Earlier, Aerovironment, Inc. Announced That Its Medium UAS JUMP 20 Aircraft Was Not Selected By The U.S. Army To Proceed Further Within The Future Tactical Unmanned Aircraft System Program Increment 2
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AeroVironment, Inc. announced that its Medium UAS JUMP 20 aircraft was not selected by the U.S. Army for the next development phase of the Future Tactical Unmanned Aircraft System (FTUAS) Program Increment 2.
May 25, 2023 | 7:57 pm
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AeroVironment's stock may be negatively impacted by the U.S. Army's decision not to select its Medium UAS JUMP 20 aircraft for the FTUAS Program Increment 2.
AeroVironment's Medium UAS JUMP 20 aircraft not being selected for the FTUAS Program Increment 2 means the company will miss out on potential revenue and growth opportunities from this program. This could lead to a negative impact on the company's stock price in the short term.
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