Kopin secures contract for next-generation MANPADS optical units
Kopin Corporation has been awarded a significant contract to develop a key component for the US Army’s new man-portable air defence system (MANPADS), known as the Next Generation-Short Range Interceptor (NGSRI). Kopin will be the principal developer for the optical unit of the sighting system, a crucial element of this advanced defence technology.
This contract represents a major milestone for Kopin, as it aligns with production plans that could extend into tens of thousands of units. Including Kopin’s optical blocks in the serial production of the NGSRI is anticipated to boost the company’s annual revenue by 5-10 million USD over the coming years, significantly impacting its financial performance.
Exploring potential investment opportunities, let’s review the stock chart of Kopin Corporation (NASDAQ: KOPN) from a technical analysis perspective:
On the Daily (D1) timeframe, the stock established a resistance level at 0.80 USD and support at 0.68 USD. There are indications that an uptrend may be forming. However, should a downtrend initiate, the potential downside target could be set at 0.50 USD.
If the uptrend continues and the stock price breaks through the resistance, there could be a buying opportunity with a short-term target higher than the current resistance level. Investors should monitor the stock’s performance closely, as the impact of this contract might lead to significant price movements.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This contract represents a major milestone for Kopin, as it aligns with production plans that could extend into tens of thousands of units. Including Kopin’s optical blocks in the serial production of the NGSRI is anticipated to boost the company’s annual revenue by 5-10 million USD over the coming years, significantly impacting its financial performance.
Exploring potential investment opportunities, let’s review the stock chart of Kopin Corporation (NASDAQ: KOPN) from a technical analysis perspective:
On the Daily (D1) timeframe, the stock established a resistance level at 0.80 USD and support at 0.68 USD. There are indications that an uptrend may be forming. However, should a downtrend initiate, the potential downside target could be set at 0.50 USD.
If the uptrend continues and the stock price breaks through the resistance, there could be a buying opportunity with a short-term target higher than the current resistance level. Investors should monitor the stock’s performance closely, as the impact of this contract might lead to significant price movements.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
