Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



AeroVironment Wins $13.5 Million Raven UAV Order

Monrovia, Calif.-based AeroVironment (NASDAQ: AVAV  ) has won from the U.S. Army a $13.5 million order for its unmanned aerial vehicles.

On Wednesday, AeroVironment announced the order, which constitutes the final tranche of a 2012 contract originally valued at $65.9 million, but which is actually ending at only $59.6 million. On order are an unspecified number of RQ-11B Raven unmanned aircraft systems, plus miniature gimbaled payloads, and spare parts. Delivery of the Ravens is scheduled for Sept. 15, 2013.

The Raven, a 4.5 pound UAV small enough to be carried in a backpack and launched by hand, provides real-time day and night video imagery to soldiers controlling it from a portable ground control station. It is designed to give small units the ability to look "over the hill" and "around the corner" -- to let soldiers see enemies before they are themselves seen.

In addition to use by U.S. forces, the Raven is in use by the militaries of 24 international partners, according to the company.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2595241, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:49:47 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:00 PM
AVAV $24.42 Down -0.24 -0.97%
AeroVironment CAPS Rating: ****