US Navy Increases Contract Award For Sarcos Guardian DX Robot

Sarcos Technology & Robotics Corp STRC subsidiary Sarcos Defense stated that the U.S. Navy had exercised a contractual option to expand testing, evaluation, and demonstrations of the Guardian DX teleoperated dexterous robotic system for Navy-specific tasks. The financial terms of the contract remain undisclosed.
The Guardian DX robot is a teleoperated, dual-armed dexterous robot designed to perform tasks with human-like dexterity while keeping the operator at a safe distance in challenging and hazardous conditions, including height.
"The Navy's exercise of this contract option is an important step in our efforts to commercialize the Guardian DX consistent with the Navy's requirements," said Tom Jackson, President, Sarcos Defense.
Price Action: STRC shares traded lower by 1.37% at $6.125 on the last check Tuesday.