Merlin stock surges 32% after completing Critical Design Review for C-130J Autonomy Program

Merlin Stock Is Trending Overnight -- Here's Why It Spiked Over 30% In After-Hours Session - Merlin (NASDA

Merlin Inc. (NASDAQ:MRLN) shares are trending on Thursday night. MRLN shares jumped 32.71% in after-hours trading to $9.49 on Thursday after the company announced the successful completion of the Critical Design Review (CDR) for its C-130J autonomy program with the U.S. Special Operations Command (USSOCOM). What You Should Know The C-130J Autonomy Program is a joint initiative between USSOCOM and Merlin to develop an AI-powered autonomy stack for the C-130J Super Hercules, one of the U.S. military's tactical airlifters. The program aims to reduce crew workload across all phases of flight. The completion of the CDR under Merlin's existing IDIQ contract advances the program from design development into aircraft integration and a structured formal test campaign, including aircraft-level testing. Matt George, CEO and founder of the Boston-based company, said, "Completing the Critical Design Review validates the architecture we've built for safe, scalable autonomy on large aircraft like the C-130J." Trading Metrics, Technical Analysis Merlin has a market capitalization of $693.04 million, a 52-week high of $17 and a 52-week low of $5.78. The Relative Strength Index (RSI) of MRLN stands at 43.39. TD Cowen initiated coverage on MRLN with a Buy rating and an $11 price target. The stock of the aerospace and defense technology company has dropped 29.95% over the past 12 months. Currently, MRLN is trading at about 12.5% of its 52-week range, placing it near its 52-week low. Price Action: The stock closed the regular session down 1.24% at $7.18, according to Benzinga Pro. Benzinga's Edge Stock Rankings indicate that MRLN has a negative price trend across all time frames. Photo courtesy: Things on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Merlin Shares Surge After Critical Design Review Completed for C-130J Autonomy Program

Merlin, Inc. is an aerospace and defense technology company. The Company’s non-human pilot system, Merlin Pilot, integrates hardware and software to deliver an autonomous flight solution that spans the flight process from takeoff to touchdown. It utilizes sensor technologies to assess the aircraft’s state and its surrounding environment, allowing it to navigate and recommend trajectory adjustments as necessary. It uses artificial intelligence (AI) to interpret air traffic control voice communications through natural language processing. Its system complements human pilots with software that uses learning techniques for weather navigation and can operate without ground communications and Global Positioning System (GPS) navigation. Its Aircraft Platforms include C-130J and Tactical Autonomy. The C-130J is used in military transport aircraft globally. The Tactical Autonomy focuses on mobility and refueling systems to improve staffing and surge capabilities.