Kopin Corporation (NASDAQ:KOPN) is moving a bit in the pre market session on Tuesday, extending its weekly gain of 9%.
Major Trigger:
Kopin Receives Additional $1.6 Million Order for the F-35 Joint Strike Fighter Program
Key Highlights:
- today announced it has received an approximately $1.6 million follow-on order of its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.
- The F-35, the world’s most advanced jet fighter, is a family of single-seat, single-engine, all-weather, day and night stealth, multirole combat aircraft. The jet is designed to perform both air superiority and strike missions while also providing electronic warfare and intelligence, surveillance, and reconnaissance.
- Much of the functionality is enabled through an advanced extreme augmented reality (AR) helmet, which provides the pilot with vast quantities of flight, tactical, and sensor information for advanced situational awareness, precision and safety. The extensive functionality and extreme conditions require unique display technology and Kopin is the sole supplier to this production program.
- The largest procurement program in the Department of Defense (DOD), the F-35 strike fighter aircraft is being procured in different configurations for multiple arms of the DOD, including the United States Air Force, Marine Corps, and Navy. Kopin has been the sole-supplier of microdisplays for the F-35 pilot helmets since the program inception providing thousands of displays, to-date.
Key Quote
“This follow-on order extends our backlog of scheduled deliveries into the first quarter of 2022, providing good visibility for our manufacturing plan,” stated Bill Maffucci, the Company’s Vice President of Government Programs.
Market Reaction
As of 8:25, KOPN is trading at $8.85, up 1.37%. So far more than 39K shares have exchanged hands.
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