-+ 0.00%
-+ 0.00%
-+ 0.00%
Palladyne AI Says US Air Force Exercises Contractual Option On STRATFI Contract, Adding $2.9M In New Funding And Increasing Total Contract Value To Over $10.6M
Share
Listen to the news

Palladyne AI (NASDAQ:PDYN), a U.S.-based defense and industrial technology company delivering embodied AI-powered collaborative autonomy solutions, advanced avionics, precision-manufactured components, UAVs, and advanced aerospace engineering services, today announced 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 option exercise reflects the Air Force’s continued satisfaction with the performance and progress of Palladyne AI’s Palladyne IQ™ embodied AI architecture for autonomous robotic systems.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending