Palladyne AI stock surges 25% after securing Air Force contract for multi-domain swarming tech

Why Palladyne AI Stock Is Surging Wednesday - Palladyne AI (NASDAQ:PDYN)

Palladyne AI Corp. (NASDAQ:PDYN) shares are trading higher Wednesday after the company announced it was awarded a contract by the Air Force Research Laboratory. * Palladyne AI stock is surging to new heights today. Why is PDYN stock surging? Palladyne Awarded Air Force Research Laboratory Contract Palladyne said the contract, known as the Hierarchical Adaptive Networked Game-Theoretic Integration of Multiple Echelons (HANGTIME) project, is designed to advance swarming capabilities and enable coordinated operations across multiple domains. Under the contract, Palladyne AI will use its patented SwarmOS software platform to connect autonomous systems so they can share intelligence, adapt to changing conditions and operate together across space, air, maritime and land environments. The company said the project marks the first time its technology will integrate satellites, extending its autonomy capabilities from ground-based systems to orbit. The company said the integration is intended to improve intelligence, surveillance, and reconnaissance capabilities and support faster, more coordinated mission execution by enabling disparate systems to function as a unified network. "Our collaboration with AFRL showcases what's next for autonomous operations," said Ben Wolff, president and CEO of Palladyne. "By connecting satellite, aerial, and ground systems using the patented SwarmOS embodied AI platform, we're helping the warfighter make better decisions in real time." Palladyne said the contract represents a significant expansion of its multi-domain autonomy capabilities and supports integrated cross-domain operations. Palladyne Stock Surges Above Key Levels Currently, Palladyne is trading 60.8% above its 20-day simple moving average (SMA) and 41.2% above its 100-day SMA, indicating strong short-term momentum. Over the past 12 months, shares have decreased by 28.98% and are positioned closer to their 52-week highs than lows, suggesting a potential recovery phase. The RSI is at 55.40, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. This combination suggests that positive momentum is building and the stock is not yet in overbought territory. PDYN Price Action: At the time of writing, Palladyne shares are trading 25.31% higher at $8.18, according to data from Benzinga Pro. This illustration was generated using artificial intelligence via Midjourney. 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

Palladyne AI stock soars after securing Air Force contract for swarming tech By Investing.com

Investing.com -- Palladyne AI Corp. (NASDAQ:PDYN) stock surged 13% Wednesday after the company was awarded a contract by the Air Force Research Laboratory (AFRL) to advance swarming capabilities for integrated cross-domain operations. The contract, known as "Hierarchical Adaptive Networked Game-Theoretic Integration of Multiple Echelons (HANGTIME)," will utilize Palladyne's patented SwarmOS™ software platform to bridge communication gaps between autonomous systems across space, air, maritime, and land domains. This marks a significant expansion of Palladyne's technology reach, as the project will integrate satellites for the first time, extending the company's capabilities from ground to orbit. The integration aims to enable faster decision-making and coordinated mission execution by connecting disparate autonomous systems so they can share intelligence and adapt to changing conditions. "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 Dr. Denis Garagic, Chief Technology Officer at Palladyne AI. The contract addresses one of the defense sector's persistent challenges: making different autonomous systems work together as a coordinated team. Currently, drones, ships, and satellites often operate independently, which limits how quickly warfighters can respond to threats. Caleb Williams, Program Manager at AFRL/RIEA, described the effort as "a critical step in multi-domain autonomy for coordinated execution in challenging environments." Palladyne AI develops artificial intelligence software for robotic platforms in both defense and commercial sectors. The company's SwarmOS platform serves as the defense variant of its Palladyne™ Pilot embodied AI software. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.