US Stock Market Move | AeroVironment (AVAV.US) rose nearly 10% in early trading after winning a $500 million contract from the US Department of Defense.
On Thursday, AeroVironment (AVAV.US) surged nearly 10% in early trading, marking a 35% increase over the past three trading days, and is now trading at $188.42.
On Thursday, AeroVironment (AVAV.US) surged nearly 10% in the morning session, with a cumulative increase of 35% over the past three trading days, now trading at $188.42. In terms of news, the U.S. Department of Defense announced in a statement on Wednesday evening that AeroVironment had won a $500 million contract to provide the U.S. Army with commercial Counter Unmanned Aerial Systems (C-UAS) and Counter Small Unmanned Aerial Systems (C-SUAS) capabilities. According to the statement, the project is expected to be completed by June 29, 2029.
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