Xos Stock Surges on US Air Force Contract Win
Shares of Xos Inc. (NASDAQ: XOS) are surging in pre-market trading Tuesday after the company secured its first military award.
Xos got a big contract to sell trucks to the U.S. Air Force, which is its first military customer and a sign the company is growing into new business areas. When a company wins major new contracts, investors get excited because it shows the business is expanding, so it's worth watching if Xos can deliver on this new opportunity.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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