Two pieces of encouraging news from Voyager Technologies (VOYG 4.56%) over the last several days have been propelling the company's shares higher.
Going to college
The first of the pair was Voyager's announcement on Monday that it had signed a joint investment agreement with the University of North Dakota. Under the terms of the pact, the company and the school will identify research and development opportunities that can mutually benefit both parties.
Image source: Getty Images.
This covers a wide range of potential subjects, including human space flight and orbital operations. The University is a partner of choice for this, as it is the only college housing a NASA-funded laboratory for the development of space suits.
Two days later, Voyager divulged that it had been awarded a contract by the Air Force Research Laboratory to develop next-generation intelligence, surveillance, and reconnaissance (IRS) systems. Adding more juice to the announcement of the $21 million program, Voyager said these platforms would be enhanced by artificial intelligence (AI), a still-hot technology that excites investors.
NYSE: VOYG
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A fine combination
Voyager is clearly capitalizing on its opportunities as a company at the intersection of cutting-edge technology and current defense sector demand. It wouldn't surprise me if the company were to announce subsequent, beneficial research partnerships or multimillion-dollar projects for the U.S. military. This is unquestionably a defense and space stock worth watching these days.
