Cemtrex Inc. (CETX) is having a big Tuesday. The stock more than doubled in early trading after the company announced that its subsidiary, Invocon, had been selected for a U.S. Navy contract — and the market wasted no time reacting.
$CETX CEMTREX SUBSIDIARY, INVOCON, SELECTED FOR U.S. NAVY SBIR PHASE I CONTRACT IN NAVAL MINE WARFARE
"Cemtrex, Inc. today announced that its subsidiary Invocon, Inc. has been selected as an apparently successful offeror for a Phase I Small Business Innovation Research (SBIR)…
— Antonio Costa (@ACInvestorBlog) April 7, 2026
The contract is a Phase I award under the U.S. Navy’s Small Business Innovation Research (SBIR) program. Invocon was selected to work on the Naval Sea Systems Command’s (NAVSEA) Modular Mine Warfare Components program, topic N254-P02.
SBIR Phase I contracts are competitively awarded by the Department of Defense to small businesses with innovative solutions to military requirements. Being picked from a national field of proposers is no small thing.
Invocon specializes in aerospace and defense electronics, energetics, power systems, and precision instrumentation. Its customers include defense and commercial launch clients.
Cemtrex only acquired Invocon in January 2026, making this contract win one of the subsidiary’s first major public milestones under its new parent company.
CEO Saagar Govil said the selection validates Invocon’s technical depth and its growing relevance to U.S. Navy programs. He said the company looks forward to expanding Invocon’s relationship with NAVSEA.
CETX opened sharply higher Tuesday, with early trade showing gains of over 102% at one point. At time of publication, the stock was up around 79% at $1.43.
Retail investors took notice quickly. Sentiment on Stocktwits around CETX moved into “extremely bullish” territory, with message volumes hitting “extremely high” levels.
The SBIR program is a competitive federal initiative. It funds early-stage research and development at small businesses that can meet defined military needs.
A Phase I award is the first step. It’s designed to test the scientific and technical merit of a concept. If successful, companies can move on to Phase II, which involves more developed prototypes and larger funding.
For Invocon, this is a foot in the door with NAVSEA — one of the largest buyers of defense technology in the U.S.
Cemtrex noted that Invocon’s selection reflects its capabilities in advanced defense electronics and power systems engineering, two areas central to the mine warfare components program.
The company has not disclosed the financial value of the Phase I contract, which is typical for early-stage SBIR awards.
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