Xconomy | Boston - Business + Technology in the Exponential Economy

Army Asks for $8.8 Million Worth of IRobot’s PackBots; Order Part of Existing Contract
IRobot Wins $286 Million Army Contract, Replacing Contract Previously Awarded to Robotic FX
Calling New Contract a “Sustaining Bridge” to IRobot’s Future Plans, Exec Says Company Set to Deliver First Robots on January 8
IRobot Stock Plummets on Word That Former Employee’s Firm Won $280 Million Military Contract
IRobot Strikes “Transformational” Deal to Enable Next Generation Laser-Guided Bots

IRobot Stock Up Sharply

Shares of Burlingon, MA-based iRobot (NASDAQ: IRBT) jumped out of the gate today, seemingly buoyed by yesterday’s after-trading news that the U.S. Army had set aside the $279.9 million contract of its rival, Robotic FX, and might award the contract to iRobot. After closing yesterday at $15.46, shares hit a high this morning of $18.50 and were trading at $17.95, up over 16 percent in mid-morning trading.

Comments | Permalink |