Palladyne AI Shares Jump After Win to Supply Missile Propulsion Subsystem
Palladyne AI Corp. (NASDAQ: PDYN) saw its stock climb about 15% Tuesday morning after announcing a contract with a major U.S. defense prime to provide a propulsion subsystem for an existing U.S. missile system program. The Salt Lake City-based company expects the work to generate nearly $1 million in revenue in 2026, with deliverables due by the en…