Sarcos Stock Soars After Robotics Company Secures AI Contract With US Air Force: What You Should Know

Sarcos Technology And Robotics Corp STRC shares are trading higher Thursday after the company won a U.S. Air Force contract.

What To Know: Sarcos was awarded a four-year $13.8 million contract from Warner Robins Air Logistics Complex, Robins Air Force Base as part of an innovative AFWERX AFVentures opportunity for its Strategic Funding Increase (STRATFI) program.

The contract will support the development, integration and validation of Sarcos' AI and machine learning software framework. The goal is to enable robotic systems to learn from experience and quickly acquire new skills, resulting in improved workflow performance and safer interactions between humans and machines.

"This contract represents a tremendous opportunity for Sarcos as we continue to focus on and invest heavily in the development of our artificial intelligence and machine learning software technology," said Laura Peterson, interim president and CEO of Sarcos.

"It will allow us to provide cutting-edge performance enhancements to our Guardian robotics solutions, which will benefit our U.S. Air Force partners and commercial customers alike."

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STRC Price Action: Sarcos shares were up 23.9% at 83 cents at the time of publication, according to Benzinga Pro.

Photo: Lukas from Pixabay.