Palladyne AI Corp.

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 Exhibit 99.1
  

 Palladyne AI and IAI Form Partnership to Manufacture and Sell Combat-Proven Loitering Munition Systems to the U.S. Department of War
 SALT LAKE CITY and TEL AVIV – June 8, 2026 - Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a U.S.-based defense and industrial technology company, and Israel Aerospace Industries (IAI), a world-class aerospace and defense leader, today announced the formation of a strategic partnership under which Palladyne AI will manufacture, integrate and market IAI’s HARPY, HAROP and Mini HARPY loitering munition systems to the U.S. Department of War.
 The partnership provides Palladyne AI with exclusive U.S. production and marketing rights for loitering munition systems, designed to suppress and destroy enemy air defenses and provide long-range strike capabilities across operational and tactical environments.
 IAI has been pioneering the global loitering munition market for more than 40 years, with systems deployed operationally in many militaries worldwide. Under the partnership, Palladyne AI will adapt the systems to U.S. operational requirements and domestically manufacture components and subsystems, while IAI will provide engineering support and key subsystems. The partnership comes as the Department of War is increasing its investments in loitering munitions to expand its military capabilities for the modern battlefield.
 Boaz Levy, IAI's Chairman of the Board: “The U.S. is a strategic market for IAI, and this partnership represents a significant step in expanding our long-term presence and industrial cooperation in the U.S. defense sector. By combining IAI’s decades of operational expertise and combat-proven loitering munition technologies with Palladyne AI’s U.S.-based manufacturing capabilities, we are positioning these systems to meet evolving operational requirements and support the current and future needs of the U.S.”
 Ben Wolff, President and Chief Executive Officer of Palladyne AI, commented: "The U.S. defense industrial base needs battle-proven loitering munitions capabilities it can field now. IAI's systems have been validated in real-world combat environments for decades. What differentiates this partnership is that by combining IAI’s systems with Palladyne AI’s U.S. engineering and manufacturing capabilities, we can make those systems’ capabilities available to the U.S. Department of War much faster than through a clean-sheet development program. We built that stack in 2025. This partnership is the first major proof of what it can do."
 Guy Barlev, Executive VP and GM of the Space Missiles and Systems, IAI: “This new strategic partnership will bring our combat-proven long-range loitering munitions to the U.S. market. We selected Palladyne AI for its combination of advanced autonomy, engineering expertise and certified U.S. manufacturing capabilities. Palladyne AI's leadership has built and scaled large, complex businesses before. Their team moves with the kind of urgency the current threat environment demands.

  
  

 Admiral Eric T. Olson (Ret.), Palladyne AI board member , concluded, "We built Palladyne AI to be the kind of partner the Department of War actually needs right now, not a startup with an interesting product and no ability to scale, and not a legacy prime moving at legacy prime speed. We can take proven systems, adapt them for U.S. requirements, and build them in America. The IAI partnership is exactly the kind of opportunity that Palladyne’s infrastructure was designed to capture.
 IAI Loitering Munitions: Distinct Capabilities for Distinct Requirements
 The HARPY and HAROP systems have proven unparalleled effectiveness against enemy air defenses, serving as a decisive tool for gaining a theater-wide advantage. These loitering munitions are designed for autonomous operation, searching for and engaging hostile targets across the battlefield. Equipped with advanced sensors and high-precision strike capabilities, they effectively neutralize air defense infrastructure, including radar sites, missile launchers, and command-and-control centers. By eliminating these key assets, IAI’s long-range loitering munitions have played a pivotal role in establishing air superiority and clearing the path for successful multi-domain operations.
 The Mini HARPY leverages the advanced heritage of the HARPY and HAROP, combining their respective seekers onto a single platform for tactical echelons. Beyond its EO/IR sensors, the system is equipped with a specialized Anti-Radiation seeker designed specifically to locate and neutralize adversary emitters. This provides front-line forces with the ability to secure air superiority by effectively engaging enemy air defenses and Counter-UAS arrays."
 Conference Call
 Palladyne AI will host a conference call tomorrow , Tuesday, June 9, at 9:00 a.m. Eastern Time to discuss this morning’s announcement.
 Dial-in and Webcast Information

 Date/Time:

  

 Tuesday, June 9, 2026, at 9:00 a.m. Eastern Time

 Toll-Free (North America):

  

 1-877-407-0789

 Toll/International:

  

