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Stock impact report

AeroVironment (AVAV) Rebounds 9.6% on Manufacturing Expansion [Yahoo! Finance]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Company Research Source: Yahoo! Finance
We recently published The 10 Biggest Winners in a Bloody Market . AeroVironment Inc. (NASDAQ:AVAV) was one of the best performers on Tuesday. AeroVironment snapped a two-day losing streak on Tuesday, jumping 9.59 percent to close at $228.30 apiece, as investors took heart from announcements that it would invest $30 million for its planned expansion in Albuquerque, New Mexico. In a statement, AeroVironment Inc. (NASDAQ:AVAV) said that it partnered with the City of Albuquerque and the State of New Mexico for its planned manufacturing expansion across its three existing sites inthe Sandia Science & Technology Park. The state has shelled out $5 million while the city pledged $1 million through the Local Economic Development Act (LEDA) to support the development of the project. AeroVironment (AVAV) Rebounds 9.6% on Manufacturing Expansion Pixabay/Public Domain Upon full operations, AeroVironment Inc. (NASDAQ:AVAV) expects the investment to generate more than $670 million in ec Show less Read more
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