AeroVironment's $1B Contract Win Boosts Its Outlook (Rating Upgrade)
AeroVironment(AVAV) Seeking Alpha·2024-08-29 02:06
alxpin/E+ via Getty Images Investment Thesis Drone-maker AeroVironment, Inc. (NASDAQ:AVAV) recently won a big military contract from the U.S. Army worth over a billion dollars, which changes the outlook for the Simi Valley, CA-based company. This is a record deal for AeroVironment since most contract values for the military drone maker usually land in the millions range. The scope of the contract also implies that it could boost not just the overall growth rate of the company due to the size of the contract ...