Palladyne AI Corp. (NASDAQ: PDYN) announced the U.S. Air Force exercised a $2.9 million option on its existing STRATFI contract. This extension brings the total value of the agreement to over $10.6 million.
The additional capital supports the integration of Palladyne’s IQ™ AI-driven architecture. This technology provides collaborative autonomy solutions for autonomous robotic systems in defense applications.
The company released the announcement before the market opened. The contract expansion highlights growing military demand for advanced autonomous systems and reinforces Palladyne's position as a key defense partner.