AeroVironment wins $13.8 Mln order for RQ-11B Raven Small Unmanned Aircraft

AeroVironment Inc. ( AVAV ) announced Wednesday that it received $13.80 million of incremental funding on March 30, 2013 from the United States Army for continued performance of a contract action with a not to exceed value of $65.54 million.

The order includes RQ-11B Raven systems, new miniature gimbaled payloads and initial spares packages, and is funded from the Army’s fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by July 25, 2013.