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Army Orders More AeroVironment Raven UAVs

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AeroVironment Inc. [AVAV] Feb. 7 announced a $45.8 million Army award for additional RQ-11B Raven small unmanned aircraft systems (UAS) and associated services by the exercise of a one-year option under an existing multi-year contract. Each Raven system typically consists of three aircraft, a ground control station, system spares, and related services. In fiscal year 2009, the Army budget request for Raven is $32 million in procurement and research, development, test and evaluation. The bulk of the funds would be…

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