Navitas Semiconductor stock surges 20% on U.S. defense contract
Navitas Semiconductor (NASDAQ:NVTS) shares surged 20% in after-hours trading after the U.S. Government selected the company to develop next-generation 10 kV silicon carbide power semiconductors. The U.S. Army awarded Navitas the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program following a competitive evaluation, recognizing the company's ultra-high-voltage SiC innovation and U.S.-anchored manufacturing capabilities.
The ALATTIS prototype project will develop and validate a domestic manufacturing process for ultra-high-voltage silicon carbide power semiconductor devices, with the goal of advancing high-power electronics for defense and infrastructure applications.
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