- Alpine 4 Holdings Inc ALPP subsidiary Vayu Aerospace Corporation has successfully completed its U.S. Air Force Phase 2 SBIR using US-1 as an autonomous vehicle for the security of nuclear weapons.
- As a result, the US-1 moves to Phase 3 and can now be sold sole source to the USAF.
- "The successful completion of this Phase 2 SBIR, moving to Phase 3, allows Vayu to expand the US-1 for greater opportunities within the US Airforce and new contracts for our drone offerings," commented TK Eppley, Vayu's President.
- Price Action: ALPP shares are trading higher by 8.40% at $2.905 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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