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0.00253237410071941 0.00253237410071941 0.00253237410071941 0.00253237410071941 -0.000748201438848895 -0.0010935251798561 0.00328057553956831 -0.00120863309352523
Stock impact report

AeroVironment falls 10% as federal watchdog reviews drone contract [Seeking Alpha]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Company Research Source: Seeking Alpha
Army for loitering munitions. The Government Accountability Office is reviewing the protest. "The U.S. Army has issued a stop work order on the contract and the delivery order issued thereunder while the protest is being considered by the GAO," according to a regulatory filing by AeroVironment ( AVAV ). "This stop work order does not impact any of the company's other contracts or commitments, including those related to its loitering munitions systems." The company estimated that the government watchdog won't issue a decision on the protest any later than Dec. 16. Analysts at financial-services firm Raymond James downgraded AeroVironment ( AVAV ) to Market Perform from a previous investment rating of Outperform because of the protest. While AeroVironment ( AVAV ) has an advantage in being an incumbent supplier to the military, the protest eliminates positive earnings revisions for fiscal year 2025, raises concerns about competitors and halts the expansion of the company's b Show less Read more
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