AeroVironment (AVAV) said Monday it has been awarded a $46.6 million contract by the Italian Ministry of Defense to provide its Jump 20 vertical takeoff and landing, or VTOL, medium uncrewed aircraft system.
The five-year contract includes procurement of the Jump 20 air vehicles, engineering services, initial sustainment, and onsite technical support, AeroVironment said.
Shares of the company were down 2% in recent Monday trading.
Price: 144.63, Change: -2.98, Percent Change: -2.02
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