Palladyne AI signs exclusive U.S. MOU with IAI for HAROP, HARPY, Mini-HARPY loitering munitions

Palladyne AI Corp.

Exclusive right to manufacture and market IAI's HAROP, HARPY, and Mini-HARPY systems to the U.S. government.
Palladyne will establish a U.S. assembly line at its own cost; pay IAI a market-rate royalty on sales without upfront fees.
IAI will supply subsystems and engineering support; MOU term up to 10 years, subject to milestones.
Systems are combat-proven; partnership targets faster fielding than clean-sheet development.
Conference call scheduled for June 9, 2026 at 9:00 a.m. ET to discuss the announcement.

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