LightPath Technologies is trading at $8.97, down 5.23%, as the Army seeks potential additional suppliers for its Next Generation Short Range Interceptor program.
- On September 2, the decline extends sharp declines from August 28 and September 1.
- LightPath supplies technology through Lockheed Martin, while Canaccord reduced its price target amid program-delay concerns.
- Broader industrial-sector weakness adds pressure, but interceptor-program uncertainty remains the clearest catalyst.