AeroVironment Wins $464.8M U.S. Army Contract for LOCUST X3 Lasers
AeroVironment secured a $464.8 million U.S. Army contract under an Other Transaction Agreement for the Fires program office. The award designates the company to deliver dozens of its LOCUST X3 high-energy laser systems over the next several years to support Enduring-Hig. Shares rose about 0.8% after the announcement.