AeroVironment Awarded 5-Year $990M IDIQ Contract By U.S. Army For Lethal Unmanned Systems, Deliveries Of Switchblade Systems To Begin Soon
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AeroVironment has been awarded a 5-year, $990 million IDIQ contract by the U.S. Army for lethal unmanned systems, with deliveries of Switchblade systems set to begin soon.
August 28, 2024 | 3:02 pm
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AeroVironment has secured a significant 5-year, $990 million contract with the U.S. Army for lethal unmanned systems, indicating a strong revenue stream and potential growth in defense sector.
The $990 million contract with the U.S. Army is a substantial deal for AeroVironment, likely boosting its revenue and market position in the defense sector. The initiation of Switchblade system deliveries suggests imminent revenue recognition.
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