 1-201-689-8562

 Conference Call ID:

  

 13760960

 Webcast Link: https://viavid.webcasts.com/starthere.jsp?ei=1765783&tp_key=e5c10b126a

 Call me™: Participants can use the Guest dial-in #s above and be answered by an operator, or click the Call me™ link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to the scheduled start time. Call me Link
 Replay Information

 Toll-Free (North America)

  

 1-844-512-2921

 Toll/International:

  

 1-412-317-6671

 Conference Call ID:

  

 13760960

 Expiration:

  

 Tuesday, June 23, 2026, at 11:59 p.m. Eastern Time

 ***

  
  

 About Palladyne AI - Palladyne AI (NASDAQ: PDYN) is a U.S.-based defense and technology company delivering patented embodied artificial intelligence, collaborative autonomy solutions, advanced avionics, autonomous systems, and precision-manufactured components for defense and industrial markets. Through its GuideTech engineering services subsidiary and its manufacturing companies, Palladyne AI operates as a vertically integrated platform capable of executing across the full value chain — from component production and systems integration to autonomy software and mission-level orchestration.
 Palladyne AI's embodied AI is designed to operate in complex, contested, and high-risk environments, enabling distributed tasking, human-on-the-loop decision-making, degraded-communications resilience, and multi-domain coordination. Its platform-agnostic autonomy stack combines real-time sensor fusion, adaptive AI models, and edge-native orchestration — without vendor lock-in — across air, ground, maritime, and industrial domains.
 Palladyne Aerospace and Defense, the company's defense contracting division, is positioned as a mid-tier U.S. technology prime, bridging advanced autonomy, practical engineering, and American manufacturing to bring intelligent systems into active service faster and more cost-effectively than legacy approaches. Palladyne Aerospace and Defense delivers software, components, subsystems, and complete loitering munition systems aligned with the Department of War’s growing demand for cost-effective, rapidly deployable, and domestically produced capabilities.
 All Palladyne AI platforms are American-developed and operated, designed to meet the stringent requirements of U.S. government customers, including data sovereignty, security, and compliance. For more information, visit www.palladyneai.com.information
 About IAI - Israel Aerospace Industries (IAI) is a world-leading aerospace and defense company innovating and delivering state-of-the-art technologies in space, air, land, naval, cyber for defense and commercial markets. Combining the spirit of innovation with decades of combat-proven experience, IAI provides customers with tailor-made, cutting-edge solutions to the unique challenges they face, including satellites, UAVs, missiles, intelligence solutions, weapon systems, air defense systems, robotic systems, radars, business jets, aerostructures, and more. Established in 1953, IAI is one of Israel’s largest technology employers with offices and R&D centers in Israel and abroad. IAI’s presence in the United States is built on long-standing partnerships and includes steadily growing local production capabilities through U.S. subsidiaries such as Stark Aerospace in Columbus, Mississippi.
 Forward-Looking Statements
 This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding potential future expansion of the partnership; the benefits to the U.S. military of IAI’s systems’ capabilities; speed of system delivery; and Palladyne AI’s engineering and manufacturing. Forward-looking

  
  

 statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Palladyne AI’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Palladyne AI is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
 Readers should carefully review the statements set forth in the reports which Palladyne AI has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”), in particular the risks and uncertainties set forth in the sections of those reports entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements,” for a description of risks facing Palladyne AI and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Palladyne AI with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.
 Palladyne AI Investor Contact:
 Brian S. Siegel, IRC®, M.B.A.
 Senior Managing Director
 Hayden IR - Chicago
 (346) 396-8696 (o)
 brian@haydenir.com
 IR@palladyneai.com
 Palladyne AI Press Contact:
 Heath Meyer
 (858) 768-1527
 PR@palladyneai.com
 IAI Press Contact:
 Dafna Slyper
 (972) 523189797
 daravitz@iai.co.il

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 Investor Update June 8, 2026 NASDAQ: PDYN Exhibit 99.2

