AeroVironment (AVAV, Financial) has successfully secured a $46.6 million contract from the Italian Ministry of Defence. This significant deal, spanning over five years, involves the supply of the JUMP 20, a medium uncrewed aircraft system featuring vertical takeoff and landing capabilities.
The contract not only includes the provision of JUMP 20 air vehicles but also encompasses engineering services, initial sustainment support, and onsite technical assistance. This initiative is part of Italy's strategy to upgrade its current unmanned aerial systems, as the JUMP 20 is set to replace the nation’s existing Shadow UAS fleet, enhancing its operational capabilities.
This agreement underscores AeroVironment's expanding global footprint and its commitment to advancing unmanned systems technology for defense purposes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for AeroVironment Inc (AVAV, Financial) is $188.02 with a high estimate of $225.00 and a low estimate of $146.00. The average target implies an upside of 30.25% from the current price of $144.35. More detailed estimate data can be found on the AeroVironment Inc (AVAV) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, AeroVironment Inc's (AVAV, Financial) average brokerage recommendation is currently 1.3, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AeroVironment Inc (AVAV, Financial) in one year is $175.26, suggesting a upside of 21.41% from the current price of $144.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AeroVironment Inc (AVAV) Summary page.
