Voyager Technologies (VOYG) said Tuesday that it has won a $16.5 million contract from Defense Advanced Research Projects Agency, or DARPA, to support multiple weapon systems for large-scale production.
Under the 20-month contract, Voyager said it will develop a new propellant-embedded control technology that gives solid rocket motors post-manufacturing thrust control.
The contract falls under the second phase of the Burn n' Go program, Voyager said.
Voyager shares were up 8.7% in Tuesday's trading.
Price: $48.71, Change: $+4.07, Percent Change: +9.12%