Xtend AI Robotics (XTND) said Wednesday that it was awarded phase 3 of the US Special Operations Command Modular Kinetic Lethal Drone program.
The Modular Kinetic Lethal Drone program combines Xtend's Striker, Scorpio 500 and Scorpio 1000 platforms with a common Ground Control Station and the XOS operating system.
The company said the program is designed to provide small tactical units with modular and reusable precision-strike capabilities for US Special Operations Forces.
Financial terms were not disclosed.
Shares of the company were up 3.6% in Wednesday trading.
Price: $4.11, Change: $+0.14, Percent Change: +3.58%