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Beyond Meat Inc (NASDAQ:BYND) shares are trading sharply higher on Thursday following an announcement that the U.S. Army is seeking to manufacture meatless proteins for field rations.
Army Seeks Alternative Protein Sources
The U.S. Army Combat Capabilities Development Command – Soldier Center (DEVCOM-SC) published a Sources Sought notice on Wednesday.
The Army aims to identify innovative research on product development for alternative proteins. This initiative seeks to enhance food supply chain resilience.
The notice specifically excludes cell-cultured or insect proteins, focusing on technologies like fermentation.
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