Core Insights - CPS Technologies Corp. has been awarded a Phase II Small Business Technology Transfer (STTR) contract by the U.S. Army Combat Capabilities Development Command, with funding of $1.15 million to develop a controlled fragmentation tungsten warhead, focusing initially on a 40mm variant [1][3] - This contract represents the company's fifth federally funded project in 2025 and its third successful transition from Phase I to Phase II since June 2024 [1] Company Overview - CPS Technologies specializes in high-performance material solutions across various applications, including electric trains, wind turbines, hybrid vehicles, Navy ships, and 5G infrastructure [4] - The company is committed to innovation and aims to pioneer the next generation of high-performance materials to address complex engineering challenges [4] Project Details - Dr. Mark Occhionero will continue as the principal investigator for the project, leveraging CPS's proprietary injection molding process to produce detailed tungsten features, which is a cost-effective alternative to traditional machining [2][3] - The New Mexico Institute of Mining and Technology's Energetic Materials Research and Testing Center will serve as a subcontractor during Phase II, enhancing the project's research and testing capabilities [3]

Core Viewpoint - The extension and expansion of the long-term titanium products agreement between ATI Inc. and Boeing strengthens ATI's position as a leading supplier of high-performance titanium materials for the aerospace industry [1][2]. Group 1: Agreement Details - The agreement supports Boeing's entire range of commercial airplane programs, including both narrowbody and widebody aircraft, with potential for growth [2]. - Under the agreement, ATI will supply a comprehensive portfolio of high-performance titanium materials, including long products (ingots, billets, rectangles, and bars) and flat-rolled products (plate, sheet, and coil) [3]. Group 2: Strategic Importance - The agreement reaffirms ATI's leadership in titanium at a time of increasing aerospace production and demand for differentiated materials, particularly in high-strength titanium alloys and sheet products [3]. - The agreement highlights ATI's critical role in the titanium supply chain and validates its strategic investments in expanding capacity and advancing titanium alloy sheet capabilities [4]. Group 3: Production Capabilities - The agreement includes titanium alloy sheet from ATI's new facility in Pageland, South Carolina, and leverages the strengths of both its Specialty Materials and Specialty Rolled Products businesses [4]. - ATI's materials and components are utilized in virtually every commercial aircraft platform currently in operation [4].

Core Insights - CPS Technologies Corporation reported a return to profitability with positive net income and record revenue in the second quarter of fiscal 2025, driven by higher production rates and increased shipments [1][2][3] - The company expects strong revenue in the second half of the year, with an emphasis on improving gross margins and overall profitability [1][2] - CPS secured its first order for AlMax™ material, showcasing its innovative technologies and effective manufacturing capabilities [1][6] Financial Performance - Revenue for the second quarter was $8.1 million, up from $5.0 million in the same period last year, reflecting a 62% increase [2][6] - Gross profit was $1.3 million, representing a gross margin of 16.5%, compared to a gross loss of $0.2 million in the prior-year period [2][6] - Operating profit was $0.1 million, a significant improvement from an operating loss of $(1.3) million in the previous year [3][6] Earnings and Share Performance - Reported net income was $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.9) million, or $(0.07) per diluted share, in the same quarter last year [3][9] - The weighted average number of diluted common shares outstanding was 14,577,433 [9] Product and Market Development - CPS announced its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle for the U.S. Marine Corps [6] - The company continues to expand its product catalog and has demonstrated robust demand for its offerings [1][6] Company Overview - CPS is a leader in high-performance materials solutions, addressing critical needs in various applications, including electric vehicles, wind turbines, and defense [5] - The company is committed to innovation and supporting the transition to clean energy [5]