Vertically integrated provider of next-generation optics and infrared imaging systems for defense and commercial applications. Their product family spans proprietary BlackDiamond chalcogenide-based glass materials — licensed exclusively from the U.S. Naval Research Laboratory — through to complete infrared optical systems and thermal imaging assemblies.
The FY2026 National Defense Authorization Act requires eliminating reliance on optical glass and systems from certain foreign nations by January 1, 2030 — positioning LightPath as a primary domestic alternative. Record order backlog of approximately $110.6M as of Q3 FY2026, a 196% increase from $37.4M a year prior. Management has outlined a growth strategy targeting in excess of $300M in annual revenue.
Key products: BlackDiamond IR glass, thermal imaging assemblies, infrared optical systems, Mantis long-range cameras.