Shares of Nauticus Robotics (NASDAQ: KITT) soared in early morning trading on Wednesday after the developer of autonomous ocean robots announced that it had bagged a second multi-million dollar contract with the U.S. Defense Innovation Unit (DIU).
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This contract is for the development of an amphibious unmanned system that would utilize Nauticus’s autonomous command and control software platform, ToolKITT.
ToolKITT is a unified software platform that utilizes advances in machine learning to “identify, classify, and perform complex underwater activities, which can be applied to remove, detect, identify, inspect, and neutralize hazards underwater.”
