Movement Alert|Teradyne Rises 3.14% in Pre-Market Trading, Awarded $139.9 Million US Air Force Contract

Market Focus06-11

On June 11, Teradyne rose 3.14% in pre-market trading, trading at $359.99/share, with trading volume of $146,100. The rebound follows a period of supply-chain-driven weakness earlier in the month.

On the news front, the U.S. Department of Defense announced that Teradyne was awarded a $139.9 million firm-fixed-price requirements contract by the US Air Force for versatile diagnostic automatic test station kits. The contract provides kits required to assemble standardized, commercially available test equipment, components, and software. Work will be performed at Robins Air Force Base, Georgia, and is expected to be completed by June 12, 2031.

Within the Semiconductor Equipment sector, the overall tone is strongly positive. Among individual stocks, Applied Materials up 4.89%, Lam Research up 5.03%, ASML Holding up 3.81%, KLA-Tencor up 4.49%, AXT Inc up 5.99%. The sector-wide rally provides additional tailwind for Teradyne alongside its new defense contract win.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment