-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueThe Rise of Data
Analytics is a given in this industry, but the threshold is changing. If you think you're too small to invest in analytics, you may need to reconsider. So how do you do analytics better? What are the new tools, and how do you get started?
Counterfeit Concerns
The distribution of counterfeit parts has become much more sophisticated in the past decade, and there's no reason to believe that trend is going to be stopping any time soon. What might crop up in the near future?
Solder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 Magazine
AV Secures $743 Million Additional Contract Ceiling for Switchblade Loitering Munition Systems
October 15, 2024 | BUSINESS WIREEstimated reading time: 1 minute
AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, announced that the U.S. Army has awarded a $54.9 million delivery order for the production of Switchblade® loitering munition systems. The recently announced award includes an additional contract ceiling of $743 million with $54.9 million in new funding. This contract is issued as part of a broader, previously executed, indefinite delivery, indefinite quantity contract, and ensures continued support for both the U.S. Army and several allied partners, including Lithuania, Romania, and Sweden.
Work on this contract will be performed in Simi Valley, California, with an estimated completion date of June 30, 2026. The award, which leverages fiscal 2023 and 2024 Army funds along with Foreign Military Sales, highlights AV’s ongoing commitment to delivering proven, battlefield-ready technology that meets the evolving needs of modern armed forces.
“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, AV’s senior vice president and general manager of Loitering Munition Systems. “We are honored to provide the U.S. Army and our international partners with battle-proven technology.”
AV remains focused on providing warfighters with superior, reliable, affordable systems at scale to meet the evolving requirements of its global defense customers.
Suggested Items
Lockheed Martin Makes First International SEWIP Sale to Japan
10/29/2024 | Lockheed MartinLockheed Martin was awarded a $113 million contract by Naval Sea Systems Command for full rate production of Surface Electronic Warfare Improvement Program (SEWIP) Block 2 AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems.
QinetiQ Wins Targets Contract with US Army
10/28/2024 | QinetiQQinetiQ has won an Aerial Target Systems (ATS-3) contract from the US Army. The indefinite-delivery/indefinite-quantity (IDIQ) contract has an estimated ceiling of $95 million and is the first time QinetiQ is entering the US market as a prime contractor of highly sophisticated aerial target systems.
Increased Production and Weakened Demand to Drive NAND Flash Prices Down 3–8% in 4Q24
10/15/2024 | TrendForceTrendForce’s latest findings reveal that NAND Flash products have been impacted by weaker-than-expected seasonal demand in the second half of 2024, leading to a decline in wafer contract prices in Q3. This downward trend is projected to deepen, with prices expected to drop by more than 10% in Q4.
RTX's Raytheon Awarded $736M Contract to Produce AIM-9X Missiles
10/10/2024 | RTXRaytheon, an RTX business, was awarded a $736 million contract from the U.S. Navy to produce AIM-9X® SIDEWINDER® missiles.
RTX's Raytheon Completes Hydrodynamic Testing for the Barracuda Mine Neutralization System Milestone
10/08/2024 | RTXRaytheon, an RTX business, recently conducted a series of controlled environmental tests for the Barracuda Mine Neutralization System at the Naval Surface Warfare Center Carderock Division.