Aerovironment secures landmark $465M U.S. Army contract for laser defense systems

Investing.com -- AeroVironment Inc (NASDAQ:AVAV) stock ticked up 0.8% in early Thursday trading following news that the defense technology contractor secured a landmark $464.8 million contract from the U.S. Army. The award, issued under an Other Transaction Agreement (OTA) by the Army Portfolio Acquisition Executive for Fires program office, designates AeroVironment to deliver "dozens" of its LOCUST X3 high-energy laser systems over the next several years in support of the service’s Enduring-Hig