Merlin Shares Rally After Defense Department's Design Review Wraps

Dow Jones06-05

By Dean Seal

Shares of Merlin surged after the company said the Defense Department's critical design review of its flagship government and defense program was successfully completed.

The stock was up 22% at $8.79 after hours. Shares closed the trading day down 33% year-to-date.

The maker of AI-powered software for autonomous flight said completing the review for its C-130J autonomy program with U.S. Special Operations Command validates the system's design readiness.

The company can now advance from design development into aircraft integration activities, it said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 04, 2026 17:36 ET (21:36 GMT)

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