 FORWARD-LOOKING STATEMENTS MARKET DATA, EXPORT CONTROLS & DISCLOSURES This presentation and any related oral statements contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding Palladyne AI's anticipated growth and operating scale, achievements and potential milestones and the timing and catalysts thereof, revenue projections and margins, the capabilities or future capabilities of Palladyne AI's technology, related products and partnerships, the markets for its products and services, future development, cooperation and manufacturing plans, business strategy, projections of market opportunity, anticipated benefits of its technologies, plans and objectives for future operations and offerings, Palladyne AI's product development, expected features, benefits and use cases of Palladyne AI's foundational technology and products, potential partnerships and commercialization, future acquisition activity, expectations and timing related to commercial product launches, and the potential success of Palladyne AI's strategy. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. Such forward-looking statements involve risks, uncertainties and assumptions that may cause actual events, results, or performance to differ materially from those indicated by such statements. Certain of these risks and uncertainties are set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Palladyne AI's filings with the Securities and Exchange Commission (the "SEC") from time to time which are available, free of charge, at the SEC's website at www.sec.gov. In addition, statements that "we believe" and similar statements reflect Palladyne AI's beliefs and opinions on the relevant subject. These statements are based upon information available to Palladyne AI as of the date of this presentation, and although Palladyne AI believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and Palladyne AI's statements should not be read to indicate that Palladyne AI has conducted a thorough inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and readers are cautioned not to unduly rely upon these statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Palladyne AI or any other person that Palladyne AI will achieve its objectives and plans in any specified time frame, or at all. Except as required by law, Palladyne AI assumes no obligation and does not intend to update any forward-looking statements or to conform these statements to actual results or changes in Palladyne AI's expectations. Market Data & Industry Estimates. This presentation may also contain estimates and other statistical data made by independent parties and by Palladyne AI relating to market size and growth and other industry data. These data involve a number of assumptions and limitations and is subject to change. You are cautioned not to give undue weight to such estimates. Palladyne AI has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, cannot guarantee their accuracy or completeness. In addition, any projections, assumptions and estimates of Palladyne AI's future performance and the future performance of the markets in which it competes are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results or outcomes to differ materially from those expressed in the estimates made by the independent parties and by Palladyne AI. Export and Other Controls. The products described in this presentation are subject to trade controls, including but not limited to the U.S. Export Administration Regulations ("EAR") and/or the International Traffic in Arms Regulations ("ITAR"). Information in this presentation is meant for background purposes only, and availability of the products and/or capabilities described herein is subject to U.S. Government authorization. This presentation does not contain any National Security Information, Restricted Data, or other sensitive information subject to disclosure controls under the National Industrial Security Program Operating Manual ("NISPOM," codified at 32 CFR Part 117). Any use of the term "confidential" in this document is meant to indicate the presence of information of a business-sensitive or proprietary nature; it is not meant to be construed consistent with the term's definition and associated safeguarding requirements set forth in the NISPOM. All activity described herein subject to applicable government (including but not limited to U.S. Government) authorization. Public Information & Disclosure Channels. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business. Palladyne AI announces material information to the public through filings with the SEC, public conference calls, its website (www.palladyneai.com), its investor relations website (investor.palladyneai.com), its news site (palladyneai.com/press), and social media including X (@PalladyneAI) and LinkedIn (linkedin.com/company/palladyneaicorp). The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation. Disclaimer Forward-looking statements and important notices regarding the information presented in this deck.

 Purchase from Raytheon (2015) 2015 Sarcos Robotics Begins Trading Publicly (2021) 2021 2025 Raytheon Buys Sarcos (2007) 1983 2024 Sarcos becomes Palladyne AI (2024) 2007 Sarcos Spins Out of the University of Utah (1983) Joins Russell 2000 and Russell 3000 (6/2025) Palladyne AI acquires GuideTech, MKR, and Warnke (11/2025) Palladyne AI Snapshot As of June 8, 2026 Building the Foundation for Autonomous Defense COMPANY OVERVIEW U.S. aerospace, defense, and industrial technology company What We Do Design, build, and deliver advanced autonomy software, fully autonomous UAVs and loitering munitions (LM), and components How We Do It Patented Decentralized Embodied Collaborative Autonomy (DECA) — the intelligence layer delivered through purpose-built engineering + certified U.S. manufacturing NATIONWIDE PRESENCE Salt Lake City, UT -- Headquarters Who We Are Headcount ~200

