AeroVironment Receives U.S. Army Lethal Miniature Aerial Missile Systems Contract Valued At Up To $41 Million for Switchblade 300 Tactical Missile Systems Contractor Logistics Support

Rhea-AI Summary

AeroVironment, Inc. (NASDAQ: AVAV) has secured a significant contract from the U.S. Army, valued at $13,010,560, for contractor logistics support of its Switchblade® 300 tactical missile systems. This cost-plus-fixed-fee contract order, awarded on March 24, 2021, reinforces AeroVironment's position as a leader in unmanned aircraft systems (UAS) and highlights its commitment to supporting military operations with advanced technology.

Positive

• Secured $13,010,560 contract order from the U.S. Army for Switchblade® 300 support.
• Validates AeroVironment's expertise in unmanned aircraft systems.

Negative

• None.

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $13,010,560 cost-plus-fixed-fee contract order on March 24, 2021 from the U.S. Army for Switchblade® 300 tactical missile systems contractor logistics support

FAQ

What recent contract did AeroVironment, Inc. (AVAV) receive?

AeroVironment received a $13,010,560 contract order from the U.S. Army for Switchblade® 300 tactical missile systems logistics support.

When was the contract awarded to AeroVironment for the Switchblade® 300?

The contract was awarded on March 24, 2021.

What is the value of AeroVironment's recent contract with the U.S. Army?

The contract is valued at $13,010,560.