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AeroVironment Receives $65 Million Order For New Digital Puma UAS

DDN

Thursday, August 25th, 2011

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AeroVironment Inc. [AVAV] recently said it received a firm-fixed-price contract delivery order valued at $65.5 million for new digital Puma(tm) All Environment (AE) unmanned aircraft systems (UAS) and initial spares packages. The items were procured through the existing U.S. Special Operations Command (USSOCOM) All Environment Capable Variant (AECV) indefinite delivery/indefinite quantity (IDIQ) contract. Deliveries are scheduled to be completed over the next several months. "Puma systems have demonstrated their effectiveness and are receiving high marks from customers for their image…

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