AeroVironment (AV) (AVAV) recnetly announced cumulative program funding of more than $120 million with the government exercise of an option to build a third Global Observer aircraft for the Joint Capability Technology Demonstration (JCTD) program. Since the program began, there have been six contract options exercised. AV was awarded the initial $57 million contract for a three-year development program in September 2007. "Global Observer is an entirely new solution designed to deliver affordable persistence for intelligence, surveillance, reconnaissance and communications…
AeroVironment To Build Third Aircraft For JCTD
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