AeroVironment (AVAV) stock extended gains on Sept. 15 after the company’s BlueHalo unit landed a landmark defense contract potentially worth up to $99.8 million. In its press release, AVAV said this new U.S. Air Force award — designed to advance military space systems under the Leveraged Orbital Battlespace Optimization program — runs through August 2031.
The announcement arrives as AeroVironment shares are struggling to regain investor interest, currently down more than 60% versus their year-to-date high.