🟢 nLIGHT is trading 4.5% up today as shares rebound from a pullback following a major defense contract surge

nLIGHT is trading 4.5% up today at $71.63 as shares rebound following a sharp pullback after last week’s surge on a major U.S. defense laser weapon system contract.

• Investors are re-entering the stock after it jumped more than 20% on July 9 following the announcement of a Joint Laser Weapon System agreement with the U.S. Department of Defense.
• The contract is valued at $44 million initially, with a total potential program value of up to $627 million.