AeroVironment Lands $97.4M Army GENESIS Contract, Plans $30M Albuquerque Expansion
AeroVironment secured a three-year, $97.4 million Army contract to develop the GENESIS testing environment for missile defense and sensor systems, reinforcing its revenue pipeline. The company also plans a $30 million manufacturing expansion in Albuquerque, creating over 450 high-wage jobs and boosting economic impact by $670 million.
1. Award of $97.4 Million Army Contract
AeroVironment signed a three-year, $97.4 million deal with the U.S. Army’s Aviation and Missile Technology Consortium to develop advanced hardware-in-the-loop testing environments, bolstering its defense revenue streams and long-term backlog.
2. Development of GENESIS Testing Environment
The contract funds the Generative Environment for the Next Era of Spectral Imaging Stimulators (GENESIS), which aims to simulate realistic missile defense and sensor system scenarios, enhancing risk reduction and accelerating system deployment.
3. Albuquerque Manufacturing Expansion
The company committed over $30 million to expand its Albuquerque facility, supported by a $6 million incentive package, to produce advanced defense systems, create more than 450 high-wage jobs and generate a projected $670 million economic impact over ten years.
4. Ongoing Space Force BADGER Negotiations
AeroVironment remains in active discussions with the U.S. Space Force to finalize a firm-fixed-price agreement for BADGER phased-array antenna ground stations under the SCAR program, with terms currently under negotiation.