AeroVironment (AVAV) announced a new contract with the Dutch Ministry of Defence to modernize its Puma UAS fleet with expanded capabilities, including VTOL options. Deliveries are underway. The Netherlands is also expanding its UAS portfolio with the acquisition of Puma LE for extended endurance and range. AeroVironment stated the partnership underscores rising demand for adaptable uncrewed systems.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVAV:
- AeroVironment Completes Acquisition of BlueHalo
- Sector Spotlight: U.S. budget to include DoD spending above expectations
- AeroVironment Completes Acquisition of BlueHalo, LLC
- U.S. Army plans overhaul, increase use of drones, WSJ reports
- TipRanks’ ‘Perfect 10’ Picks: 2 Top-Scoring Stocks Earning Wall Street’s Seal of Approval