AeroVironment Receives $743M Army Contract Ceiling Increase for Switchblade Systems

The U.S. Army has awarded AeroVironment (Nasdaq: AVAV) an additional contract ceiling of $743 million to continue producing Switchblade loitering munition systems for the military branch and several allied countries, including Sweden, Lithuania and Romania. The company said Monday the award includes a $54.9 million delivery order issued under the previously awarded indefinite-delivery/indefinite-quantity contract for

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