- AeroVironment, Inc. AVAV has secured a competitive task order valued at $22 million from the U.S. Special Operations Command (USSOCOM) for ISR services using JUMP 20 medium unmanned aircraft systems at an undisclosed customer location.
- AeroVironment JUMP 20 is a vertical takeoff and landing (VTOL), fixed-wing unmanned aircraft that the company uses to provide advanced multi-sensor intelligence, surveillance, and reconnaissance (ISR) services.
- The ISR services include the first SATCOM-enabled unmanned aircraft system for beyond line of sight operations as part of the existing Indefinite Delivery, Indefinite Quantity (IDIQ) MEUAS IV contract.
- The task order specifies a 12-month period of performance and multiple follow-on option years for ISR services.
- Price action: AVAV shares are trading higher by 0.16% at $98.32 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
