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AeroVironment, Inc. (AVAV) Secures $117M US Army UAV Contract Following $97M Contract [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
23, analysts at BTIG reiterated a Buy rating on AeroVironment, Inc. (NASDAQ:AVAV) and a $330 price target. AeroVironment Inc. (AVAV) Secures $117M US Army UAV Contract following $97M Contract Michael Fitzsimmons/Shutterstock.com The positive stance is in response to the company receiving two firm-fixed-price contracts. Under the $117 million contract, the company is to deliver P550 long-range reconnaissance uncrewed aerial vehicles (UAVs) to the US Army. The contract includes finding unmanned aerial systems, battery chargers, ground control stations, launchers, and training materials. The Red Dragon contract seeks to support the Army's Long Range Reconnaissance program and represents the first contract for the company's one-way platform. AeroVironment's management is confident the platform will scale to Switchblade-like levels by the end of the decade. According to BTIG, the latest contract underlines momentum across the company's Autonomous Systems segment. Earlier in the m Show less Read more
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