AeroVironment Awarded A $54.9M Delivery Order For The Production Of Switchblade Loitering Munition Systems. The Recently Announced Award Includes An Additional Contract Ceiling Of $743M
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AeroVironment has been awarded a $54.9 million delivery order by the U.S. Army for the production of Switchblade loitering munition systems, with a potential contract ceiling of $743 million. This contract supports the U.S. Army and allied partners.
October 14, 2024 | 1:17 pm
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AeroVironment has secured a $54.9 million order from the U.S. Army for Switchblade munitions, with a potential contract ceiling of $743 million. This deal supports the U.S. Army and allied partners, potentially boosting AeroVironment's revenues and market position.
The $54.9 million order and potential $743 million contract ceiling represent significant revenue opportunities for AeroVironment. The contract supports the U.S. Army and allied partners, indicating strong demand for AeroVironment's products. This is likely to positively impact AeroVironment's stock price in the short term.
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