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AeroVironment Wins Its Biggest Defense Contract Ever

By Yahoo! Finance   |   Sep 8, 2024 at 07:13 AM EST
AeroVironment Wins Its Biggest Defense Contract Ever

AeroVironment secured a $990 million U.S. Army contract for its Switchblade 600 loitering munition system, a significant win for the defense stock. The contract spans five years and is expected to boost revenue growth by 28% annually.

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