Lyntris Secures Multi-Year LTAMDS Production Orders from Raytheon Through 2028
LYNX is trading near its 52-week low of $12.2 (0.6% above the low).
Summary
Lyntris received production orders from Raytheon for Option Years Two and Three of the U.S. Army's LTAMDS radar program, covering demand through 2028. The company will manufacture precision thermal management assemblies for the AESA radar, leveraging its qualified manufacturing base. This follows the September 24 qualification of the wedgelock assembly for Raytheon's SPY-6 radar family, indicating deepening partnership. The orders validate Lyntris' role in a high-priority Army modernization program and provide multi-year revenue visibility, though specific dollar values were not disclosed. Production will run across Newark, CA and Carson City, NV facilities.
At the time of this announcement, LYNX was trading at $12.27 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $12.20 to $16.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.