AeroVironment Rallies 11.1% After Securing Government Counterattacking Drone Contract
AVAV•AeroVironment secured a new U.S. government contract for counterattacking drones, driving AVAV shares up 11.1% intraday and marking the fourth straight session of gains. This surge puts the stock on pace for a five-day winning streak as analysts highlight growth prospects in defense drone procurements.
1. Government Contract Award
AeroVironment announced it has been awarded a new U.S. government contract to supply counterattacking drone systems designed to intercept and neutralize hostile aerial threats. The award expands the company’s defense portfolio and underscores growing demand for advanced unmanned solutions, though the precise contract value has not been publicly disclosed.
2. Stock Performance and Analyst Response
Following the contract announcement, AVAV shares jumped 11.1% intraday and have posted gains in four consecutive sessions, positioning the stock for a potential five-day uptrend. Analysts cite robust defense procurement trends and AeroVironment’s expanding drone capabilities as catalysts for further upside in share performance.
