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Article obtained from Photonics RSS Feed.
Coherent Inc. will acquire EOT, a maker of optical isolators and fiber components, supporting initiatives and applications in the domestic directed energy market. Coherent President and CEO Andy Mattes made the announcement on the company’s quarterly earnings call Nov. 10. Coherent closed its fiscal year at the end of the most recent quarter, on Oct. 3.
Mattes, who added that he expects recent awards to Coherent’s defense business to boost company and defense segment revenue, particularly in 2022 and 2023, said that the move will help fortify an increasingly secure U.S.-based supply chain for defense and directed energy offerings that customers are demanding.
“The megatrend that is driving this opportunity in…READ MORE