IPG Photonics Corporation (IPGP) Receives an Order From Lockheed Martin Corporation

IPG Photonics Corporation (NASDAQ: IPGP) announced a $10 million order from Lockheed Martin Corporation for its CROSSBOW™ high-energy laser counter-UAS defense systems, expected to be delivered over several quarters. This reinforces demand for directed energy solutions and the readiness of IPG Photonics’ product. Stifel recently raised IPGP’s price target to $165, while Raymond James downgraded the stock to Outperform but adjusted its price target to $180, following a strong Q4 performance and significant share appreciation.