Lyntris Selected by Raytheon to support Multi-Year LTAMDS Radar Production Under Expanded Long-Term Agreement

The orders extend Lyntris' work with Raytheon into the Army radar program's full-rate production phase.

Rhea-AI Summary

Lyntris (LYNX) received Raytheon production orders for the U.S. Army's LTAMDS radar program under a long-term purchase agreement.

The orders cover Option Years Two and Three and production demand through 2028 under an agreement established in 2023. Lyntris will make precision thermal management assemblies for the radar's active electronically scanned array at its Newark, California, and Carson City, Nevada, facilities. The Army has moved LTAMDS into full-rate production, with Raytheon as prime contractor. Lyntris anticipates scaling from development quantities to sustained rate production without requalification delay.

3 points · 0 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointRaytheon production orders cover LTAMDS Option Years Two and Three and demand through 2028.
• Moderate pointLTAMDS has entered full-rate production, with Raytheon as prime contractor.
• Minor point. Forward-looking: it has not happened yet and may not happen.Lyntris anticipates sustained rate production without requalification delay.

Negative

• None.

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+1.39% vs previous close $12.44 last price 7.5x rel. volume Open Argus

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Market Reaction – LYNX

$12.34 – $12.89 Day Range

$1.44B Market Cap

On Sep 29, the day this news came out, the latest delayed price for LYNX is 1.39% above the previous close. The latest delayed price is $12.44. Relative volume is exceptionally heavy at 7.5x the average.

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Key Figures

LTAMDS production order coverage: Through 2028 Option years: Two and Three

LTAMDS production order coverage

Through 2028

Production demand under the long-term purchase agreement

Option years

Two and Three

Production orders supporting the LTAMDS program

Key Terms

active electronically scanned array, rf

2 terms

active electronically scanned array technical

"active electronically scanned array (AESA) performance"

An active electronically scanned array (AESA) is a type of radar that forms and steers its signal beam by controlling many small individual transmitter/receiver modules instead of moving a single antenna. Like a choir of many singers shaping a single sound without turning their heads, AESA radars can change direction almost instantly, track multiple targets and resist jamming. Investors care because AESA systems affect performance, reliability, production cost and competitive value in defense and aerospace contracts.

rf technical

"RF and thermal management hardware for fielded radar programs"

rf (commonly written r_f) denotes the risk-free rate — the theoretical return on an investment with no chance of loss, often used as a baseline for valuing other assets. Investors use it like a yardstick: returns above this number compensate for extra risk, so it helps price stocks, bonds and option valuations and guides decisions about whether higher-return opportunities justify their added risk. Think of it as the safe deposit box interest rate against which riskier bets are measured.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Production awards under long-term purchase agreement reinforce Lyntris' role in enabling integrated air and missile defense

WASHINGTON, Sept. 29, 2026 /PRNewswire/ -- Lyntris Inc. (NYSE: LYNX), a defense technology company delivering sense-to-act connectivity solutions for the modern connected battlespace, today announced it has received production orders from Raytheon, an RTX business, supporting Option Years Two and Three of the U.S. Army's Lower Tier Air and Missile Defense Sensor (LTAMDS) program. The orders fall under the long-term purchase agreement Lyntris established with Raytheon in 2023 and cover production demand through 2028.

LTAMDS is expected to be the U.S. Army's replacement for the Patriot radar and the sensing foundation of its Integrated Air and Missile Defense architecture. The system will provide 360-degree surveillance and fire control from a single sensor, closing the rear-sector gap that constrained the fielded fleet. It will provide air defenders with detection, tracking, and engagement against maneuvering hypersonic, cruise missile, and unmanned threats. The U.S. Army has moved the program from development into full-rate production, with Raytheon serving as prime contractor.

Under the production orders, Lyntris will manufacture the precision thermal management assemblies that enable LTAMDS active electronically scanned array (AESA) performance. The assemblies will combine liquid cooling circuits with tight-tolerance machined features that hold thermal stability across high-power radar electronics, where temperature variation shortens component life. Production will run across the company's Newark, California and Carson City, Nevada facilities.

Lyntris has manufactured RF and thermal management hardware for fielded radar programs for more than 20 years, in a segment where qualification cycles are long and few suppliers can hold the tolerances that high-power AESA arrays require at production volume. Leveraging such qualified base, Lyntris anticipates scaling from development quantities into sustained rate production without requalification delay. Lyntris' vertically integrated manufacturing allows consolidation of work that would otherwise span multiple vendors, reducing schedule risk for a program the U.S. Army has prioritized for accelerated fielding.

"LTAMDS is one of the U.S. Army's highest-priority modernization programs, and Raytheon needs suppliers who can hold quality while volume climbs," said Brian Morrison, CEO of Lyntris. "These orders reflect years of investment in the manufacturing base required to deliver mission-critical hardware at rate, and they extend a partnership that goes back 13 years."

"Thermal management is where AESA radar performance is won or lost — the array can only radiate what the cooling system can carry away," said Matt Parisi, Vice President at Lyntris. "Our team has built the process discipline to hold those tolerances shipset after shipset, and that repeatability is what a production program demands."

LTAMDS is managed by the U.S. Army Portfolio Executive Office – Fires at Redstone Arsenal, Alabama.

About Lyntris
Lyntris is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers detect threats earlier, decide faster and act with precision in contested, multi-domain environments.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the SecuritiesExchange Act of 1934, as amended. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "expect," "believe," "anticipate," "may," "could," "intend," "plan," "estimate," "target," "predict," "project," "will," "should," "forecast," "outlook" or similar expressions, or by discussion of strategies, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding: the expected scope, value and timing of orders under the long-term purchase agreement with Raytheon; the anticipated performance and capabilities of Lyntris' assemblies; expected production volumes and manufacturing timelines; and the potential for expanded business opportunities. These statements are based on current expectations, estimates, assumptions and projections of Lyntris' management and are neither predictions nor guarantees of future events, circumstances or performance. Forward-looking statements are inherently subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: the long-term purchase agreement structure does not guarantee any particular volume or timing of orders beyond those already received; Lyntris' dependence on U.S. government defense budgets and appropriations; risks associated with performance on fixed-price or cost-type government contracts; the competitive environment for RF, thermal management and precision manufacturing technologies; supply chain disruptions or constraints on specialized materials and components; Lyntris' ability to scale production to meet customer demand; our ability to protect and enforce proprietary technology and intellectual property rights; the inherent uncertainties in complex defense programs, including potential schedule delays, technical challenges or cost overruns; changes in applicable laws, regulations or government procurement policies; and other factors described under "Risk Factors" in Lyntris' filings with the Securities and Exchange Commission, including its registration statement on Form S-1, as amended, copies of which are available free of charge at the SEC's website at www.sec.gov under Lyntris Inc. The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law. Nothing in this press release, including use or display of third parties' trademarks, service marks, trade name or products, should be construed as an approval, endorsement, guarantee or sponsorship by any third parties of Lyntris Inc., its products, business or financial performance or any aspect of this press release.

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SOURCE Lyntris

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What will Lyntris supply for Raytheon's LTAMDS radar program?

Lyntris will manufacture precision thermal management assemblies for the LTAMDS radar's active electronically scanned array. Its Raytheon orders cover Option Years Two and Three of the program and production demand through 2028.

Why does Lyntris expect to avoid requalification as LTAMDS production scales?

Lyntris points to its existing qualified manufacturing base. It has manufactured RF and thermal management hardware for fielded radar programs for more than 20 years, and anticipates moving from development quantities to sustained rate production without requalification delay.