The U.S. Department Of State Announced Approval Of A Possible Foreign Military Sale Of AeroVironment Switchblade 300 Loitering Munition Systems To Taiwan For An Estimated $60.2M
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of State has approved a potential foreign military sale of AeroVironment's Switchblade 300 loitering munition systems to Taiwan for $60.2 million. This sale aims to enhance Taiwan's defensive capabilities and supports U.S. interests in the Indo-Pacific region.
July 02, 2024 | 1:15 pm
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AeroVironment (AVAV) has received U.S. approval for a $60.2 million sale of its Switchblade 300 systems to Taiwan, enhancing Taiwan's defense and supporting U.S. interests in the Indo-Pacific.
The approval of the $60.2 million sale to Taiwan is a significant revenue boost for AeroVironment and enhances its market position in the defense sector. The deal also supports U.S. strategic interests, likely leading to a positive short-term impact on AVAV's stock price.
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