Why AeroVironment Stock Climbed Today
Yahoo Finance ·
Shares of AeroVironment ( AVAV +10.72% ) rose sharply on Thursday after the drone designer was awarded a lucrative contract from the U.S. Army. AeroVironment received a $500 million fixed-price contract for counter-unmanned aerial systems (C-UAS). Conflicts in Ukraine and the Middle East have demonstrated the operational and cost-effectiveness of drones . They're also constant reminders of the increasingly vital importance of protecting soldiers, bases, ships, and other assets from these threats.
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