AeroVironment, Inc. (AVAV)
Pre-market:
- Investor's Business Daily
This AI Stock Is Nearing A Buy Point, Thanks To Uncle Sam
AeroVironment is near a buy point after beating the S&P 500 year to date with a 42% gain. The company provides AI-enabled tools used by the Pentagon.
- Business Wire
AV’s Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense’s Replicator Initiative
ARLINGTON, Va., May 07, 2024--AV’s Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense’s Replicator Initiative
- Reuters
Pentagon's Replicator selects AeroVironment's Switchblade-600 is first buy
The Pentagon said Monday that AeroVironment Inc's Switchblade-600 loitering munition was the first weapon to be publicly confirmed to be part of the Replicator initiative, which aims to rapidly deploy thousands of military drones. In an effort to enhance the U.S. military's autonomous and uncrewed capabilities, Deputy Secretary of Defense Kathleen Hicks kicked off the $1 billion Replicator idea in August. The first tranche also includes undisclosed maritime surface products, other aerial drones and counter-drone systems (c-UAS).
