AeroVironment: 500 million USD contract for drone defense – Canaccord sees 60% price potential
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US Department of Defense awards AeroVironment a fixed-price contract worth 500 million USD for commercial drone defense systems until 2029. The drone defense and directed energy weapons segment could significantly surpass the core business with kamikaze drones in the coming years. After record orders in 2025 and a funded backlog of 1.2 billion USD, Canaccord sees the price target at 280 USD (Buy). AeroVironment (AVAV) positions itself, according to Wedbush analysts, as a leading provider of unmanned systems with a "durable moat,"...
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