Lyntris Reports 90% Revenue Growth, Secures PTS-G Payload Integration Role
1 report, 1 independent
Updated Tue 00:00
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What happened
Lyntris reported third-quarter revenue of $194 million, marking 89% organic growth, while its backlog exceeded $1 billion. The company was also named the prime payload integrator for the PTS-G program, and it supplies thermal management assemblies for radar under this program. Adjusted EBITDA increased 91% to $28.5 million.
From dailypolitical.com
Why it matters
The company's financial growth was significantly driven by increased revenue in air and missile defense, which rose 154% to $83 million, and space intelligence, surveillance and reconnaissance, which grew 108% to $57 million. This performance indicates strong market demand for defense and space technology.
From dailypolitical.com
Who's involved
- Brian MorrisonCEO of Lyntris, who reported the company's financial results and contract wins.
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The entities involved
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Brian Morrison
researcher ORCID 0000-0003-1478-6422
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