AeroVironment Inc is trading 5.2% up today at $201.47 after securing a major new contract with the U.S. Army.
- The company was awarded a $117.3 million firm-fixed-price contract to deliver 82 P550 unmanned aircraft systems.
- The P550 systems are designed to provide advanced reconnaissance, surveillance, and target acquisition capabilities.
- Investors are rewarding the significant deal despite mixed action in the broader market.