AeroVironment Inc (NASDAQ:AVAV) shares are rising in Wednesday’s after-hours session after the company was awarded a $500 million contract by the U.S. Department of Defense.
AeroVironment stock is building positive momentum. Why is AVAV stock advancing?
AeroVironment Awarded C-UAS Contract
AeroVironment was awarded a $500 million firm-fixed-price contract to supply commercial counter-unmanned aerial systems (C-UAS) and counter-small-UAS capabilities.
Work locations and funding will be set with each order. The contract has an estimated completion date of June 29, 2029.
