Monday, September 17, 2007

iRobot Loses Military Bid

Posted By: Andrew R. Harris

Cyborg soothsayer, iRobot, having shipped 800 of it's tactical Pacbots for deployment in the "War on Terror" was certain of future Pentagon contracts being awarded to them. They weren't the only ones betting on this prospect. However assuming the Pentagon will follow a logical course of action is a dangerous line of thinking, at anytime; but especially during times of war. Robotic FX Inc. was given the Pentagon contract, a $279.9 million deal for bomb detecting robots. Upon news of the contract deal iRobot stock IRBT took a expected dive this morning down $-5.22, or 22%.
[via Barron's]

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