AeroVironment Secures Space Force Deal For BADGER Antennas
Synopsis
This deal marks the initial fixed-price option under the SCAR Other Transaction Agreement, a step aimed at boosting deployment speed and system performance.
AeroVironment Inc. (AVAV) on Friday announced a new firm-fixed-price agreement with the U.S. Space Force to deliver two of its BADGER phased array antennas as part of the military’s Satellite Communication Augmentation Resource (SCAR) initiative.
This deal marks the initial fixed-price option under the SCAR Other Transaction Agreement (OTA), a step aimed at boosting deployment speed and system performance.
Following the announcement, AeroVironment stock inched 0.3% higher on Friday, after the morning bell.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.