XTI Aerospace shares surge 10.62% intraday after submitting three drone project applications with DIU and DARPA and participating in Wharton conference on defense innovation.

XTI Aerospace surged 10.62% intraday as the company submitted three drone development project applications with the Defense Innovation Unit (DIU) and DARPA, including RIMES, CADDS, and the DARPA Lift Challenge. Executives also participated in the Wharton Aerospace Conference, emphasizing scalable manufacturing and rapid innovation cycles. The company specializes in aerospace technology through its Drone Nerds subsidiary, providing drone platforms for enterprise, government, and defense clients with a focus on reliable technology and supply chains.