AeroVironment (AVAV) Expands Defense Capabilities With SNC Strategic Alliance

AeroVironment, Inc. (NASDAQ:AVAV) ranks among the best drone stocks to buy according to analysts. On August 7, AeroVironment, Inc. (NASDAQ:AVAV) and aerospace company SNC established a strategic alliance to create integrated air and missile defense capabilities in support of the Golden Dome for America campaign.

AeroVironment (AVAV) Expands Defense Capabilities With SNC Strategic Alliance

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The partnership intends to develop multilayer defense systems in order to defend valuable sites, including military bases, ships, airfields, and vital infrastructure from aerial threats. Moreover, the companies will incorporate modern technologies such as electronic warfare, directed energy, kinetic energy, radio frequency systems, passive and active sensing, and cyber solutions during their collaboration.

SNC CEO Fatih Ozmen emphasized the necessity of “industry ingenuity and collaboration” to guard against complex threats, drawing a comparison between the initiative’s ambition and the Manhattan Project.

Furthermore, Italy entered into a $46.6 million agreement with AeroVironment back in April to replace its aging fleet of AAI RQ-7 Shadow drones with Jump 20 fixed-wing UAVs. AeroVironment’s engineering, technical support, and maintenance services are included in the five-year contract to guarantee the UAVs are completely functional from the start.

AeroVironment, Inc. (NASDAQ:AVAV) is a company that designs, develops, manufactures, delivers, and supports a range of robotic systems and associated services for businesses and government organizations both domestically and abroad.

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Disclosure: None. This article is originally published at Insider Monkey.