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AeroVironment Receives Nearly $37 Million For Digital Raven

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AeroVironment (AV) (AVAV) recently announced it received firm fixed-price orders valued at $20,731,992 for digital Ravenr unmanned aircraft systems (UAS) and digital retrofit kits, and $17,141,648 for Raven system spare parts, repairs and training services for the Army and Marines. The Raven system and retrofit order represents a portion of the $121 million appropriated for RQ-11 Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009. The balance of government fiscal…

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