Airship AI (NASDAQ: AISP) stock soared during intraday trading Tuesday after the company inked a six-figure deal with the Department of Justice (DOJ) for the Acropolis Enterprise platform.
Airship AI has secured a significant contract with an agency within the Department of Justice (DOJ) for its Acropolis Enterprise Sensor Management video and data management platform. This platform will support emerging public safety and investigative requirements.
The contract features a substantial initial payment in the six-figure range for the base year, including the possibility of extending the agreement for up to four additional years through option years.
Paul Allen, President of Airship AI, expressed enthusiasm regarding the contract, stating,
“This award represents a substantial expansion of an existing deployment of our Acropolis ecosystem, validating our ability to scale in size and scope as the agency’s requirements grow.”
Allen further emphasized the strategic significance of the contract, stating,
“Equally as exciting is the customer will be leveraging work done by other agencies within the DOJ and Department of Homeland Security to migrate from existing on-premises operations to a FedRAMP certified cloud environment, a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.”
Airship AI (NASDAQ: AISP) Stock Reaction
On Tuesday, AISP stock surged 47.13%, closing at $4.62, marking a 29.41% increase for the week. The trading volume was 96,582,256 shares, significantly higher than the average daily volume of 2.69 million.
