AeroVironment shares are trading higher after the U.S. Army lifted a stop-work order on a contract with a ceiling value of $990 million related to the Switchblade systems.
Portfolio Pulse from Benzinga Newsdesk
AeroVironment shares rise as the U.S. Army lifts a stop-work order on a $990 million contract for Switchblade systems.
September 23, 2024 | 2:33 pm
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AeroVironment's stock is trading higher following the U.S. Army's decision to lift a stop-work order on a significant contract for Switchblade systems, valued at up to $990 million.
The lifting of the stop-work order on a major contract with a ceiling value of $990 million is a positive development for AeroVironment, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100