 SwarmOS™ The Collaborative Swarming Autonomy Layer the DoW is Looking For CAPABILITIES Enhanced Operational Effectiveness Drone & Swarm Autonomy. Sustains track on targets with autonomous collaboration. Resilience in comms denied and GPS degraded comms environments. Self-Orchestration Each UAV perceives, decides, and acts autonomously, yet collaboratively — assigning roles by mission intent. Enhanced Situational Awareness Multi-sensor fusion across EO, IR, RF, LiDAR, and radar for real-time understanding in degraded conditions. Autonomous Multi-Platform Collaboration Coordinates diverse UAV platforms into a unified fleet; optimizes coverage via shared mission information. Reduces operator burden. CAPABILITY OVERVIEW PROGRAMS & EXERCISES AFRL Relentless Wolfpack Industry Day One of 14 selected; Tier 1 prime team for networked collaborative autonomous weapon salvos. DOW JOINT EXERCISE Northern Strike 26-2 Demonstration of SwarmOS on four UAV platforms — validates cross-platform collaborative swarm autonomy in real time. COLLABORATIVE SWARMING AUTONOMY SOFTWARE +5 OTHERS

 COLLABORATIVE AUTONOMY SOFTWARE Design + AI + Manufacturing &#x2014; vertically integrated under one roof Embodied AI Patented Decentralized Embodied Collaborative Autonomy (DECA) &#x2014; the intelligence layer DoW Priority Alignment Collaborative autonomy Low-cost attributable munitions Domestic sovereign manufacturing and supply chains AEROSPACE ENGINEERING Prime contractor DNA &#x2014; concepts to flight prototype in <6 months BRAIN Avionics ~1/10th weight & cost of legacy; onboard AI inference Cost Edge Gremlin-X targets <$1K/effect: Swarmstrike< $150k/unit < 6-month concept to flight prototype U.S. MANUFACTURING Certified precision manufacturers with existing revenue and growing backlog Certifications AS9100 & ISO 9001:2015; machining & assembly Scale-Up Significant capacity available Sovereign Manufacturing Warnke + MKR In Development Gremlin-X (mini-bomber), SwarmStrike, ALRRM Active Programs F-16, F-22, F-35, C-130, Tomahawk, Harpoon, JDAM, Bradley, M1A1 Abrams Palladyne Aerospace & Defense

 Combined the Best of New Defense Tech and Legacy Primes Palladyne Aerospace & Defense Synthesizes the Strengths of Both Models Palladyne Aerospace and Defense was built specifically for this moment. NEO-PRIMES LEGACY PRIMES Software-first architecture Fast iteration cycles Agile & responsive Significant IR&D Decades of technology evolution Deep domain expertise Extensive IP portfolio Scale & credibility Battle proven & time-tested weapons systems Long-term patient shareholder base Risk Tolerant

 PALLADYNE AI &times; IAI Exclusive U.S. Strategic Partnership for Loitering Munitions World class battle-tested loitering munition systems are coming to America.

 Israel Aerospace Industries: A Global Defense Powerhouse Israel&#x2019;s Largest Defense Company. Top 30 Defense Company Globally. Who is IAI? Government-owned Israeli defense company founded under the initiative of Shimon Peres in 1953 Israel's largest tech employer & largest engineering workforce Trusted partner to defense establishments worldwide Record sales, profits, and backlog in 2025 $30B+ Backlog* $7.4B 2025 Revenue* 70+ Years of Continuous Innovation
& Operational Deployment* 50+ Countries Served* PORTFOLIO Defense Domains Air Land Sea *Based on publicly available information Space Cyber/ Intelligence

 Battle-Proven Loitering Munitions THREE SEAD/DEAD PLATFORMS Purpose-built to suppress and destroy intermittent air-defense radar Mini HARPY Tactical SEAD/DEAD &middot; dual-seeker Range ~100 km Endurance 1&#x2013;2 hr Warhead 7&#x2013;8 kg Guidance EO/IR + AR BEST POSITIONED FOR Tactical distributed SEAD Brigade &middot; MDTF &middot; Marine ops Organic anti-IADS capability HARPY Persistent anti-IADS SEAD/DEAD Range 200&#x2013;1,000 km Endurance 6&#x2013;9 hr Warhead 16&#x2013;32 kg Guidance Passive AR BEST POSITIONED FOR Operational / theater SEAD Persistent anti-IADS suppression Intermittent emitter hunting HAROP Long-range SEAD/DEAD &middot; ISR-strike Range 200&#x2013;1,000 km Endurance 6&#x2013;9 hr Warhead 16&#x2013;23 kg Guidance EO/IR + MITL BEST POSITIONED FOR Persistent ISR-strike operations Contested distributed warfare Autonomous collaborative strike DEAL STRUCTURE Exclusive U.S. Rights Manufacture, integrate, and market IAI's loitering munitions to the U.S. Government Palladyne AI Role Adapt systems to U.S. requirements; manufacture domestically; contracts with U.S. Government IAI Role Engineering support and potential supply of key components and subsystems Expansion Potential Potential to expand to additional systems and technologies COMBAT-PROVEN HERITAGE Israel Aerospace Industries (IAI) established the loitering-munition category 40+ years ago &#x2014; combat-proven across diverse campaigns. Exclusive U.S. Partnership with Israel Aerospace Industries (IAI) &middot; Palladyne AI will Americanize, Manufacture, and Market to U.S. Government

