Nauticus Robotics surges on additional U.S. DOD contract
05/10/2022 14:00
** Shares of ocean robots developer Nauticus Robotics Inc
KITT.O up 52.2% at $4.90 premarket after co announces U.S.
Department of Defense contract
** Co says awarded a second multi-million dollar contract by
U.S. Defense Innovation Unit (DIU) for development of an
amphibious unmanned system utilizing its autonomous command and
control software platform, ToolKITT urn:newsml:reuters.com:*:nGNX431W1m
** This follows previous DIU award in Feb where ToolKITT
used aboard U.S. Navy’s Defender Mission Specialist remotely
operated vehicle system, co says
** Houston-based Nauticus went public last month after SPAC
deal, and has received funding from Schlumberger SLB.N ,
Transocean RIGN.S and AeroVironment AVAV.O
** KITT opened at $5.55 in Sept 13 debut and has traded as
low as $3.14
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))