Palladyne AI secures $2.9M Air Force contract expansion

Seeking Alpha ·

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.

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Palladyne AI announced securing an additional $2.9 million in funding through the exercise of a STRATFI contract option with the U.S. Air Force, bringing the total contract value to over $10.6 million. This contract finalization officially proves the company's AI technology and autonomous driving solution capabilities in the defense sector. Investors can look forward to positive momentum, focusing on the potential for future military contract expansion.

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