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Army

AeroVironment’s Switchblade Systems Move Forward With Another Army Order

By Cal Biesecker

Thursday, May 24th, 2012

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AeroVironment Inc. [AVAV] yesterday said back in March it received a $5.1 million contract modification for its Switchblade loitering munition systems and services from the Army Close Combat Weapons Systems (CCWS), Program Executive Office Missiles and Space (PEO MS). The modification includes engineering services, operational Switchblade systems and operator training. AeroVironment will work with ATK [ATK], its munition subcontractor, to produce and deliver the systems. On Sept. 1, 2011 AeroVironment said it received the initial $4.9 million order associated with…

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