LightPath Technologies Inc. Secures Significant Defense Order

Date: September 3, 2025

LightPath Technologies, Inc., a Nasdaq-listed company specializing in the manufacturing of collimator assemblies, GRADIUM glass products, and optical switch products, has announced a substantial defense order that has positively impacted its stock price. The company, based in the United States, has secured an $18.2 million purchase order to supply advanced infrared camera systems to a leading global technology customer. This order is set for delivery in the calendar year 2026.

The announcement, which was made on September 3, 2025, has led to a surge in LightPath’s stock price. The company’s shares closed at $4.91 on September 1, 2025, with a 52-week high of $5.47 and a low of $1.04. The recent news has bolstered investor confidence, reflecting the company’s successful transition from a components manufacturer to a vertically integrated camera solutions provider.

In addition to the $18.2 million order, LightPath has an agreement in place with the customer that anticipates future purchase orders totaling up to $22 million for a second tranche of products to be delivered in 2027. This potential deal could significantly increase the company’s defense and government backlog by up to $40 million over the course of 2026 and 2027.

LightPath’s Chief Executive Officer, Sam Rubin, expressed enthusiasm about the new purchase order and agreement, highlighting the company’s momentum driven by strong geopolitical tailwinds. Rubin stated, “We are thrilled to announce this new purchase order and agreement with a leading global technology customer, which is expected to meaningfully grow our defense and government backlog with advanced IR camera systems by up to $40 million over the course of CY 2026 and 2027.”

The company, founded in 1996, has a market capitalization of approximately $210.63 million. LightPath’s focus on next-generation optics and imaging systems for both defense and commercial applications positions it well within the Information Technology sector, specifically in the electronic equipment, instruments, and components industry.

This significant order underscores LightPath’s strategic direction and its ability to capitalize on emerging opportunities in the defense sector, further solidifying its position as a key player in the industry.