Monday, 3 October 2016

US Army Awards AeroVironment $22.8 Million Contract for Lethal Miniature Aerial Missile Systems

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both military and commercial applications, today announced the United States Army Close Combat Weapons Systems Project Office has awarded the company a contract for Block 10C Switchblade™ Lethal Miniature Aerial Missile Systems (LMAMS) and support services valued at $22,776,812 through a Joint Urgent Operational Needs Statement.Delivery is anticipated within 12 months. 
The AV Switchblade is a rapid launch, high precision, force protection loitering missile that minimizes collateral damage (Photo Army Recognition)
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