AeroVironment shares gain 7.6% on potential Army contract
AeroVironment shares rose as much as 7.6% after a senior U.S. Army official suggested the company may be advancing toward a major directed-energy weapons contract.
The company’s progress on the Army laser weapon project is seen as a key factor in the share price increase.
The brokerage firm cited reporting on the comments from the senior U.S. Army official, indicating a potential major contract for AeroVironment.