AeroVironment Secures $940 Million Multiyear IDIQ Contract

AeroVironment secured a multiyear IDIQ contract with a U.S. customer, with a ceiling value of $940 million and an initial award of approximately $315 million for product deliveries and support. The contract will support continued delivery of advanced capabilities through the company’s AxS segment. The government agency and program were not disclosed for operational security reasons.