10:59 AM EDT, 06/16/2025 (MT Newswires) -- Aeluma ( ALMU ) shares rose 10% in Monday trading after the company won a contract from the US Navy worth up to $1.3 million to advance the development and commercialization of high-speed photodetectors for optical interconnects for government and commercial applications.

The contract includes collaboration with an undisclosed interconnect manufacturer as a proposed subcontractor, along with assistance from a government contractor, Aeluma ( ALMU ) said Monday in a statement.

Price: 14.75, Change: +1.36, Percent Change: +10.20