What Happened
Directed Energy Weapons Gain Traction In US Defense
NLight has been selected by the US Defense Department to create the next-generation architecture for low-cost missile and drone defense. The initial award value is $44 million, with a total program ceiling of up to $627 million. Lockheed Martin’s Aculight unit was also selected for the Joint Laser Weapon System program. The contract win is seen as a major validation of NLight’s technology, according to Craig-Hallum, as reported by Investor’s Business Daily.