Precision Optics shares surge 17.54% intraday after securing $678,000 jet engine borescope development contract.

Precision Optics (NASDAQ: POCI) surged 17.54% intraday following the announcement of a $678,000 product development order to design a high-resolution borescope for jet engine inspection. The order, secured after a competitive evaluation against three finalists, validates the company’s technical capabilities in defense/aerospace optical systems. CEO Joe Forkey emphasized the win as a milestone for the firm’s growth in high-performance imaging solutions, with potential for future contracts. The contract aligns with Precision Optics’ core strengths in vertically integrated optical design and engineering, reinforcing investor confidence in its market differentiation. While the firm’s debt profile and recent EBIT losses were noted in separate reports, the immediate price reaction was driven by the new order’s implications for revenue and supplier validation.