-- AeroVironment (AVAV) said Monday it won a prototype agreement from the US Army to support the rapid development, delivery, and testing of the Switchblade 400 loitering munition.
The agreement establishes Switchblade 400 as a key component of the US Army's Low-Altitude Stalking and Strike Ordnance program, AeroVironment said.
Financial terms of the agreement were not disclosed.
Shares of AeroVironment were down more than 2% in Monday trading.
Price: $180.69, Change: $-4.29, Percent Change: -2.32%