AeroVironment Wins Major Contract for the Development of Infantry Drones Worth $990 Million

Reading Time: 1 minute
AeroVironment has been awarded a significant contract worth $990 million from the U.S. Army, according to a Pentagon announcement on August 27. This contract provides for the development of new drone technologies specifically designed for use by infantry units. These are expected to be so-called "First-Person-View" (FPV) drones, which are capable of attacking tanks and armored vehicles from a safe distance. This means that the operator sees exactly what the drone "sees", as if they were on board the drone themselves. Such drones have already proven...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.