Rally In AMSC Shares Continues With $75 Million Canadian Navy Deal

By Forbes | Jun 21, 2024 at 09:56 AM EST

American Supercomputer's stock surged 12% to $26.34 after securing a $75 million deal with the Canadian Navy. The contract involves providing Ship Protection Systems hardware to cloak ships' magnetic signatures. This diversification from clean energy services has analysts forecasting revenue growth and increased market opportunities.

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