Contract includes first-time Switchblade system foreign military sales to two allied nations AeroVironment, Inc. (NASDAQ: AVAV) received additional funding of $64,565,126 on March 24 from the U.S.
AeroVironment, Inc. (NASDAQ: AVAV) received additional funding of $64,565,126 on March 24 from the U.S. Army Tactical Aviation and Ground Munitions (TAGM) project office for the procurement of Switchblade® 300 loitering missile systems. This most recent firm-fixed-price contract increases the total funded amount of Switchblade systems under the original U.S. Army contract to $231,331,651. The contract will…
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ARLINGTON, Virginia. AeroVironment has won a $20.6 million contract from the U.S. Army Tactical Aviation and Ground Munitions (TAGM) project office for Switchblade 300 tactical missile systems, the company announced in a statement.