AeroVironment (AVAV) said Monday it received a $288 million delivery order under the US Army's directed requirement for lethal unmanned systems for its Switchblade loitering munition systems.
The delivery is part of the Army Contracting Command-Aberdeen Proving Ground's five-year indefinite delivery, indefinite quantity contract with a ceiling value of $990 million, according to the company.
Shares of the company were up 3% in recent after-hours activity.
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