Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

The U.S. Department Of State Announced Approval Of A Possible Foreign Military Sale Of AeroVironment Switchblade 300 Loitering Munition Systems To Taiwan For An Estimated $60.2M

Author: Benzinga Newsdesk | July 02, 2024 09:15am

U.S. government approves foreign military sale of the Switchblade 300 in support of Taiwanese national security

The U.S. Department of State announced approval of a possible foreign military sale of AeroVironment (AV) Switchblade® 300 loitering munition systems to Taiwan for an estimated $60.2 million. The proposed sale will bolster Taiwan's defensive capabilities and supports U.S. national security and economic interests in the Indo-Pacific region.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240702992307/en/

 

AV's combat-proven Switchblade 300 systems have been deployed by the U.S. Army for more than a decade and are currently providing real-time ISR and precision strike support on battlefields in Ukraine. Ideal for use against beyond-line-of-sight targets, Switchblade systems were previously approved by the U.S. Government for use by Ukraine, France, the United Kingdom and additional allies after Russia's 2022 invasion of Ukraine. The latest iteration of the system – Switchblade 300 Block 20 – features alternative warheads, including an armor penetrating capability, increased target attack angle, and significantly greater battery life, flight endurance, and radio link range.

Posted In: AVAV EWT