- AeroVironment, Inc. AVAV subsidiary, Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), has received a multi-million dollar firm-fixed-price order from the Latvian Ministry of Defense (MoD).
- The order encompasses the procurement of telemax EVO HYBRID and tEODor EVO unmanned ground vehicles (UGVs) and engineering support to the Latvian National Armed Forces.
- The company expects to complete the delivery in late 2021.
- The tEODor EVO is purpose-built for explosive ordnance disposal and disarming improvised explosive devices. The telemax EVO HYBRID is a versatile UGV with compact dimensions and a lift capacity of up to 82 pounds (37 kilograms).
- Price Action: AVAV shares closed lower by 0.12% at $86.15 on Tuesday.
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