Lightpath technologies granted european defense manufacturing license; significantly expands addressable market

License allows lightpath to provide products directly into the rapidly-growing $295 billion european defense industry orlando, fl / accesswire / april 17, 2024 / lightpath technologies, inc. (nasdaq:lpth) ("lightpath," the "company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, has received a european defense license, which provides the company with the ability to supply products to the european defense industry, one of the largest defense markets in the world. the eu defense market grew 12.5% to a record $295 billion in 2023, and the european union recently published its first european defense industrial strategy, which among other things encourages cooperation and purchases in defense technology development among eu members, such as latvia.
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