U.S. Air Force Awards AeroVironment $75M Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
The United States Air Force has awarded UES, a division of advanced research and development leader AeroVironment, a $75M task order to modernize defense systems through the development of next-generation biotechnology and materials science under the Functional Responsive Experimentation for Systems and Humans program at Wright Patterson Air Force Base in Dayton, Ohio.
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Analyst Views on AVAV
Wall Street analysts forecast AVAV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVAV is 387.00 USD with a low forecast of 285.00 USD and a high forecast of 450.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 293.220
Low
285.00
Averages
387.00
High
450.00
Current: 293.220
Low
285.00
Averages
387.00
High
450.00
About AVAV
AeroVironment, Inc. is a defense technology provider delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. The Company’s segments include Autonomous Systems (AxS) and Space, Cyber, and Directed Energy (SCDE). The AxS segment focuses on the design, development, production, delivery, and support of intelligent, multi-domain robotic systems, including uncrewed aircraft systems (UAS) and ground robot systems. It includes the Company’s former Uncrewed Systems, Loitering Munitions Systems, and MacCready Works segments as well as Radio Frequency and Kinetic Counter-UAS Electronic Warfare Systems and others. The SCDE segment focuses on advanced technologies in the space domain providing space-based and ground-based platforms, cyber capabilities, and directed energy systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Air Force Awards AV $75 Million Task Order for Biotechnology Research
- Task Order Value: The US Air Force awarded AeroVironment (AV) a $75 million task order aimed at modernizing defense systems through the development of biotechnology and materials science, enhancing Air Force readiness and asset longevity.
- R&D Focus: Under the FRESH program, AV will develop new materials and processing methods that enhance the performance and resilience of Air Force assets across air, space, and weapons systems, further expanding collaboration with the Air Force Research Laboratory.
- Technological Innovation: This initiative will integrate advancements in biomanufacturing, polymers, and responsive materials, leveraging artificial intelligence to accelerate discovery and testing, thereby optimizing the maintenance and performance of mission-critical assets to ensure America's technological edge.
- Strategic Implications: AV's efforts not only enhance operational capabilities for the Air Force but also demonstrate the critical role of biotechnology and materials science in national defense by extending system lifecycles and reducing maintenance costs.
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- Government Contract Opportunities: AeroVironment has secured a $75 million task order from the U.S. Air Force aimed at modernizing defense systems through the development of next-generation biotechnology and materials science, demonstrating the company's ongoing investment and growth potential in the defense sector.
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