IPG Photonics Receives Order From Lockheed Martin for CROSSBOW™ High-Energy Laser Systems

Rhea-AI Summary

IPG Photonics (NASDAQ:IPGP) received an approximately $10 million order from Lockheed Martin for delivery of CROSSBOW™ high-energy laser counter-UAS systems, with shipments expected over the next several quarters.

The company said the follow-on order reflects continued demand for its scalable, deployable directed-energy solutions and the readiness of the CROSSBOW product.

Positive

• Order of approximately $10 million from Lockheed Martin
• Delivery scheduled over the next several quarters
• Repeat business indicating program momentum for CROSSBOW systems

Negative

• None.

Key Figures

Order value: $10 million

1 metrics

Order value $10 million Lockheed Martin CROSSBOW high-energy laser systems order

Market Reality Check

Price: $138.85 Vol: Volume 415,713 versus 20-...

low vol

$138.85 Last Close

Volume Volume 415,713 versus 20-day average 789,260 suggests move on relatively light trading. low

Technical Price $138.85 is above 200-day MA $81.44 and 10.89% below 52-week high $155.82.

Peers on Argus

Sector peers showed mixed moves: CAMT and VECO appeared in momentum scanners wit...

2 Up 1 Down

Sector peers showed mixed moves: CAMT and VECO appeared in momentum scanners with gains of 3.17% and 3.65%, while ACMR declined 4.34%. Scanner data flags semis activity but not a unified sector trend, supporting this as a stock-specific move around IPGP’s defense order.

Historical Context

5 past events · Latest: Feb 25 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 25	Patent court ruling	Negative	+5.4%	UPC found certain AMB lasers infringe a Trumpf patent in seven states.
Feb 12	Earnings results	Positive	+35.5%	Q4 and FY 2025 revenue growth with new share repurchase authorization.
Feb 03	Product showcase	Positive	+1.0%	CROSSBOW MINI HEL system display at Singapore Airshow 2026.
Jan 28	Earnings date set	Neutral	+2.0%	Announcement of Q4 2025 results release and conference call timing.
Jan 20	Trade show showcase	Positive	+8.5%	New high-power and advanced laser solutions highlighted at SPIE Photonics West.

Pattern Detected

Recent history shows strong positive reactions to earnings and product-focused news, while the stock also rose after an adverse patent ruling, indicating a tendency toward bullish responses across varied catalysts.

Recent Company History

Over the last few months, IPG Photonics has reported several notable events, including Q4 2025 revenue of $274.5 million and full-year revenue of $1,003.8 million, which drove a 35.48% move on Feb 12. Product and exhibition news around directed-energy and CROSSBOW systems have also coincided with positive price reactions. Even the patent infringement ruling affecting less than 1% of sales on Feb 25 saw shares rise. Today’s Lockheed Martin order extends this theme of defense- and product-related catalysts supporting the stock.

Market Pulse Summary

This announcement highlights a follow-on $10 million order from Lockheed Martin for IPG Photonics’ C...

Analysis

This announcement highlights a follow-on $10 million order from Lockheed Martin for IPG Photonics’ CROSSBOW high-energy laser counter‑UAS systems, reinforcing demand for its directed-energy defense offerings. In the past few months, the company has paired growing defense and industrial laser exposure with strong earnings and product news, while also disclosing an adverse patent ruling and notable insider transactions. Investors may watch future defense orders, legal developments, and major customer activity to gauge the durability of this demand.

Key Terms

high-energy laser, counter-UAS, directed energy

3 terms

high-energy laser technical

"order from Lockheed Martin Corporation for the delivery of its CROSSBOW™ high-energy laser counter-UAS defense systems."

A high-energy laser is a device that produces a tightly focused beam of light with enough power to cut, weld, disable equipment, or destroy targets by heating material very quickly — think of it as concentrated sunlight used like a precision heat tool. For investors, it matters because these systems drive markets in defense, industrial manufacturing, and materials processing, carry high development and production costs, involve regulatory and export controls, and can change competitive positions if they become commercially practical.

counter-UAS technical

"CROSSBOW™ high-energy laser counter-UAS defense systems."

Counter-UAS (counter-unmanned aircraft systems) are tools and tactics used to detect, track, and disable or divert drones that pose a threat to people, property, or operations. Think of them as a combination of a security camera, alarm system, and net that can find an unwanted flying device and stop it before it causes harm. Investors care because demand, regulation, and deployment of these systems affect revenue, contract opportunities, legal risk, and the valuation of companies that build or use them.

directed energy technical

"demand for deployable directed energy solutions and the readiness of our product,”"

Directed energy describes weapons or tools that send concentrated beams of energy—such as lasers, microwaves, or particle streams—toward a target to heat, disable, or disrupt it rather than using conventional projectiles. Like using a magnifying glass to focus sunlight on a single spot, these systems can deliver effects at speed and with precision. Investors watch directed energy because it drives defense and high-tech spending, influences regulatory and export rules, and carries long development timelines and maintenance costs that affect company value.

AI-generated analysis. Not financial advice.

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
efedotoff@ipgphotonics.com

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

What did IPG Photonics announce on February 26, 2026 regarding Lockheed Martin (IPGP)?

IPG Photonics announced an order of approximately $10 million from Lockheed Martin. According to the company, the order is for CROSSBOW high-energy laser counter-UAS systems with delivery over the next several quarters.

How large is the Lockheed Martin order for IPG Photonics' CROSSBOW systems (IPGP)?

The order is valued at approximately $10 million for CROSSBOW systems. According to the company, shipments are expected to occur over the next several quarters as systems are delivered.

What does the Lockheed Martin order mean for IPG Photonics' CROSSBOW program (IPGP)?

The follow-on order signals continued demand and program momentum for CROSSBOW. According to the company, it reflects readiness and deployability of its directed-energy counter-UAS solution.

When will IPG Photonics deliver the Lockheed Martin CROSSBOW order (IPGP)?

Deliveries are expected to occur over the next several quarters following the order announcement. According to the company, the schedule spans upcoming quarters to fulfill the approximately $10 million order.

Who commented on the Lockheed Martin order for IPG Photonics and what was said (IPGP)?

CEO Dr. Mark Gitin commented that the follow-on order reflects clear demand and product readiness. According to the company, he described CROSSBOW as scalable and cost-effective for countering small UAS threats.