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AV Awarded $13.2M Contract to Provide P550 UAS for U.S. Army's Long Range Reconnaissance (LRR) Program

1. AVAV awarded a $13.2M contract, potentially $42M for P550 UAS. 2. Partnership with Parry Labs supports U.S. Army reconnaissance capabilities.

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$278.3912/08 09:17 AM EDTEvent Start
$278.3912/08 09:17 AM EDTLatest Updated
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FAQ

Why Bullish?

The award of a significant contract provides revenue stability and growth potential. Historical evidence suggests contract wins have positively influenced stock prices.

How important is it?

The contract impacts revenue growth, directly influencing investor sentiment and stock performance. Such developments can enhance market confidence in AVAV.

Why Short Term?

Immediate revenue from the contract enhances cash flow, impacting near-term stock performance. Similar contracts previously boosted AVAV’s stock in the short run.

Related Companies

PARLMTBA
ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV--AV, with partner Parry Labs, has been awarded a 3-year Other Transaction Agreement with an initial base contract value of $13.2M with additional options for a total potential contract value of $42M to provide the newly developed P550™ uncrewed aircraft system (UAS) for the U.S. Army's Long Range Reconnaissance (LRR) program. The all-battery electric, high-performance P550 delivers long-range intelligence, surveillance, and reconnaissance (ISR) capabilities along.

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