Why nLIGHT Stock (LASR) Is Rising During Tuesday's Session

nLIGHT Inc LASR shares are trading higher by 2.8% to $13.32 Tuesday afternoon after Benchmark upgraded the stock from Hold to Speculative Buy. The company on Monday announced a $34.5 million contract for DE M-SHORAD laser weapon system.

Lilium's recent recognition validates their ability to design safe aircraft and positions them as industry leaders for eVTOL aircraft certification in Europe. This achievement, attained after a meticulous process since 2017, is pivotal for commercial aircraft manufacturers like nLight.

The approval functions as a "License to Operate," confirming Lilium's commitment to high safety standards. EASA commended Lilium for prioritizing safety, environmental concerns and societal acceptance of Urban Air Mobility, fostering innovation in the aviation sector.

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According to data from Benzinga Pro, nLight has a 52-week high of $15.91 and a 52-week low of $8.13.