US Army Awards AeroVironment $146 LMAMS contract Funded at $76 Million for First Year of Switchblade Systems Procurement

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), announced the receipt of a one-year, $75,930,901 funded contract award on April 30, 2020 from the United States Army for procurement of the company's Switchblade(R) loitering missile system. The contract award was funded for the first year of procurement through a Joint Urgent Operational Need Statement from the United States [...]