Fiber laser specialist IPG Photonics has posted sales of $251 million for the second quarter of the year, well above the figure of $225 million that company executives had forecast back in May. CEO Mark Gitin attributed that to the combination of a “modest recovery” in the firm’s key industrial laser markets, alongside a lower-than-expected impact from trade tariffs. “By […]IPG Photonics Ships C-AS Laser Weapons to Lockheed Martin
Fiber laser specialist IPG Photonics has posted sales of $251 million for the second quarter of the year, well above the figure of $225 million that company executives had forecast back in May. CEO Mark Gitin attributed that to the combination of a “modest recovery” in the firm’s key industrial laser markets, alongside a lower-than-expected impact from trade tariffs. “By […]