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0 0 5.74745675038273E-05 5.74745675038273E-05 -0.00126444048508534 -0.00224150813265139 -0.00224150813265139 -0.000689694810046581
Stock impact report

Why AeroVironment Stock Dived by 10% Today [Yahoo! Finance]

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: Yahoo! Finance
The specialized defense company saw its share price sink by almost 10% that day, due to a work stoppage on a very lucrative arrangement between the company and the U.S. government. By contrast, the S&P 500 index, largely free of such burdens, inched 0.1% higher on the day. Drone dispute AeroVironment, which focuses on developing and manufacturing combat drones such as the popular Switchblade, disclosed in a regulatory filing that a protest has been filed with the U.S. government against the Army's current Switchblade contract with the company. As a result of this action, the Army issued a stop work order on the contract. The protest, filed with the federal Government Accountability Office (GAO), is currently being considered by that organization. The company expects the GAO to render a decision on the matter by Dec. 16. At the end of August, the Army awarded an indefinite-delivery, indefinite-quantity contract for Switchblade systems to AeroVironment. The contract, the complet Show less Read more
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