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Benzinga
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AeroVironment Shares Are Trading Higher Monday: What's Going On?

1. AeroVironment secured a $240 million contract for laser communication systems. 2. The terminals will operate in varying space conditions and support high-bandwidth data. 3. This order signifies a transition from lab testing to real-world deployment. 4. Earnings announcement is expected post-market close with analysts projecting positive results. 5. AVAV shares rose 4.79% following the contract announcement.

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FAQ

Why Bullish?

The substantial contract indicates strong demand for AVAV's technology, likely boosting investor confidence and stock price, similar to past contract announcements leading to positive price movements.

How important is it?

The contract is a significant revenue boost that reaffirms AVAV's market position, potentially attracting more investors and positively influencing trading volume.

Why Short Term?

The immediate price increase reflects market responsiveness to contract news, while future impacts will depend on execution and earnings results.

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