Cemtrex Inc. (NASDAQ:CETX) shares are trading higher Tuesday after the company announced its subsidiary, Invocon, was selected as an apparently successful offeror for a Phase I Small Business Innovation Research contract with the Naval Sea Systems Command.

Subsidiary Selected For U.S. Navy SBIR Contract

Cemtrex said its subsidiary Invocon was selected under topic N254-P02: NAVSEA Open Topic for Modular Mine Warfare Components, highlighting its capabilities in advanced defense electronics and power systems engineering.

The company said SBIR Phase I contracts are competitively awarded by the U.S. Department of Defense to small businesses demonstrating innovative solutions to defined military requirements, with Invocon selected from a national field of proposers.

CEO Saagar Govil said the selection reflects Invocon's growing relevance to U.S. Navy programs and validates the technical depth of its team. He added that the company looks forward to expanding Invocon's relationship with NAVSEA and contributing to U.S. naval capability.

Cemtrex noted that Invocon, acquired in January 2026, is an aerospace and defense engineering firm specializing in electronics, energetics, power systems and precision instrumentation for defense and commercial launch customers.

Cemtrex Shares Soar Higher

CETX Price Action: At the time of publication, Cemtrex shares are trading 79.18% higher at $1.43, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.