AeroVironment Announces Additional $20.2M Government Investment In Its Huntsville, Alabama, Site To Raise Low-Rate Initial Production Of Counter-Unmanned Aircraft System Missile

AeroVironment, Inc. ("AV") (NASDAQ:AVAV), a global defense technology leader, today announced an additional government investment of $20.2 million in AV's Huntsville, Alabama facility to increase quantities of Low-Rate Initial Production (LRIP) and accelerate future Full-Rate Production (FRP) of the Next-Generation Counter-Unmanned Aircraft System Missile (NGCM), known as Freedom Eagle-1 (FE-1).