SEC 8-K News



2024-09-16 06:40:37

AeroVironment, Inc. announced that there has been a protest filed with the U.S. Government Accountability Office regarding the U.S. Department of the Army's decision to award a contract to the company. The contract, an indefinite delivery, indefinite quantity one with a ceiling value of $990 million, was for AeroVironment's Switchblade systems. Following the protest, the U.S. Army has issued a stop work order on this contract while the matter is under review by the GAO. This order does not affect any other contracts or commitments, including those involving Loitering Munitions systems. A decision by the GAO is expected by December 16, 2024.

  • AeroVironment, Inc.
  • U.S. Government Accountability Office (GAO)
  • U.S. Department of the Army
  • Switchblade systems
  • Melissa Brown (Senior Vice President, General Counsel & Corporate Secretary)