(Updates with premarket stock move.)
NextNav shares climb as much as 8% in premarket trading on Tuesday after announcing a new award from US Department of Transportation to conduct real-world field tests of its 3D PNT technologies as complement and backup to GPS.
- NextNav is petitioning the FCC to reconfigure the lower 900 MHz spectrum band (902-928 MHz) to optimize its use for a terrestrial complement and backup to GPS as well as additional spectrum for 5G broadband
- NOTE: PNT refers to positioning, navigation and timing, a geo-positioning technology
- As of the last close, the stock has risen 87% this ...
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