 How the Partnership Will Work From Partnership to Programs of Record Potential Components, Subsystems, and Engineering Support Market Rate Royalty AMERICANIZATION+ SYSTEMS INTEGRATION CERTIFIED U.S. DOMESTIC PRODUCTION & ASSEMBLY U.S. GOVERNMENT GO-TO-MARKETSwarmOS™ INTEGRATION Today Partnership announced DoW awareness and demand development begins Next Steps Respond to U.S. Government solicitations Americanization Stand up domestic manufacturing Testing and certification Success Win contracts Systems certified First deliveries Up to 10-year exclusivity dependent on key milestones; structured to continue as the partnership delivers results for both sides.

 Palladyne AI Manufacturing U.S. Production for Priority Defense Programs VERTICALLY INTEGRATED OXFORD, MI &middot; SAGINAW, MI HEAVY FABRICATION Structural welding & large-format cutting Welding & Fabrication Plasma Arc Cutting to 10'&times;20'&times;4" Plate Rolling (up to 2"), Bending Up to 25 tons lifting capacity PRECISION CNC MACHINING Tight-tolerance components & sub-assemblies CNC Milling &#x2014; 3, 4, 5 Axis CNC Boring Mills &#x2014; 3, 4 Axis CNC Turning & OD Grinding CMM, Laser Engraving, Sub-assembly CERTIFICATIONS PROGRAMS SUPPORTED KEY CUSTOMERS AS9100 ISO 9001:2015 F-35 F-16 F-22 C-130 Tomahawk Harpoon JDAM Bradley M1A1 Abrams

 Palladyne Aerospace & Defense: Momentum Accelerating Key Milestones Since April 1, 2026 Team Invited to 5 DoW joint exercises Multiple new drone OEM SwarmOS™ partnerships in progress Successful integration and flight of multiple drone OEM platforms using SwarmOS Completed 3-week DoW exercise running SwarmOS simultaneously on multiple drones, demonstrating collaborative autonomy across heterogeneous platforms: one operator First Flight of IntelliSwarm™: Palladyne AI&#x2019;s SwarmOS Autonomous Swarming Software Integrated into its BRAIN X2 Flight Computer Significant Brain order for provider of unmanned and counter-unmanned systems Two retired flag officers added to the Defense Advisory Board: Retired Lieutenant General Sean Bernabe Retired Brigadier General Gwyn Armfield Sean Bernabe Lieutenant General (Ret.) Gwyn Armfield Brigadier General (Ret.)

 THE NEW RULES OF READINESS PALLADYNE AI DELIVERS Palladyne™ IQ 2.0 SwarmOS™ Gremlin-X™ SwarmStrike™ BRAIN IAI Partnership DoW Cost-per-Effect Mandate Priorities shifting from &#x201c;the biggest&#x201d; to &#x201c;the smartest, cheapest, fastest.&#x201d; Palladyne Manufacturing IAI Partnership Reshoring and Sovereignty Executive mandate for domestic defense production and expanded military budget. SwarmOS Gremlin-X SwarmStrike IntelliSwarm DECA in Mission Systems Autonomous systems moving from concept to operational deployment and solving real problems. SwarmOS BRAIN IntelliSwarm Why Now? The World Has Changed. Tailwinds from Multiple Structural Shifts Driving Demand IntelliSwarm™ IAI Partnership Battle Proven Loitering Munitions Best-in-class SEAD and DEAD capabilities that fill a gap in the US arsenal

 Thank You. INVESTOR CONTACT Brian Siegel, IRC, MBA Senior Managing Director, Investor RelationsHayden IR www.palladyneai.com brian@haydenir.com (346) 396-8696 linkedin.com/company/palladyneaicorp NASDAQ: PDYN