Voyager Technologies soars after $21M defence contract and space research deal

Voyager Technologies (VOYG 3.39%) has had two encouraging news announcements over the last several days that have been propelling the company's shares higher. According to data compiled by S&P Global Market Intelligence, the company's stock price had risen by xx% week-to-date as of Friday's mid-session trading.

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.

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 National Aeronautics and Space Administration (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.

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 multi-million-dollar projects for the U.S. military. This is unquestionably a defense and space stock worth watching these days.