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iRobot says misses out on U.S. military contract

BOSTON
Mon Sep 17, 2007 10:59am EDT

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BOSTON (Reuters) - iRobot Corp (IRBT.O) missed out in an effort to win a U.S. military contract to provide robots for use in the Middle East, a company spokeswoman said on Monday.

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Shares in the maker of robots for military use and home cleaning fell $5.48, or 23.2 percent, to $18.14 in morning Nasdaq trade.

The U.S. government announced the contract award late Friday, the spokeswoman said.

(Reporting by Jim Finkle)
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