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AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract

  • AeroVironment, Inc. secured a multiyear indefinite-delivery, indefinite-quantity contract with a ceiling of $940 million.
  • The initial award for product deliveries & support is approximately $315 million.
  • The contract involves a U.S. customer, though specific agency attribution is restricted due to operational security guidelines.
  • Deliveries will be handled through the AxS segment to advance established product lines for complex customer requirements.
  • President Trace Stevenson stated the company is currently manufacturing at scale & delivering mission-ready capabilities.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as funding availability, supply chain issues, & potential contract modifications.