Contract AwardsAVAV recently was awarded a new $990 million ceiling value, five-year, US Army IDIQ contract for the SwitchBlade Loitering Munition Systems.
Financial PerformanceRevenues increased 24% year-over-year to $189.5 million, led by LMS revenues, which increased approximately 68% year-over-year on accelerating Switchblade 600 demand.
Market PositionAVAV manufactures small UAS and energy-efficient technologies for various industries and government agencies; the market leader in small UAS with programs like Puma and SwitchBlade.