What Happened
AeroVironment Secures Deal For Commercial Counter-Drone Technology
The Pentagon has awarded a $500 million contract to AeroVironment for commercial counter-drone technology, aiming to enhance defenses against drones and small unmanned aerial systems. The contract, which will run for three years, was announced after AeroVironment reported record fourth-quarter revenue. The company’s CEO, Wahid Nawabi, expressed confidence in their ability to capture rising global demand for counter-drone technology. The award was reported by DefenseScoop.