Why QuickLogic Shares Are Skyrocketing Today

QuickLogic Corporation QUIK shares are trading higher by 15.96% to $7.34 Thursday morning after the company announced it was awarded a $6.9 million base contract to develop strategic radiation hardened FPGA technology.

QuickLogic says the SRH FPGA Other Transactions Authority (OTA) agreement is with the Army Contracting Command – Rock Island (ACC-RI) under the authority of the Cornerstone OTA and will be based on a microelectronic fabrication process implemented at a US-owned and continental US (CONUS)-based manufacturing facility.

QuickLogic says the project is sponsored by DoD's Trusted and Assured Microelectronics (T&AM) Program, and Naval Surface Warfare Center (NSWC) Crane is the Government's technical lead.

See Also: Why ShiftPixy Stock Is Soaring Today

According to data from Benzinga Pro, QuickLogic has a 52-week high of $9.21 and a 52-week low of $4.25.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!