AeroVironment (AVAV), with partner Parry Labs, has been awarded a 3-year other transaction agreement with an initial base contract value of $13.2M to provide its P550 uncrewed aircraft system for the U.S. Army’s long range reconnaissance program. The agreement includes additional options for a total potential contract value of $42M. AeroVironment will deliver P550 system updates and support to the U.S. Army for testing, evaluation, and integration.
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