AeroVironment, Inc. (AVAV) Secures Army Prototype Agreement For Switchblade 400

Image by Amber Clay from Pixabay

The grant has enhanced Switchblade 400’s estimation arsenic a cardinal constituent of the program, supporting the Army’s modernization efforts to deploy agile weapons. It besides reflects the service’s assurance successful the company’s quality to standard and positions it good arsenic a apt semipermanent spouse for the Army.

Following the news, Clear Street expert Brian Dobson reiterated a Buy standing connected AeroVironment, Inc. (NASDAQ:AVAV) connected May 4, with a terms people of $293. According to TipRanks, the steadfast noted the statement successful a probe enactment to investors, and added that the company’s shares were ‘attractively valued’.

As of the adjacent of concern connected May 8, the banal carries a Strong Buy standing based connected 16 analysts’ recommendations. It has an mean 1-year stock terms people of $302.29, representing an 80% upside.

AeroVironment, Inc. (NASDAQ:AVAV) designs and manufactures unmanned aerial vehicles, crushed robotic systems, and loitering munitions.

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