AeroVironment (AVAV) Stock Rises After Winning $465M Army Laser Weapons Contract
TLDR
- AeroVironment won a $464.8 million U.S. Army contract for its Enduring-High Energy Laser (E-HEL) program.
- This is the first-ever production contract for directed energy systems in U.S. military history.
- AeroVironment will deliver dozens of Locust X3 30-kilowatt laser weapon systems over the next several years.
- The Locust X3 targets Group 1-3 drones and will integrate with platforms like the Joint Light Tactical Vehicle.
- AVAV stock closed nearly 1% higher on the day, adding a further 0.25% in after-hours trading.
AeroVironment (AVAV) landed a $464.8 million contract from the U.S. Army on Tuesday, sending the stock up nearly 1% during the regular session and an additional 0.25% after hours.
The contract covers the Enduring-High Energy Laser (E-HEL) program and represents the first production procurement of directed-energy systems in U.S. military history. That’s not a small milestone.
The award comes from the Army’s Portfolio Acquisition Executive for Fires (PAE Fires) program office. It will see AeroVironment deliver dozens of its Locust X3 laser weapon systems over the next several years, alongside system support and training.
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