Twin Vee Pivots to Government Contracts with Autonomous Marine Unit
Fort Pierce, Monday, 2 February 2026.
Twin Vee shares rose nearly 6% after the sport boat maker launched Black Line Defense, a subsidiary leveraging decades of manufacturing experience to secure autonomous military vessel contracts.
Strategic Expansion into Defense
On February 2, 2026, Twin Vee PowerCats Co. (Nasdaq: VEEE) officially announced the formation of Black Line Defense, a wholly-owned subsidiary designed to penetrate the government and defense sectors [1][2]. This strategic initiative marks a departure from the company’s traditional focus on recreational power sport boats, as the new unit will concentrate on delivering both crewed and autonomous maritime solutions [1][3]. The subsidiary aims to secure contracts with the U.S. Department of Defense, the Department of Homeland Security, and various state and local agencies by adapting Twin Vee’s existing vessel designs into mission-specific platforms [2][3].
Market Reaction and Financial Context
The market responded favorably to the announcement, with Twin Vee shares gaining 5.84% to close at $1.63 on February 2, 2026 [2]. Intraday trading saw significant volatility, with the stock registering a peak gain of 14.5% before settling [2]. This upward movement added approximately $190,000 to the company’s valuation, bringing its market capitalization to $3 million [2]. However, the stock remains under pressure in the broader context, trading approximately 27.232 percent below its 200-day moving average of roughly $2.24 [2].
Leveraging Operational Infrastructure
Black Line Defense intends to utilize Twin Vee’s 30-year history of manufacturing and its vertically integrated facility in Fort Pierce, Florida [1][3]. The company plans to leverage in-house assets, including a 14-meter, five-axis CNC router, to support the engineering and production of defense-grade vessels [2][3]. This launch follows a preliminary strategic move on January 6, 2026, when Twin Vee established an autonomous marine steering committee to advance defense technologies—a decision that triggered a 13.2% stock rally at the time [2].
Executive Outlook
Company leadership has expressed optimism regarding the transition. Joseph Visconti, President and CEO of Twin Vee, stated that combining their advanced technologies with their established manufacturing foundation allows them to pursue these opportunities with “confidence and discipline” [1][3]. Carol Craig, a member of the Board of Directors and CEO of Sidus Space, noted that Twin Vee possesses the “right foundation” to compete effectively in the government and defense markets [1][3].