TECH - NextNav Stock Is Moving After The Market Close: What's Going On? | Benzinga
NextNav Inc (NASDAQ:NN) shares are trading higher in Monday’s after-hours session after the company was awarded a U.S. Department of Transportation (DOT) contract.
What Happened: After the market close on Monday, NextNav announced it won a new award from DOT to conduct real-world field tests of its 3D PNT technologies. NextNav will provide PNT (positioning, navigation and timing) information to meet infrastructure needs when GPS service is unavailable.
The award comes from the DOT Volpe Center and is a part of the agency’s complementary PNT Action Plan to help “facilitate ...