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WESTBOROUGH, Mass. – Kopin Corporation (NASDAQ: KOPN), a $216 million market cap specialist in high-performance microdisplays and optical systems, has secured a $14 million contract to supply custom thermal imaging assemblies to a prominent defense contractor. The company, whose stock has surged nearly 58% over the past six months according to InvestingPro data, has also been authorized to procure $5.3 million in materials in anticipation of a subsequent order.
The advanced eyepiece assembly, designed for detachable weapon systems, assists soldiers in target acquisition under adverse conditions, including darkness, smoke, or fog, thereby enhancing their battlefield capabilities. Kopin’s integrated solution combines their proprietary displays, optics, electronics, and housing technologies.
This order is part of a larger, multi-year production initiative, highlighting Kopin’s expertise in creating sophisticated microdisplays and ruggedized components for critical defense applications. Bill Maffucci, Senior Vice President of Business Development and Strategy at Kopin, emphasized the company’s commitment to improving situational awareness for the military through their technology. He also noted Kopin’s established history of delivering over 400,000 solutions for defense programs.
Kopin Corporation provides key components and subassemblies for various sectors, including defense and consumer products, featuring a range of display technologies like AMLCD, FLCoS, MicroLED, and OLED.
The information in this article is based on a press release statement.
In other recent news, Kopin Corporation has secured multiple production orders for its microdisplays, which will be integrated into pilot helmet-mounted display systems. These systems are designed to enhance pilot situational awareness using augmented reality technology, reaffirming Kopin’s status as a trusted supplier in the defense sector. Additionally, Lake Street Capital Markets maintained its Buy rating on Kopin, with a price target of $2.50, citing the company’s growing involvement in the U.S. Army’s Integrated Visual Augmentation System (IVAS) Next Program. The firm’s analysts noted a significant year-over-year increase in Kopin’s defense revenue and expressed confidence in the company’s prospects within the defense sector.
Canaccord Genuity also initiated coverage on Kopin with a Buy rating and a $2.00 price target, highlighting the company’s defense projects and its expansion into medical and consumer markets as growth drivers. Kopin’s ongoing legal challenges with BlueRadios were acknowledged, but Canaccord’s analysts believe the risks have been mitigated through strategic financial moves. Recent updates also include Kopin’s executive compensation changes, with CEO Michael Murray receiving restricted stock units and stock options under the company’s 2020 Equity Incentive Plan. These developments reflect Kopin’s commitment to aligning executive interests with those of shareholders and ensuring leadership retention.
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