Palladyne AI Subsidiary Selected by US Navy to Develop Low Cost Near Hypersonic Missile

Palladyne AI Corp. (Nasdaq: PDYN and PDYNW) subsidiary, GuideTech (“Palladyne AI”) has been awarded a contract by the U.S. Navy to develop an air-launched, near hypersonic long-range, low cost missile (“Air-Launched Rapid Response Missile” or  “ALRRM”).

The ALRRM is expected to deliver nearly hypersonic speed and long range at a fraction of the cost of other air-breathing hypersonic weapons, meeting the Department of War’s recent call for affordability without compromising capability. The ALRRM is designed to exceed 350 nautical mile flight distance at high altitude, with a sustained cruise speed of beyond the required Mach 4.0, and designed to deliver a 150 lb warhead using an air-breathing solid fuel ramjet (“SFRJ”).  It is also designed to meet the designated size and weight requirements.

“The 2025 National Security Strategy explicitly states that the U.S. must build ‘next-generation missiles with a clear and urgent need for cost-effective, high-performance strike capabilities’ for the U.S. military,” said Ben Wolff, President and CEO, Palladyne AI. “As identified by the U.S. Navy and evidenced by our recently awarded contract, the ALRRM system is designed to address this need — delivering near hypersonic speed and range at a fraction of the cost. We believe there is no other missile currently available to the U.S. military that combines the speed, range, and payload capacity of the ALRRM, at this size and price point — creating a new strike class for 5th gen fighters that is stealth-borne, near-hypersonic, and deep-theater strike.”