointments

In tandem with the contract announcement, Applied Energetics revealed new appointments to its Board of Directors. Effective June 4, 2025, Chris Donaghey, the company’s CEO, and Scott Andrews, a seasoned executive with extensive experience in finance, operations, and business development, have joined the board. This brings the total number of directors to seven, with four being independent.

Chris Donaghey, who became CEO in November 2024, brings over two decades of strategic leadership across the aerospace, defense, and capital markets sectors. His appointment to the board reflects Applied Energetics’ commitment to leveraging his expertise to drive the company forward. Scott Andrews, with his rich background in business strategy and organizational transformation, is expected to provide valuable insights into the company’s growth and operational strategies.

Financial Overview

As of June 9, 2025, Applied Energetics’ stock closed at $2.45, with a 52-week high of $2.99 and a low of $0.43. The company’s market capitalization stands at approximately $504 million. These financial metrics, coupled with the recent strategic developments, position Applied Energetics as a resilient and forward-thinking entity in the industrials sector.

In summary, Applied Energetics’ recent contract with the University of Rochester’s Laboratory for Laser Energetics and the strengthening of its board leadership are significant milestones. These developments not only enhance the company’s technological capabilities but also reinforce its strategic direction in the competitive aerospace and defense industry.