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Palladyne AI secures $2.9M Air Force contract expansion

· · 1 min read
Aclarion gets $2M debt financing
Palladyne AI secures $2.9M Air Force contract expansion

Palladyne AI (PDYN) Wednesday said that the U.S. Air Force has exercised a contractual option on its STRATFI (Strategic Funding Increase) contract, adding $2.9 million in new funding and increasing the total contract value to over $10.6 million. The U.S. military’s investment in autonomous robotic systems is accelerating. The Air Force’s continued ...

  • Palladyne AI (PDYN) Wednesday said that the U.S. Air Force has exercised a contractual option on its STRATFI (Strategic Funding Increase) contract, adding $2.9 million in new funding and increasing the total contract value to over $10.6 million.
  • The U.S. military’s investment in autonomous robotic systems is accelerating. The Air Force’s continued commitment to this program, now totaling over $10.6 million, reflects a customer that views Palladyne IQ and its architecture as a platform with operational relevance, the company said.
  • Palladyne AI (PDYN) shares closed up ~5% on Tuesday and ticked up ~1% in premarket trading.
Tags: US News
Read full story on Seeking Alpha

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