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Navitas Semiconductor (Nasdaq: NVTS) has been selected by the U.S. Army for the ALATTIS program to develop next-generation 10 kV silicon carbide power semiconductors — a defense-technology validation that sent the stock up as much as 20% in after-hours trading.
What happened
- On September 28, Navitas announced (via GlobeNewswire) that the U.S. Army selected it for ALATTIS — Accelerated, Large-Area, 10 kV SiC IGBT — a prototype program to develop, execute, and validate a novel domestic manufacturing process for ultra-high-voltage SiC power devices.
- The work covers 10 kV silicon carbide IGBTs and associated PiN diodes for mission-critical Armed Forces systems. No such domestic manufacturing process currently exists in the U.S.
- The program is sponsored by the Army Research Laboratory (DEVCOM) with support from the Joint Experimentation and Technology Accelerator (JETX).
- Navitas won after a competitive evaluation of leading U.S. SiC companies, cited for its ultra-high-voltage SiC leadership and U.S.-anchored supply chain.
- Shares jumped as much as 20% after the 4:15 p.m. ET announcement (regular close $11.73), and rose about 1% on Tuesday to $11.85 — still well below May’s $30+ highs.
Why it matters
This is a real technology validation: Navitas’s existing GeneSiC portfolio spans 650 V to 6.5 kV, so 10 kV devices are a meaningful step-up toward heavy power conversion for military vehicles, directed-energy systems, and grid-scale hardware.
But keep the caveats in view: no financial terms were disclosed — this is a research and process-development award, not a commercial supply contract. The company has reported quarterly losses and faces a patent dispute with Wolfspeed, and its AI data-center power story remains the bigger investment driver.
What to watch
Watch for any follow-on disclosure of funding or timeline, progress on the Wolfspeed patent dispute, upcoming quarterly results, and whether defense-tech validation helps the stock re-rate toward its 52-week high of $34.17.
Related reading: Tower Semiconductor jumps on Mizuho buy call · Pentagon takes stake in Hertha Metals
Should a prototype research award — with no disclosed funding — be worth a 20% pop, or is the market paying for the story before the money?
Source: GlobeNewswire · Source: Barron’s
Auto-posted by the Bull Lounge news desk. Not financial advice.
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