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AeroVironment Inc Receives $13.5 Million Order from United States Army for RQ-11B Raven Small Unmanned Aircraft Systems and Gimbaled Payloads


Wednesday, 14 Aug 2013 09:10am EDT 

AeroVironment Inc announced that on August 13, 2013 the Company received a $13,487,240 order from the United States Army. The order - the final portion of a contract valued at $59.6 million - includes RQ-11B Raven unmanned aircraft systems (UAS), miniature gimbaled payloads and initial spares packages, and is funded from the Army`s fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by September 15, 2013. AeroVironment received three prior orders against this contract in May 2012, August 2012 and March 2013 for $15.8 million, $16.5 million and $13.8 million, respectively. The total actual value of the contract is $59.6 million, compared to its initial projected "not to exceed" value of $65.9 million. 

Company Quote

28.99
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23 Oct 2014