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AeroVironment Awarded $200 Million USSOCOM Contract For Puma AE

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AeroVironment Inc. [AVAV] recently said the U.S. Special Operations Command (SOCOM) has selected Puma AE as its All Environment Capable Variant (AECV) for its Small Unmanned Aircraft System (UAS) requirement under a contract with a potential total of $200 million. The one-year Indefinite Delivery Indefinite Quantity (IDIQ) contract, with four one-year options provides for the purchase of aircraft, ground control systems, spares, repairs and training under a combination firm fixed-price, cost-plus-fixed-fee and cost reimbursable arrangement. The initial delivery order is…

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