AV Secures $990M Contract to Supply U.S. Army with Switchblade Loitering Munitions
AeroVironment (AVAV) has secured a significant $990 million contract from the U.S. Army for its Switchblade loitering munition systems. This 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract is part of the Army's Directed Requirement for Lethal Unmanned Systems (LUS). The combat-proven Switchblade systems will enhance soldiers' capabilities with precision flight control, greater lethality against fortified targets, and the ability to track moving non-line-of-sight targets.
This contract follows a previous award in December 2023 and underscores AeroVironment's strategic position in rapidly producing and delivering advanced unmanned solutions. The Switchblade represents the next generation of extended-range loitering munition systems, capable of multi-domain operations.
AeroVironment (AVAV) ha ottenuto un importante contratto da 990 milioni di dollari dall'Esercito degli Stati Uniti per i suoi sistemi di munizioni a lungo raggio Switchblade. Questo contratto IDIQ (Indefinite Delivery, Indefinite Quantity) della durata di 5 anni fa parte del Requisito Diretto dell'Esercito per Sistemi Non Manovrati Letali (LUS). I sistemi Switchblade, collaudati in combattimento, potenzieranno le capacità dei soldati con un controllo di volo preciso, maggiore letalità contro obiettivi rinforzati e la possibilità di tracciare obiettivi in movimento al di fuori della linea di vista.
Questo contratto segue un precedente riconoscimento nel dicembre 2023 e sottolinea la posizione strategica di AeroVironment nella produzione e consegna rapida di soluzioni non manovrate avanzate. Lo Switchblade rappresenta la prossima generazione di sistemi di munizioni a lungo raggio, capaci di operazioni multi-dominio.
AeroVironment (AVAV) ha obtenido un contrato significativo de 990 millones de dólares del Ejército de los EE. UU. para sus sistemas de municiones durante tiempo de espera Switchblade. Este contrato IDIQ (Indefinite Delivery, Indefinite Quantity) de 5 años forma parte del Requerimiento Dirigido del Ejército para Sistemas No Tripulados Letales (LUS). Los sistemas Switchblade, probados en combate, mejorarán las capacidades de los soldados con control de vuelo preciso, mayor letalidad contra objetivos fortificados y la capacidad de rastrear objetivos móviles fuera de la línea de vista.
Este contrato sigue a un premio anterior en diciembre de 2023 y subraya la posición estratégica de AeroVironment en la producción y entrega rápida de soluciones no tripuladas avanzadas. El Switchblade representa la próxima generación de sistemas de municiones de rango extendido, capaces de operaciones en múltiples dominios.
AeroVironment (AVAV)는 미국 육군으로부터 9억 9천만 달러 규모의 계약을 체결했습니다. 이 계약은 스위치블레이드 유인 기폭장치 시스템에 대한 것으로, 5 년 간의 무기한 배송, 무기한 수량 계약(IDIQ)입니다. 이 계약은 육군의 치명적인 무인 시스템(LUS) 위한 직접 요구 사항의 일환입니다. 전투에서 입증된 스위치블레이드 시스템은 병사들의 능력을 향상시킵니다 정밀 비행 제어, 요새화된 표적에 대한 더 큰 치명성, 비시각선 추적이 가능한 이동 목표를 추적할 수 있는 기능을 제공합니다.
이 계약은 2023년 12월의 이전 상에 이어 있으며, AeroVironment의 고급 무인 솔루션을 신속하게 생산하고 제공하는 전략적 위치를 강조합니다. 스위치블레이드는 다중 도메인 작업이 가능한 차세대 장기 정지형 무기 시스템을 나타냅니다.
AeroVironment (AVAV) a obtenu un contrat significatif de 990 millions de dollars de l'Armée américaine pour ses systèmes de munitions à vol stationnaire Switchblade. Ce contrat IDIQ (Indefinite Delivery, Indefinite Quantity) de 5 ans fait partie des exigences directes de l'Armée pour les Systèmes Non Habités Lethaux (LUS). Les systèmes Switchblade, éprouvés au combat, amélioreront les capacités des soldats grâce à un contrôle de vol précis, une létalité accrue contre des cibles fortifiées et la capacité de suivre des cibles mobiles hors ligne de vue.
Ce contrat fait suite à une attribution précédente en décembre 2023 et souligne la position stratégique d'AeroVironment dans la production et la livraison rapide de solutions non habitées avancées. Le Switchblade représente la prochaine génération de systèmes de munitions à vol stationnaire à longue portée, capables d'opérations multi-domaines.
