Benzinga | Apr 20, 2021 09:20AM EDT

AeroVironment Awarded $45M Option For Switchblade Tactical Missile Systems Under US Army Lethal Miniature Aerial Missile Systems Contract

* Combat proven Switchblade 300 with patented "wave-off" feature and recommit ability provides operators with increased lethality, reach and precision strike capabilities with low collateral effects Contract option includes first approved export to an allied nation, extending Switchblade's unique capabilities to friendly forces and promoting interoperability for joint operations AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade(r) 300 tactical missile systems for the Army and for export to an allied nation. The $44,961,751 contract option increases the total value of the contract to $122,523,677. Delivery will take place over a two-year period.