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Stock impact report

Gecko Robotics brings its AI to U.S. Navy ship repair in latest next-gen defense tech deal [CNBC]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: CNBC
Gecko Robotics landed a $71 million deal with the Navy to use its robots to slash repair time for dated U.S. ships. The U.S. government is learning on more defense tech startups in its latest efforts to reindustrialize America's aging defense systems, including shipbuilding. Gecko was last valued at $1.25 billion in a $125 million funding round in June. Gecko Robotics founders Jake Loosararian and Orion Correa. Courtesy: Gecko Gecko Robotics , a Pittsburgh-based robotics startup, on Tuesday announced a $71 million deal with the U.S. Navy to cut down ship repair time as the government races to reindustrialize America's aging defense systems. The company said its robots — capable of flying, swimming, and climbing critical infrastructure — use cameras and sensors to condense a three-month process down to as little as two days. Gecko also said the robots can assess necessary maintenance 50 times faster than other manual techniques. “This is the kind of stuff that was never Show less Read more
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