AeroVironment (AVAV) hat einen bedeutenden Vertrag über 990 Millionen Dollar vom US-Militär für seine Switchblade-Systeme zur Loitering Munition gesichert. Dieser 5-jährige Vertrag für unbestimmte Lieferung und unbestimmte Menge (IDIQ) ist Teil der Direktanforderung des Heeres für letale unbemannte Systeme (LUS). Die im Kampf bewährten Switchblade-Systeme werden die Fähigkeiten der Soldaten verbessern mit präziser Flugkontrolle, erhöhter Lethalität gegen befestigte Ziele und der Fähigkeit, bewegliche Ziele außerhalb der Sichtlinie zu verfolgen.
Dieser Vertrag folgt einer früheren Auszeichnung im Dezember 2023 und hebt die strategische Position von AeroVironment hervor, advanced unmanned solutions schnell zu produzieren und zu liefern. Der Switchblade stellt die nächste Generation von Langstrecken-Loitering-Munitionssystemen dar, die in mehreren Bereichen operieren kann.
- Secured a $990 million contract with the U.S. Army
- 5-year IDIQ contract for Switchblade loitering munition systems
- Strengthens AeroVironment's position as a leading provider of unmanned solutions
- Demonstrates the maturity and effectiveness of AeroVironment's technology
- Potential for increased revenue and market share in the defense sector
- None.
This $990M contract for AeroVironment (AV) is a significant win in the defense sector. The 5-year IDIQ agreement for Switchblade loitering munitions demonstrates the U.S. Army's commitment to modernizing infantry capabilities. This deal positions AV as a key player in the emerging field of man-portable loitering munitions.
The contract's size and scope suggest a substantial revenue stream for AV over the next five years. Investors should note the potential for follow-on orders and the possibility of increased interest from other military branches or international allies. However, it's important to consider the political and ethical implications of supplying advanced weaponry, which could impact AV's public perception and long-term sustainability.
The Switchblade system represents a leap forward in infantry capabilities. Its ability to engage non-line-of-sight and armored targets significantly enhances the tactical flexibility of infantry units. The system's precision and extended loitering endurance address critical gaps in current military capabilities.
This contract signals a broader shift in military doctrine towards more agile, unmanned systems. It's likely to spur further innovation in this space, potentially leading to new market opportunities for AV and its competitors. However, the rapid evolution of counter-drone technologies could pose future challenges to the effectiveness and longevity of such systems.
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Investors should watch for improved financial metrics in upcoming quarters, including revenue growth and potentially enhanced profitability. However, it's important to consider the company's ability to scale production rapidly and manage potential supply chain challenges. The contract's size relative to AV's current market cap suggests this could be a transformative deal for the company's financial outlook.
AV selected to deliver Switchblade systems for the
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The LUS Directed Requirement is the Army’s first effort to equip soldiers in infantry battalions with lethal, man-portable loitering munition systems. The combat-proven Switchblade systems will enhance soldiers' capabilities with precision flight control, greater lethality against fortified targets such as armored vehicles and tanks, and the ability to track and engage moving non-line-of-sight targets. AV was awarded a contract for the LUS Directed Requirement in December 2023 and is currently delivering systems under that contract.
“AV is proud to have been selected to provide Switchblade for this critical and urgent Army requirement,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “This latest contract underscores the unmatched maturity and effectiveness of our system, as well as AV’s strategic positioning to rapidly produce and deliver these cutting-edge solutions to operators in the field.”
Switchblade represents the next generation of extended-range loitering munition systems, providing operators in the field with a multi-mission loitering munition system capable of multi-domain operations. The combat-proven system also features high-precision optics and extended loitering endurance.
“Starting with the LUS Directed Requirement, we are well positioned to meet the Army’s emerging needs, leveraging our robust production capability and supply chain capacity to ensure rapid fielding and enhanced combat overmatch for our soldiers,” continued Hush.
This contract further solidifies AV’s role as a leading provider of innovative unmanned solutions. The company remains committed to supporting the
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) is a global leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics and connectivity. Headquartered in
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Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to definitize and execute contracts on favorable terms and to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in
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Ashley Riser
AeroVironment
+1 (805) 750-6176
pr@avinc.com
Source: AeroVironment, Inc.
FAQ
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