🟢 Navitas Semiconductor is trading 4.22% up today after U.S. Army selects it for ALATTIS

Navitas Semiconductor is trading at $12.22, up 4.22% in early trading following its selection for the U.S. Army’s ALATTIS program.

• The Army selected the company after a competitive evaluation. The project aims to develop and validate a domestic manufacturing process for next-generation 10 kV silicon-carbide power semiconductors.
• The award was announced September 28 and remained in focus in coverage dated September 30; no separate September 30 company announcement was identified.