Airship AI (NASDAQ:AISP) stock is undergoing a rally on Tuesday after the artificial intelligence (AI) driven video, sensor and data management surveillance company signed a deal with the U.S. Department of Justice (DOJ).
This contract has the DOJ seeking to utilize Airship AI’s Acropolis Enterprise Sensor Management platform. This is a video surveillance platform from the company designed to make managing and analyzing security footage easier.
Airship AI President Paul Allen said the following about this agreement with the DOJ:
“This award represents an expansion of a pilot program started with the agency in 2023, validating our ability to meet demanding agency operational and security requirements […] Equally as exciting is this project represents the second U.S. Government agency to deploy our Acropolis platform in a FedRAMP certified cloud environment, a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.”
How This Affects AISp Stock Today
News of the contract with the DOJ brings with it incredibly heavy trading of AISP stock on Tuesday. This has more than 101 million shares changing hands as of this writing. That’s already well above the company’s daily average trading volume of about 578,000 shares.
AISP stock is up 113% as of Tuesday morning.
Investors who are seeking out even more of the most recent stock market stories are in the right place!
We have all of the hottest stock market news that traders need to know about on Tuesday! A few examples include what’s going on with gold prices, Momentus (NASDAQ:MNTS) signing a deal with NASA and more. All of this info is ready to go at the links below!
More Stock Market News for Tuesday
- Gold Price Alert: Gold Spot Prices Just Hit a Record High Today
- MNTS Stock Alert: Momentus Snags NASA Contract
- Terra Classic Price Predictions: Where the New Bull Market Will Take LUNC
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
