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Palladyne AI Secures Contract to Deliver Key Propulsion Subsystem to Major U.S. Defense Prime for Existing U.S. Missile System Program
SALT LAKE CITY, February 03, 2026--Palladyne AI Secures Contract to Deliver Key Propulsion Subsystem to Major U.S. Defense Prime for Existing U.S. Missile System Program
About this update from Palladyne Ai Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":263,"url":"https://media.zenfs.com/en/business-wire.com/a8c1ff2e394427223505447ffa4a82d9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lTmOvD0IqztKdlHdKkYLwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUyNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/a8c1ff2e394427223505447ffa4a82d9","width":480,"height":263}},"lazy":false},{"type":"text","content":"Contract is expected to contribute revenue of nearly $1 million in 2026","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"Further positions the Company to strengthen its relationship with this Prime Contractor and expand its participation in long-life-cycle U.S. missile programs","length":157,"tagName":"p","attribs":{}},{"type":"text","content":"SALT LAKE CITY, February 03, 2026--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) ("Palladyne AI"), a U.S.-based defense and industrial technology company delivering embodied AI-powered collaborative autonomy solutions, advanced avionics, precision-manufactured components, UAVs, and advanced aerospace engineering services, today announced it has secured a contract with a major U.S. defense prime contractor to deliver a key, mission-critical subsystem supporting missile propulsion for an existing U.S. missile system program.","length":553,"tagName":"p"},{"type":"text","content":"Ben Wolff, Chief Executive Officer of Palladyne AI, commented:","length":62,"tagName":"p"},{"type":"text","content":""This contract win represents a meaningful step in scaling our defense manufacturing revenues and reinforces our strategy of embedding Palladyne AI into long-lifecycle weapons programs. It also reflects the confidence that another leading defense prime has placed in our ability to deliver mission-critical hardware on demanding timelines. Beyond the initial contract, we believe we are well positioned for growing annual revenues from this program."","length":460,"tagName":"p"},{"type":"text","content":"The defense prime selected the Company based on its proven performance on defense programs, established manufacturing and delivery track record, and ability to meet accelerated time requirements. Palladyne AI expects to complete deliverables by the end of t...