Palladyne AI Soars 14% on Air Force Contract While General Dynamics and Textron Tumble
Summary
Palladyne AI stock rockets 14% after winning Air Force contract for drone coordination software, while defense giants General Dynamics drops 2.7% despite beating earnings and Textron crashes 8% on disappointing 2026 guidance that falls short of analyst expectations.
Key Points
- Palladyne AI stock soars 14% after securing Air Force Research Laboratory contract for SwarmOS software platform that coordinates autonomous systems including drones, robots and sensors
- General Dynamics slides 2.7% and falls out of buy zone despite beating Q4 earnings expectations with $4.17 per share and revenue of $14.379 billion
- Textron stock plunges 8% below its 50-day moving average after providing 2026 earnings guidance of $6.40-$6.60 per share, missing analyst expectations of $6.85