Laser Photonics Stock Soars 22.52% After Defense Contract Announcement
Laser Photonics (LASE) Stock Surges Over 22% After Hours: Here's What You Should Know

Image: Benzinga
Laser Photonics Corporation's stock surged by 22.52% to $2.96 in after-hours trading following the selection of its Laser Shield Anti-Drone system by the U.S. Department of War. The selection highlights the company's potential in counter-drone technology.
- 01The Laser Shield Anti-Drone (LSAD) system was chosen by the U.S. Department of War for its technical excellence in counter-drone capabilities.
- 02Laser Photonics has been invited to a technical exchange with the Department of War's Mission Engineering and Integration Activity.
- 03The company's CEO stated that the selection confirms the technology's relevance and readiness for defense applications.
- 04Laser Photonics has a market capitalization of $78.69 million and a 52-week trading range between $0.38 and $6.77.
- 05The stock has risen 21% since the beginning of 2023, indicating strong short-term performance.
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Laser Photonics Corporation (NASDAQ:LASE) experienced a significant surge in its stock price, climbing 22.52% to $2.96 in after-hours trading on Tuesday. This increase followed the announcement that the company's Laser Shield Anti-Drone (LSAD) system was selected by the U.S. Department of War under the Mission Engineering and Integration Activity's Vulcan Call for Solutions. The LSAD was recognized as one of the top submissions in the Counter-Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, Reconnaissance and Targeting category after a thorough technical review. CEO Wayne Tupuola emphasized that this selection validates the technology's mission relevance and readiness, positioning it to address critical counter-unmanned aerial systems (UAS) capability gaps. Following this news, Laser Photonics has been invited to engage in a technical exchange, which could lead to further prototyping and experimentation. As of now, the stock is trading closer to its 52-week low of $0.38, despite a 160.92% increase in regular session trading, closing at $2.42.
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