C3.ai surges on $500 mln agreement with U.S. Department of Defense

Arlington Asset Investment

10/12/2021 12:07

** Shares of artificial intelligence software co  AI.N  rise
20.4% to $38.65 premarket - set to see best day in a year
    ** On Thursday, AI said U.S. Department of Defense awarded
co five-year agreement worth $500 mln  urn:newsml:reuters.com:*:nBw2CTZ4xa
    ** Under agreement, any DoD agency can acquire C3 AI
products and services for modeling and simulation used in
systems deployed to counter threats
    ** Up to Thursday's close, stock down ~77% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))