On Tuesday, Quantum Cyber N.V.
(NASDAQ:QUCY) announced an expanded partnership with BP United Inc. under which it will assume direct manufacturing of its autonomous drone platform, advancing its strategy to become a vertically integrated defense manufacturer.
BP United will continue providing technical and engineering support and has also agreed to a two-year voting arrangement supporting proposals recommended by Quantum Cyber's board.
The transition removes the company's reliance on third-party supply chains, shifting its business model from a technology licensing platform to a vertically integrated defense manufacturer.
Following the announcement, the stock jumped nearly 32%.
