AeroVironment Secures Orders Totaling $15.9M For Puma 3 AE, Raven Unmanned Aircraft System

AeroVironment, Inc. AVAV received two firm-fixed-price orders totaling ~$15.94 million from the United States Air Force.
The orders encompass the procurement of Puma 3 AE crewless aircraft systems (UAS) and spare packages, delivered on April 30, 2021, and Raven UAS spares packages with delivery anticipated by November 2021.
The AeroVironment Puma 3 AE UAS is designed for land and maritime operations. The Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude intelligence, surveillance, and reconnaissance. Both Raven and Puma 3 AE UAS can be operated using Crysalis.
AeroVironment's family of tactical UAS allows customers to use the same ground control station and software for multiple UAS for added simplicity and efficiency.
Price action: AVAV shares are trading lower by 1.56% at $96.69 on the last check Thursday.