HomeMarket NewsnLIGHT Stock Soars After $34.5M Army Contract Upgrade

nLIGHT Stock Soars After $34.5M Army Contract Upgrade

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Businessman checking agreement before signing.

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nLIGHT (NASDAQ:LASR) shot up by approximately 4.17% in pre-market trading on Tuesday following an upgrade from Benchmark. The boost came after the semiconductor and fiber lasers company announced securing a $34.5 million contract expected to be executed over the next 18 months. This deal involves the provision of a High Energy Laser to support the U.S. Army’s Rapid Capabilities Critical Technologies Office Directed Energy Maneuver-Short Range Air Defense prototyping effort.

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