IPG Awarded Navy Contract
OXFORD, Mass., Aug. 27, 2007 -- IPG Photonics Corp. announced it was awarded a $3.8 million contract from the US Navy to supply the Naval Warfare Surface Center with a 44-kw fiber laser system.
The contract, representing the first large fiber laser system to the US Navy, calls for the delivery of eight commercial 5.5-kw fiber lasers from September to December 2007.
The fiber will be manufactured at IPG's Oxford, Mass., headquarters.
“This contract represents the success of our strategy to sell our fiber lasers into new applications and is an important step forward in expanding our government business,” said Denis Gapontsev, vice president of research and development at IPG Photonics."
The company makes fiber lasers and amplifiers for applications in materials processing, communications, medical and scientific markets.
For more information, visit: www.ipg.com