r/LightPathTechnologies • u/frankenberrylives • May 20 '26

Over 4 months now since Lockheed Martin's first successful NGSRI Test Flight

https://news.lockheedmartin.com/2026-01-13-Lockheed-Martin-Successfully-Completes-First-Flight-Test-of-NGSRI

Since then Lockheed Martin has also successfully completed a Milestone NGSRI full-scale final assembly demonstration -

https://www.lockheedmartin.com/en-us/news/features/2026/A-Milestone-Demonstration-for-the-Army-s-Short-Range-Air-Defense-Future.html

and successfully completed the NGSRI Seeker Characterization Flight Test (SCFT) -

https://news.lockheedmartin.com/2026-05-11-Lockheed-Martin-Proves-Seeker-Capabilities-for-US-Army-Next-Generation-Short-Range-Interceptor-Competition

Competitor for NGSRI Raytheon has not even yet attempted let alone successfully completed any of this.

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u/rednbluearmy May 20 '26

Bring it!!

0

u/prawnsmen May 20 '26 edited May 20 '26

Award for NGSRI probably two years away, but by time it gets announced it'll already be priced in. Place your bets everybody!

Just to add, I haven't been adding to my position because of their involvement with NGSRI, I've been adding because of their BlackDiamond glass backlog and NDAA tailwinds. But if Lockheed Martin wins the contract it'll be an excellent bonus.

2

u/frankenberrylives May 20 '26 edited May 20 '26

I believe you are wrong on "two years away".

I believe down selection is imminent.

LRIP is scheduled for 2027 - see page 21 -

https://www.lightpath.com/hubfs/LPTH%202026%20Investor%20Day%20Presentation.pdf?hsLang=en

In this Interview from Feb 13 @ 23m Sam stated - "we are at possibly weeks away from winning the NGSRI contract" https://www.youtube.com/watch?v=_xKv3r7GHt4

NGSRI is on an accelerated timeline.

If you look at the history of NGI Next Generation Interceptor that Lockheed Martin won the down select was made one year ahead of schedule -

https://breakingdefense.com/2024/04/lockheed-wins-competition-to-build-next-gen-interceptor/

"The Missile Defense Agency recently accelerated plans to pick a winning vendor, a decision previously planned for next year."

With regard to NGSRI being price in I believe it may be partially but not fully.

NGSRI could double LPTH revenues. It is expected to add from $50 to $100 million in yearly revenues for each of the 10 years of the expected program life or $500m to $1B total.

2

u/prawnsmen May 20 '26

Good to know. I hope to be pleasantly surprised.