aerospace / news / / Benzinga
Defense stocks rose after the joint U.S.-Israel strike on Iran heightened tensions and boosted expectations for military spending.
AeroVironment is actively negotiating a contract with the U.S. Space Force for BADGER antenna systems.
KEY POINTS
- The Space Force contract was temporarily paused to finalize a firm-fixed-price agreement and expedited delivery.
- AeroVironment will invest over $30 million to expand New Mexico manufacturing, with $6 million in incentives.
- The New Mexico expansion is projected to create 450+ high-wage jobs and $670 million economic impact.
- AeroVironment's Q3 2026 revenue estimate jumped to $483.39 million from $167.64 million year-over-year.
COMPANIES
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