{"id":1018860,"date":"2026-11-09T10:30:27","date_gmt":"2026-11-09T15:30:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/av-secures-approximately-315-million-award-under-940-million-idiq-contract\/"},"modified":"2026-11-09T10:30:27","modified_gmt":"2026-11-09T15:30:27","slug":"av-secures-approximately-315-million-award-under-940-million-idiq-contract","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/av-secures-approximately-315-million-award-under-940-million-idiq-contract\/","title":{"rendered":"AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract"},"content":{"rendered":"

<\/p>\n

AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract<\/b><\/p>\n

ARLINGTON, Va.–(BUSINESS WIRE<\/a>)–
\nAeroVironment, Inc. (\u201cAV\u201d) (NASDAQ: AVAV) today announced a multiyear indefinite-delivery, indefinite-quantity (IDIQ) contract with a ceiling of $940 million with a U.S. customer, including an approximately $315 million initial award for product deliveries and support.<\/p>\n

\nThe award is expected to support continued delivery of advanced capabilities through AV\u2019s AxS segment, further advancing established product lines to meet complex customer requirements.<\/p>\n

\n\u201cThis award reflects the trust our customers place in AV to move advanced capabilities beyond development,\u201d said Trace Stevenson, president of AxS at AV. \u201cWe are not preparing to manufacture at scale. We are doing it. We are delivering mission-ready capabilities against some of our customers\u2019 most demanding requirements.\u201d<\/p>\n

\nThis press release has been reviewed and cleared for public release by the appropriate U.S. Government Security and Policy Review authority. No specific agency or program attribution is authorized due to operational security (OPSEC) guidelines.<\/p>\n

About AV<\/b><\/p>\n

\nAeroVironment (\u201cAV\u201d) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities\u2014built to meet the mission needs of today\u2019s warfighter and tomorrow\u2019s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com<\/a>.<\/p>\n

Safe Harbor Statement<\/b><\/p>\n

\nCertain statements in this press release, including statements regarding expected product deliveries and support under the initial award, AV\u2019s performance under the IDIQ contract, and the potential receipt of future orders under the IDIQ contract, constitute \u201cforward\u2011looking statements\u201d as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under the IDIQ contract and other existing contracts and obtain new ones; the possibility that the IDIQ contract ceiling may not result in orders beyond the initial award; the timing, amount, and availability of funding for future orders; the customer\u2019s right to modify or terminate the contract; supply chain disruptions; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment\u2019s filings with the Securities and Exchange Commission. We undertake no obligation to update forward\u2011looking statements as a result of new information or future events.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261109634954\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Deb Richardson
\n
pr@avinc.com
\n<\/a>
667.356.1377<\/p>\n

Investor Contact:
\n<\/b>
Denise Pacioni
\n
ir@avinc.com
\n<\/a>
805.795.4108<\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Other Defense Other Energy Technology Defense Security Homeland Security Government Technology Aerospace Manufacturing Military Public Policy\/Government<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract ARLINGTON, Va.–(BUSINESS WIRE)– AeroVironment, Inc. (\u201cAV\u201d) (NASDAQ: AVAV) today announced a multiyear indefinite-delivery, indefinite-quantity (IDIQ) contract with a ceiling of $940 million with a U.S. customer, including an approximately $315 million initial award for product deliveries and support. The award is expected to support continued delivery of advanced capabilities through AV\u2019s AxS segment, further advancing established product lines to meet complex customer requirements. \u201cThis award reflects the trust our customers place in AV to move advanced capabilities beyond development,\u201d said Trace Stevenson, president of AxS at AV. \u201cWe are not preparing to manufacture at scale. We are doing it. We are delivering mission-ready capabilities against some of our customers\u2019 … <\/p>\n

Continue reading “AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1018860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/av-secures-approximately-315-million-award-under-940-million-idiq-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract ARLINGTON, Va.–(BUSINESS WIRE)– AeroVironment, Inc. (\u201cAV\u201d) (NASDAQ: AVAV) today announced a multiyear indefinite-delivery, indefinite-quantity (IDIQ) contract with a ceiling of $940 million with a U.S. customer, including an approximately $315 million initial award for product deliveries and support. The award is expected to support continued delivery of advanced capabilities through AV\u2019s AxS segment, further advancing established product lines to meet complex customer requirements. \u201cThis award reflects the trust our customers place in AV to move advanced capabilities beyond development,\u201d said Trace Stevenson, president of AxS at AV. \u201cWe are not preparing to manufacture at scale. We are doing it. 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