A consortium of academics and companies led by a unit of General Dynamics received an Army research grant to work on the technology for robotic air and ground systems worth up to $220 million
The consortium is led by General Dynamics Robotics Systems. The money includes a $63 million, five-year research agreement, a second five-year option worth $67 million, and a technology-transition contract worth up to $90 million.
The other members of the consortium are Carnegie Mellon University, the University of Pennsylvania, the University of Central Florida, Florida A&M University, the Jet Propulsion Laboratory/Caltech University, QinetiQ North America, and Boston Dynamics.
General Dynamics shares rose 8 cents to $62.16 in afternoon trading.