Why Is Laser Photonics Stock Soaring Today?

Shares of Laser Photonics Corporation (NASDAQ:LASE) are soaring higher after the company received an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies, Inc (NYSE:LHX). The financial terms were not disclosed.

L3Harris will use Laser Photonics’ LaserTower COMPACT system at its semiconductor division in Palm Bay, Florida.

The LaserTower COMPACT is an industrial-grade laser marking, engraving and etching system that can operate as a stand-alone unit or get integrated into an I/O production line.

It provides solutions for precise, legible, permanent direct part marking, including UDI/UID barcodes, logos and other service marks.

“Laser Photonics is proud to supply laser marking equipment to L3Harris, one of the largest long-time defense contractors in the United States,” said CEO Wayne Tupuola.

Price Action: LASE shares are trading higher by 141.2% at $3.45 on the last check Tuesday.

Photo via Shutterstock