The U.S. Government Accountability Office GAO has denied the protest filed on September 6 challenging the U.S. Army’s sole-source award of a $990M contract for AV’s Switchblade systems. This decision reaffirms confidence in the integrity of the Army’s procurement process and its thorough evaluation of operational requirements. AV is proud to continue delivering these combat-proven, mission-critical Switchblade systems to meet the warfighter’s operational needs. “AV remains steadfast in our commitment to fulfilling this important contract and upholding our mission to provide innovative, relevant, and effective capabilities to those who serve and defend freedom,” said Wahid Nawabi, AV’s Chairman, President, and Chief Executive Officer.
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 surpassing protest ‘should be well-received,’ says Raymond James
- AeroVironment protest denial removes overhang, says William Blair
- AeroVironment says GAO denied protest of Army’s Switchblade award
- AeroVironment Faces Financial Hurdles Amid BlueHalo Integration
- AeroVironment backdrop remains robust, says BTIG