AV Awarded $117.3 Million U.S. Army Production Contract for P550™

AeroVironment Secures $117M Army Contract for P550 Drones

AeroVironment will deliver 82 P550 eVTOL drones to the U.S. Army under a $117.3 million contract The award marks the system’s first full-rate procurement for the Army’s Battalion Reconnaissance effort The autonomous Group 2 aircraft supports long-range reconnaissance and multi-domain missions AeroVironment has secured a $117.3 million U.S. Army contract to deliver P550 electric vertical takeoff

AeroVironment (AVAV) Stock Hovers Near Lows as Pentagon Finalizes $117M P550 Drone Order

Key Highlights Pentagon awards AeroVironment a $117.3 million contract for P550 electric VTOL reconnaissance drones Contract includes 82 P550 unmanned aircraft systems for Army Battalion Reconnaissance operations Represents the first full-rate production order for the P550 drone platform Procurement processed through Army UAS Marketplace using competitive selection procedures AVAV shares trade around $142.20, hovering near the 52-week low of $1…

AV Awarded $117.3 Million U.S. Army Production Contract for P550™

ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV #AVAV--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in intelligent, multi-domain autonomous systems, today announced it has been awarded a $117.3 million contract by the U.S. Army for its P550™ electric vertical take-off and landing (eVTOL) unmanned aerial system in support of the Army’s Long Range Reconnaissance program, advancing the Army’s push to field scalable, adaptable capabilities f…