IPG Photonics Receives Order From Lockheed Martin for CROSSBOW(TM) High-Energy Laser Systems
MWN-AI** Summary
IPG Photonics Corporation, a leader in fiber laser technology, announced on February 26, 2026, that it has secured a significant order from Lockheed Martin Corporation for its CROSSBOW™ high-energy laser counter-unmanned aircraft systems (C-UAS). The order, valued at approximately $10 million, is set for delivery over the coming quarters. This follows the successful integration and deployment of CROSSBOW™, which has been recognized for its scalability and cost-effectiveness in addressing emerging threats from smaller unmanned aerial vehicles (UAVs).
Dr. Mark Gitin, CEO of IPG Photonics, expressed optimism regarding the order, highlighting the growing demand for deployable directed energy solutions in the defense sector. The CROSSBOW™ system is designed to provide innovative laser defense capabilities, supporting military and security operations. IPG’s commitment is to deliver high-performance and reliable laser solutions that enhance productivity while reducing costs compared to traditional systems.
Headquartered in Marlborough, Massachusetts, IPG Photonics is renowned for its advancements in high-power fiber lasers, utilized across various applications including materials processing. The company operates over 30 facilities globally, reinforcing its position within the industry.
The announcement also contained a Safe Harbor Statement, indicating that certain statements about the order, anticipated demand, and other forward-looking assertions are subject to risks and uncertainties. Factors like contract execution, customer requirements, and manufacturing logistics may impact future results. Investors are advised to consult IPG’s filings with the Securities and Exchange Commission for more detailed financial information and risk factors.
Overall, this order from Lockheed Martin not only underscores the viability of IPG's CROSSBOW™ laser system but also signifies the rising importance of advanced defense technologies in contemporary military strategy.
MWN-AI** Analysis
IPG Photonics Corporation's recent announcement of a $10 million order from Lockheed Martin for its CROSSBOW™ high-energy laser systems marks a significant milestone in the defense technology sector. This development underscores the growing demand for advanced counter-UAS (unmanned aerial systems) solutions, driven by a global increase in security concerns and technological advancements in directed energy weapons.
From a market analysis perspective, this order not only highlights the robustness of IPG's product offering but also positions the company strategically within the defense sector. As nations increasingly allocate budgets toward modernizing their military capabilities, these laser systems represent a cost-effective solution for countering threats posed by drones. The scalability and effectiveness of the CROSSBOW™ system, as articulated by CEO Dr. Mark Gitin, further enhances its appeal to defense contractors like Lockheed Martin, suggesting potential for repeat orders and long-term partnerships.
Investors should interpret this order as a bullish sign for IPG’s future growth. The defense sector tends to be more stable and less susceptible to economic cycles, offering a buffer against market volatility. Furthermore, IPG's focus on reducing total ownership costs while enhancing usability increases its competitive edge over existing technologies.
That said, potential investors should remain cautious. While forward-looking statements suggest optimism regarding demand and product readiness, risks remain associated with manufacturing delays and customer contract execution. These elements could impact the execution of future orders, making it essential for shareholders to monitor the company’s quarterly performance and any changes in defense spending priorities.
In summary, IPG Photonics presents an interesting investment opportunity with its innovative laser technologies. However, investors should balance optimism with prudent risk assessment as they navigate this evolving landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MARLBOROUGH, Mass., Feb. 26, 2026 (GLOBE NEWSWIRE) -- IPG Photonics, the global leader in fiber laser technology, announced today that it has received an order from Lockheed Martin Corporation for the delivery of its CROSSBOW™ high-energy laser counter-UAS defense systems. The order is valued at approximately $10 million and is expected to be delivered over the next several quarters.
“We are encouraged by the continued success of CROSSBOW, our scalable, cost-effective laser defense system for countering smaller unmanned aircraft threats. This follow-on order from Lockheed Martin reflects both the clear demand for deployable directed energy solutions and the readiness of our product,” said Dr. Mark Gitin, Chief Executive Officer of IPG Photonics.
Contact
Eugene Fedotoff
Senior Director, Investor Relations
IPG Photonics Corporation
508-597-4713
[email protected]
About IPG Photonics Corporation
IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability, and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide.
For more information, visit IPG-DEFENSE.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release include, without limitation, statements regarding the approximate value of the order, expected delivery over the next several quarters, anticipated demand for directed-energy counter-UAS solutions, and the readiness, scalability, cost-effectiveness and expected success of the Company’s CROSSBOW™ system. Words such as “will,” “may,” “expects,” “anticipated,” “believes,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including risks related to contract execution and performance, changes in customer requirements or priorities, and delays or disruptions in manufacturing, supply chain or logistics, as well as other important factors described in IPG Photonics Corporation’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed on February 23, 2026, and subsequent reports filed with the SEC, as applicable. Readers are cautioned not to rely on the forward-looking statements, which speak only as of the date hereof. IPG undertakes no obligation to update the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
FAQ**
How does the recent $million order from Lockheed Martin for IPG Photonics Corporation IPGP's CROSSBOW™ system impact the company's growth prospects in the defense sector?
What are the key competitive advantages of the CROSSBOW™ high-energy laser system that position IPG Photonics Corporation IPGP favorably in the counter-UAS market?
Can IPG Photonics Corporation IPGP share insights on the anticipated demand for directed-energy solutions and how it might influence their future product development?
What measures is IPG Photonics Corporation IPGP implementing to mitigate risks associated with contract execution and supply chain disruptions as they fulfill the recent Lockheed Martin order?
**MWN-AI FAQ is based on asking OpenAI questions about IPG Photonics Corporation (NASDAQ: IPGP).
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