• 2
  • 1
  • Favorite

Palladyne Shares Rally on U.S. Air Force Contract

Dow Jones01-28

 

By Rob Curran

 

Shares of Palladyne AI rose premarket after the maker of robotics software received a contract from the U.S. Air Force.

The Air Force will harness the company's SwarmOS artificial-intelligence platform in a project--dubbed Hangtime--intended to coordinate actions of automated hardware, including satellites.

"The Hangtime project is a breakthrough that unites high-altitude assets and situational unmanned systems into one coordinated sensor network--delivering a major advantage for the defense industry," said Chief Technology Officer Denis Garagic, in a statement.

"For the first time, a single AI framework can coordinate assets across multiple domains, including satellites. That means these systems can now think and act together as a team, sharing what they see and learning as conditions change."

Shares of Salt Lake City-based Palladyne surged 30% to $8.52 in premarket trading.

Terms of the contract were not disclosed.

 

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

January 28, 2026 08:27 ET (13:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • setia100
    ·01-28
    Wow,❗❗❗👏👏👏👏
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24