AeroVironment (AVAV) has been selected for a 10-year single-award, indefinite-delivery/indefinite-quantity contract valued at $499M by the U.S. Air Force Research Laboratory for the High-Performance Electromagnetic Spectrum Survivable Materials Advancement program. Work completed under the program will mature material technology development and deploy protective solutions to the frontlines, guarding warfighters against exposure to harmful electromagnetic radiation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 price target raised to $365 from $320 at Jefferies
- AeroVironment price target raised to $350 from $267 at Baird
- AeroVironment’s Strategic Growth and Production Expansion Drive Buy Rating
- AeroVironment price target raised to $348 from $300 at Raymond James
- Deckers, Credo, Crispr, AeroVironment, Abercrombie: Trending by Analysts