Why AeroVironment Shares Are Flying Higher Today
AVAVAeroVironment(AVAV) The Motley Fool·2024-09-24 03:08

The company will continue production during a contract protest.The U.S. Army has instructed AeroVironment (AVAV 11.95%) to continue working to fulfill a $990 million order, despite an ongoing protest of the award. Investor are cheering the move, sending AeroVironment shares up 11% as of 2:30 p.m. ET.U.S. Army gives the green lightAeroVironment is a supplier of small-to-midsized unmanned aerial vehicles (UAV) to the U.S. military and other customers. Its Switchblade loitering munition has been a mainstay in ...