Benzinga | Nov 5, 2021 09:18AM EDT

AeroVironment Bags $20.3M Switchblade 600 Tactical Missile Systems Hardware Contract

* AeroVironment, Inc. (NASDAQ:AVAV) was awarded a firm-fixed-price contract by the U.S. Special Operations Command (USSOCOM) for ~$20.32 million for the procurement of Switchblade 600 tactical missile systems (TMS). Delivery is scheduled to be completed by January 2023.

* AeroVironment's Switchblade 600 is an all-in-one, man-portable tactical missile that provides warfighters with the capability to fly, track and engage non-line-of-sight targets and light-armored vehicles with precision lethal effects.

* Switchblade 600 tactical missile system features high-precision optics, more than 40 minutes of loitering endurance, and an anti-armor warhead to engage and prosecute hardened static and moving light armored vehicles.

* Price Action: AVAV shares traded higher by 0.82% at $94.79 on the last check Thursday.