Navitas Stock Jumps After U.S. Army Picks It for 10 kV Program

Navitas Semiconductor NASDAQ:NVTS, which makes gallium nitride and silicon carbide power chips, rose 10.74% in premarket after it said the U.S. Army selected it for the ALATTIS program to develop next-generation 10 kV silicon carbide power semiconductors. The company didn't disclose the award's val…