U.S Military Awards AeroVironment $20.6 Million Contract

By AeroVironment, Inc. | September 22, 2022

ARLINGTON, Va., Sept. 22, 2022 – AeroVironment, Inc. (NASDAQ: AVAV), a worldwide chief in clever, multi-domain robotic programs, right now introduced it acquired a $20,602,464 firm-fixed-price contract award on Aug. 18, 2022 from the U.S. Military Tactical Aviation and Floor Munitions (TAGM) challenge workplace for the procurement of Switchblade® 300 tactical missile programs (TMS). The contract will likely be managed by the U.S. Military Contracting Command, Redstone Arsenal and is scheduled to be delivered by July 2023.

“Deployed by the U.S. Military for greater than a decade, Switchblade 300 stays a vital pressure safety and soldier lethality resolution for our prospects, together with Ukraine,” mentioned Brett Hush, AeroVironment vice chairman and product line common supervisor for TMS. “It closes the hole between statement and motion, giving troopers the flexibility to determine threats and have interaction hostile beyond-line-of-sight targets from a larger distance with minimal collateral injury.”

AeroVironment’s combat-proven Switchblade 300 is back-packable and quickly deployable from floor platforms, together with a multipack launcher, offering warfighters with rapid-response pressure safety and precision strike capabilities as much as six miles (10 kilometers) from its launch location.

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