Pentagon's ‘Switchblade 600' Drone Gets Funding For China Fight [BNN Bloomberg (Canada)]
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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Source: BNN Bloomberg
The 50-pound (23 kilogram) Switchblade 600 is the first of a new wave of lower-cost autonomous weapons the Pentagon is publicly acknowledging it's funding through its Replicator program — an effort to field new systems by August 2025 to help counter Chinese capabilities. Produced by AeroVironment Inc., an Arlington, Virginia-based company, the drones can fly more than 24 miles (39 kilometers) and idle for 40 minutes before attacking its target with an anti-armor warhead. The Pentagon announced the Switchblade's selection in the program on Monday. Other companies are expected to win support for their systems as well, but it's not clear how many of them will be publicly disclosed. Contractors whose weapons are selected will see millions of dollars in increased sales as the department plans to scale production to meet its ambitious goals. Congress approved $500 million this fiscal year for the Replicator effort and the Pentagon has requested an equal amount for the fiscal year beg
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- AV's Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense's Replicator Initiative [Yahoo! Finance]Yahoo! Finance
- AV’s Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense’s Replicator InitiativeBusiness Wire
- Pentagon's Replicator selects AeroVironment's Switchblade-600 is first buy [Reuters]Reuters
AVAV
Earnings
- 3/4/24 - Beat
AVAV
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- AVAV's page on the SEC website