- Volcon Inc (NASDAQ:VLCN) has secured its first order to deliver two Stag UTV vehicles to the U.S. Army.
- The Stag, the company’s first all-wheel drive, fully electric UTV, powered by General Motors Co (NYSE:GM) electric propulsion system technology, is expected to be delivered to two U.S. Army locations in mid-2023.
- The slightly modified commercial version of the Stag will include a fully enclosed cabin and will be evaluated to support the U.S. Army Corp of Engineers (USACE) disaster and emergency response missions.
- Missions include emergency power support, emergency infrastructure assessments, debris removal, and urban search and rescue.
- In addition, ERDC-CERL’s intent is to introduce the Stag to soldiers rotating through their training sites.
- “This award is a significant first step into the federal government marketplace,” said the company’s VP of Global Defense and Government Programs, Richard Tannery.
- Price Action: VLCN shares are trading lower by 5.26% at $1.98 on the last check Wednesday.
Workday To Rally Around 20%? Here Are 10 Other Analyst Forecasts For Monday
Truist Securities raised the price target for Church & Dwight Co., Inc. (NYSE: CHD) from $95 to $105. Truist Securities analyst Bill Chappell upgraded the stock from Hold to Buy. Church & Dwight shares gained 0.5% to close at $93.30 on Friday.
