Aerovironment Lands $7.7 Million Contract With the Netherlands

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Aerovironment Inc. said Friday that the Netherlands Ministry of Defense awarded it a $7.7 million contract for the company’s Raven unmanned aircraft system.


The contract also includes training services, logistics support, and airworthiness certification, Aerovironment said in a statement.


Aerovironment said that each Raven system consists of three aircraft, a ground control station, a remote video terminal, spare parts and related services, all of which are included in the contract.


According to the Monrovia-based aerospace company, the Raven is a 4.2-pound, backpackable, hand-launched drone that provides day and night, real-time video imagery for what the military calls “over the hill” and “around the corner” reconnaissance, surveillance and target acquisition.


Italy, Denmark, Australia and Spain have all previously purchased Ravens from Aerovironment, the company said.


Shares in Aerovironment were flat at $25.68 in early trading Friday.

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