AeroVironment Secures Major Defense Contracts

AeroVironment, a defense technology company, secures a $4.8 million contract from the U.S. Coast Guard for Mission Specialist Defender ROVs, enhancing underwater inspections and search & rescue missions. The company also wins a $874.26 million contract from the U.S. Army and a $13.2 million project with Parry Labs for the P550 uncrewed aircraft system. Additional contracts include the Next-Generation Counter-Unmanned Aircraft System Missile and the Long-Range Kinetic Interceptor program. Despite mixed Q2 results, Wall Street analysts remain optimistic, with a consensus price target indicating significant upside potential.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.