AeroVironment Inc.

10/09/2024 | News release | Distributed by Public on 10/09/2024 15:24

AV Secures $54.8 Million Contract Modification for Switchblade Loitering Munition Systems

AV Secures $54.8 Million Contract Modification for Switchblade Loitering Munition Systems

October 09, 2024

AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, announced today that the U.S. Army has awarded a $54.8 million contract modification for the production of Switchblade® loitering munition systems. This modification, issued as part of a broader indefinite delivery, indefinite quantity contract, ensures continued support for both the U.S. Army and several allied partners, including Lithuania, Romania, and Sweden.

Work on this contract will be performed in Simi Valley, California, with an estimated completion date of June 30, 2026. The award, which leverages fiscal 2023 and 2024 Army funds along with Foreign Military Sales, highlights AV's ongoing commitment to delivering proven, battlefield-ready technology that meets the evolving needs of modern armed forces.

"This contract modification allows us to continue delivering Switchblade systems to the U.S. Army and allied partners at speed with upgraded capabilities based on real-time battlefield feedback," said Brett Hush, AV's senior vice president and general manager of Loitering Munition Systems. "We are honored to provide the U.S. Army and our international partners with battle-proven technology." AV remains focused on providing warfighters with superior, reliable, affordable systems at scale to meet the evolving requirements of its global defense customers