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AeroVironment Stock Rises On $500 Million Counter-Drone Contract

Infrastructure & DefenseCompany FundamentalsCorporate Guidance & Outlook
AeroVironment Stock Rises On $500 Million Counter-Drone Contract

AeroVironment shares jumped in after-hours after securing a $500 million U.S. Department of Defense contract. The award is a material new order that should support near-term revenue visibility and strengthen the company’s backlog.

Analysis

AeroVironment shares jumped in after-hours after securing a $500 million U.S. Department of Defense contract. The award is a material new order that should support near-term revenue visibility and strengthen the company’s backlog.

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