Australia's Brainchip gains on $1.8 million contract with RTX

Brainchip Holdings

02/04/2025 03:32

April 2 - ** Shares of Brainchip Holdings BRN.AX rise 3.8% to A$0.2075

** Chip processor says it is partnering with Raytheon, an RTX RTX.N business
** Partnership to service a contract for $1.8 million from the Air Force Research Laboratory on neuromorphic radar signaling

** Stock rose as much as 6.3% earlier in the day, marking its biggest intraday gain since March 20
** BRN down 48.7% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))