Syntec Optics Wins Artemis III Actuator Orders, Space Backlog Jumps 10%
OPTX has more than doubled off its 52-week low of $1.18 on elevated volume (1.8× avg).
Summary
Syntec Optics secured recurring production orders for actuators in NASA's Artemis III rockets, adding 10% to its space tech backlog. This follows a string of space and defense wins, including a $5M defense order and the company's largest order in 25 years for Space Force infrastructure. The Artemis III program is shifting to include Earth-orbit practice tests, which extends the production runway. With record Q2 revenue of $8.3M and a return to profitability, this order reinforces the space segment as a growth driver. Watch for further backlog disclosures in the next quarterly report.
At the time of this announcement, OPTX was trading at $9.30 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $368.2M. The 52-week trading range was $1.18 to $14.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.