AEROVIRONMENT, INC.

AVAV
Delayed Nasdaq - 04:00 2022-12-02 pm EST
92.68 USD +1.39%

AeroVironment, Inc. Receives $20,602,464 Firm-Fixed-Price Contract

09/22/2022 | 09:10am

AeroVironment, Inc. announced it received a $20,602,464 firm-fixed-price contract award on Aug.18, 2022 from the U.S. Army Tactical Aviation and Ground Munitions (TAGM) project office for the procurement of Switchblade® 300 tactical missile systems (TMS). The contract will be managed by the U.S. Army Contracting Command, Redstone Arsenal and is scheduled to be delivered by July 2023. Designed for use in engaging beyond-line-of-sight targets with lethal effects, Switchblade 300 is deployed through tube-launch from land, sea, mobile or air organic platforms. AeroVironment's combat-proven Switchblade 300 is back-packable and rapidly deployable from ground platforms, including a multipack launcher, providing warfighters with rapid-response force protection and precision strike capabilities up to six miles (10 kilometers) from its launch location.

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