Palladyne AI Subsidiary Selected by U.S. Navy to Develop Low Cost Near Hypersonic Missile [Yahoo! Finance]
Palladyne AI Corp. - Common stock (PDYN)
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Source: Yahoo! Finance
SALT LAKE CITY, March 18, 2026 BUSINESS WIRE Palladyne AI Corp. (Nasdaq: PDYN and PDYNW) subsidiary, GuideTech ("Palladyne AI") has been awarded a contract by the U.S. Navy to develop an air-launched, near hypersonic long-range, low cost missile ("Air-Launched Rapid Response Missile" or "ALRRM"). The ALRRM is expected to deliver nearly hypersonic speed and long range at a fraction of the cost of other air-breathing hypersonic weapons, meeting the Department of War's recent call for affordability without compromising capability. The ALRRM is designed to exceed 350 nautical mile flight distance at high altitude, with a sustained cruise speed of beyond the required Mach 4.0, and designed to deliver a 150 lb warhead using an air-breathing solid fuel ramjet ("SFRJ"). It is also designed to meet the designated size and weight requirements. "The 2025 National Security Strategy explicitly states that the U.S. must build ‘next-generation missiles with a clear and urgent need for cost-effe
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News
- Palladyne AI jumps 12% as unit secures U.S. Navy contract [Seeking Alpha]Seeking Alpha
- Palladyne AI Subsidiary Selected by U.S. Navy to Develop Low Cost Near Hypersonic MissileBusiness Wire
- Palladyne AI Announces Employee Equity AwardsBusiness Wire
- Palladyne AI (PDYN) had its price target raised by Jefferies Financial Group Inc. from $7.00 to $8.00. They now have a "hold" rating on the stock.MarketBeat
- Palladyne AI to Participate in the Defense and Space Infrastructure Panel at the 38th Annual Roth Conference [Yahoo! Finance]Yahoo! Finance
PDYN
Sec Filings
- 3/12/26 - Form 4
- 3/12/26 - Form 4
- 3/12/26 - Form 4
- PDYN's page on the SEC website