LPTH | Market Cap: $680.8M (10/12/26)
Industry:
Aerospace & Defense

DESCRIPTION

LightPath Technologies designs and manufactures optical components, lens assemblies, and infrared imaging systems for defense, border security, counter-drone, and industrial applications. The company's product line spans visible and infrared optics made from proprietary BlackDiamond glass, custom lens assemblies, uncooled thermal cameras, and cooled long-range infrared camera systems. LightPath sells to defense prime contractors and system integrators through a direct sales force in North America and Europe, as well as distributors in Asia. The company operates a vertically integrated business model that controls the manufacturing process from raw optical glass synthesis to finished camera systems. LightPath generates revenue through long-term defense program contracts, catalog hardware sales, and engineering services, while executing a strategy to transition from a component fabricator into a higher-value provider of complete infrared subsystems and assemblies.

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