Business
IPG Photonics Receives Order From Lockheed Martin for CROSSBOW™ High-Energy Laser Systems
MARLBOROUGH, Mass., Feb. 26, 2026 (GLOBE NEWSWIRE) -- IPG Photonics, the global leader in fiber laser technology, announced today that it has received an order from Lockheed Martin Corporation for the delivery of its CROSSBOW™ high-energy laser counter-UAS defense systems. The order is valued at approximately $10 million and is expected to be delivered over the next several quarters. “We are encouraged by the continued success of CROSSBOW, our scalable, cost-effective laser defense system for co
About this update from Lockheed Martin Corporation
[{"type":"image","alt":"IPG Photonics Corporation","displaySize":"","headline":null,"caption":"IPG Photonics Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":82,"url":"https://media.zenfs.com/en/globenewswire.com/f446266114930438f5c723a2e8d21d44"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8KkGGG32up0rxCkwJk928A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f446266114930438f5c723a2e8d21d44","width":300,"height":82}},"lazy":false},{"type":"text","content":"MARLBOROUGH, Mass., Feb. 26, 2026 (GLOBE NEWSWIRE) -- IPG Photonics, the global leader in fiber laser technology, announced today that it has received an order from Lockheed Martin Corporation for the delivery of its CROSSBOW™ high-energy laser counter-UAS defense systems. The order is valued at approximately $10 million and is expected to be delivered over the next several quarters.","length":391,"tagName":"p"},{"type":"text","content":"“We are encouraged by the continued success of CROSSBOW, our scalable, cost-effective laser defense system for countering smaller unmanned aircraft threats. This follow-on order from Lockheed Martin reflects both the clear demand for deployable directed energy solutions and the readiness of our product,” said Dr. Mark Gitin, Chief Executive Officer of IPG Photonics.","length":368,"tagName":"p"},{"type":"text","content":"Contact","length":7,"tagName":"p"},{"type":"text","content":"Eugene FedotoffSenior Director, Investor Relations IPG Photonics Corporation [email protected]","length":119,"tagName":"p"},{"type":"text","content":"About IPG Photonics Corporation","length":31,"tagName":"p"},{"type":"text","content":"IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability, and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide.","length":591,"tagName":"p"},{"type":"text","cont...