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Siga Gets Air Force Pact

The company signs deals worth $2.4 million.

Siga Technologies

(SIGA) - Get SIGA Technologies Inc Report

, a developer of antiviral medications, said it has received contracts from the Air Force worth $2.3 million.

Under one contract valued at $1.4 million, Siga will develop counter-measures against potential biowarfare pathogens, the Dengue viruses and water-related viral agents for the Air Force Medical Service.

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The company also received a one-year contract worth $900,000 to aid the Air Force Special Operations Command in developing antiviral agents.

Dengue fever and Dengue hemorrhagic fever are serious mosquito-borne diseases for which there are no approved drugs or vaccines. As a result, U.S. troops are vulnerable overseas and in areas affected by flooding, Siga says.

Shares were up 6.3% to $4.21 Friday.