Kopin wins $18.6 million Army IBAS contract, raising total program funding to $34 million
Kopin Corporation announced a sole‑source $18.6 million award from the U.S. Army under the Industrial Base Analysis and Sustainment (IBAS) program. The award brings cumulative IBAS funding for Kopin to $34 million and is aimed at advancing color MicroLED displays for ground‑soldier and pilot systems. The news lifted Kopin shares about 4.8% in after‑hours trading. Stifel reiterated a Buy rating with a $6.50 price target following the contract win.
Why it matters
The contract expands Kopin’s defense revenue pipeline and underpins analysts’ expectations of strong fiscal‑2026 growth. Stifel’s reiterated Buy and $6.50 target signal continued bullish sentiment for the stock.
Key facts
- 1Kopin received a $18.6 million sole‑source award from the U.S. Army for IBAS. tradingview.com
- 2The award raises total IBAS funding for Kopin to $34 million. tradingview.com
- 3Kopin shares rose 4.8% after the contract announcement. investing.com
- 4Stifel reiterated a Buy rating and set a $6.50 price target on Kopin. investing.com
- 5Kopin reported Q2 2026 revenue of $12.7 million, up 51% year‑over‑year. investing.com
- 6Kopin reported Q2 2026 net income of $831,000, up 116% year‑over‑year. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.