AeroVironment shares gain after report of progress on Army laser weapon

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AeroVironment ( AVAV ) shares rose as much as 7.6% after comments from a senior U.S. Army official suggested the company may be advancing toward a major directed-energy weapons contract, according to a research note from Piper Sandler.

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AVAV stock rose by 7.6%. This suggests that the company has a major directed-energy weapon contract proceeding, according to a Piper Sandler research report, following a U.S. Army general's comments.

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