U.S. GAO Denies Protest of $990 Million Switchblade Systems Contract
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--The U.S. Government Accountability Office (GAO) has denied the protest filed on September 6, 2024, challenging the U.S. Army’s sole-source award of a $990 million contract for AV’s Switchblade systems.This decision reaffirms confidence in the integrity of the Army’s procurement process and its thorough evaluation of operational requirements. AV is proud to continue delivering these combat-proven, mission-critical Switchblade systems to meet the warfighter’s operational needs.“AV remains steadfast in our commitment to fulfilling this important contract and upholding our mission to provide innovative, relevant, and effective capabilities to those who serve and defend freedom,” said Wahid Nawabi, AV’s Chairman, President, and Chief Executive Officer.ABOUT AEROVIRONMENT (AV)AV (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Pr
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