AeroVironment Receives $743M Army Contract Ceiling Increase for Switchblade Systems

The U.S. Army has awarded AeroVironment (Nasdaq: AVAV) an additional contract ceiling of $743 million to continue producing Switchblade loitering munition systems for the military branch and several allied countries, including Sweden, Lithuania and Romania.

The company said Monday the award includes a $54.9 million delivery order issued under the previously awarded indefinite-delivery/indefinite-quantity contract for Switchblade systems and leverages the Army’s fiscal 2023 and 2024 funds and foreign military sales funds.

“This contract allows us to continue delivering Switchblade systems to the U.S. Army and allied partners at speed with upgraded capabilities based on real-time battlefield feedback,” said Brett Hush, senior vice president and general manager of loitering munition systems at AeroVironment.

The company will perform work in Simi Valley, California, through June 30, 2026.