Seelos Therapeutics’ stock surged after the company announced a partnership with the US Army to test its intranasal ketamine drug, SLS-002, for PTSD in military personnel and veterans. The trial, funded by the Department of Defense, will evaluate the drug’s effectiveness, safety, and tolerability.
Palantir Technologies’ shares are reaching new heights after securing a substantial $99.8 million contract from the US Army for its Maven Smart System AI tool. This latest deal adds to Palantir’s growing government revenue and comes amidst broader market optimism fueled by the Federal Reserve’s recent rate cut.
BAE Systems has been awarded a contract modification worth over $440 million by the U.S. Army to produce additional Bradley Fighting Vehicles. The contract includes the production of over 200 A4 variants, which will be delivered to the Army as modernized replacements for some of the Bradleys provided to Ukraine.
Parsons Corporation has secured a significant contract from the U.S. Army Corps of Engineers to build new army housing units in the Kwajalein Atoll, Republic of the Marshall Islands. This is Parsons’ second such contract in less than a year, demonstrating the company’s expertise in building infrastructure in challenging environments. The contract also includes the company’s qualification for future large task orders valued at $50 million or more within the USACE Honolulu District’s jurisdiction.
A US Army intelligence analyst, Sergeant Korbein Schultz, admitted to providing sensitive defense information to China in exchange for bribes. He faces a potential prison sentence of decades for his actions, which involved handing over classified military documents containing critical information about US weapons systems, military tactics, and strategy.
An American soldier was detained in Russia on charges of “criminal misconduct,” the US Army confirmed on Monday. The soldier’s name has not been released. The US State Department is providing consular support to the soldier. Russia notified the US of the detention, and the Army notified the soldier’s family. The soldier’s detention adds to the number of Americans held in Russia amid tensions between Washington and Moscow over the Ukraine invasion. Other Americans detained in Russia include Evan Gershkovich, a reporter for the Wall Street Journal, who is accused of espionage. The US government, Gershkovich, and his employer deny the charges.
