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AeroVironment Secures $405 Million Order for LOCUST X3 Laser Weapons

InvestorsHub +1 · ·by G4L

AVAV
AVAV AeroVironment Inc
$124.40 +0.73%
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  1. 1AeroVironment secured an international direct commercial sale order worth $405 million.
  2. 2The LOCUST X3 system is compatible with Group 1 through Group 3 unmanned aircraft systems.
  3. 3Chairman, President, and CEO Wahid Nawabi noted that directed energy is essential for modern layered air defense.

So what's the key point?

AeroVironment received a $405 million order for laser weapons. The company will generate significant revenue by selling equipment that can be used on unmanned aircraft.

Source InvestorsHub +1 · View original ↗

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