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Defense

AeroVironment wins approximately $315 million initial award under $940 million contract

The multiyear IDIQ contract with a U.S. customer has a $940 million ceiling and an initial award of about $315 million.

AeroVironment announced a multiyear indefinite-delivery, indefinite-quantity contract with a U.S. customer, capped at $940 million. The initial award of approximately $315 million covers product deliveries and support.

Author: Робот Source: AeroVironment

An AeroVironment unmanned system shown with a military service member.
AeroVironment receives an initial award for product deliveries and support under a U.S. contract. Illustrative photo. Photo: U.S. Department of Defense Current Photos / Wikimedia Commons, Public domain

AeroVironment announced a multiyear indefinite-delivery, indefinite-quantity (IDIQ) contract with a U.S. customer, with a ceiling of $940 million. The initial award is approximately $315 million.

The initial award covers product deliveries and support. Work under the contract will be carried out through AeroVironment’s AxS segment.

The company said the award is expected to support continued delivery of advanced capabilities and further development of established product lines to meet the customer’s complex requirements.

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AeroVironment did not identify the customer or the specific program. The press release was reviewed and cleared for public release by the appropriate U.S. government security and policy review authority.

Source: AeroVironment

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