iRobot put out a press release today saying that it was selected by Lockheed Martin to work on a contract for a central controller for the FCS system. This was not news; the company disclosed this information during the 1st Quarter iRobot conference call in April and it was also mentioned in a May press release by another company. For some reason, the stock popped on the news, which I would attribute far more to the upward momentum of the stock right now than this contract, which will be negligible as far as profits and revenue are concerned. Bulls are eager to run. If the stock is up $.66 on fake news, imagine what it would do with a real contract?
In other iRobot stories of interest, Microcapfun found an Army of iRobot Create robots at the Microsoft Robotics Studio Blog and an audio interview with iRobot Chairwoman Helen Greiner.
Dimorphcis also found this ScienCentral article featuring iRobot and the iRobot Create.
Tags: iRobot, robot
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