AeroVironment, Inc. (NASDAQ:
AVAV) is
one of the best Russell 2000 stocks to buy now. On August 7, the company announced that it had formed a strategic partnership with Sierra Nevada Corporation (SNC) to develop an advanced air and missile defense system for the Golden Dome for America (GDA) initiative.
Angelo Giampiccolo/Shutterstock.com
The GDA initiative aims to create a layered, integrated air and missile defense system to protect critical U.S. infrastructure from a range of aerial threats. It focuses on “limited-area ‘under-dome’ protection” with the potential to expand coverage as new technologies are integrated.
The planned defense system will use a mix of kinetic and directed energy solutions, radio frequency systems, electronic warfare, cyber capabilities, and both passive and active sensors. It is designed to neutralize a broad range of aerial threats, including Group 1-4 unmanned aerial systems (UASs, also known as drones), advanced cruise missiles, hybrid aerial threats, and coordinated drone attacks. Sierra Space, SNC’s sister company, is also involved and is exploring ways to leverage space-based platforms for early warning, target tracking, and interceptor guidance.
AeroVironment, Inc. (NASDAQ:AVAV) is an American defense contractor and unmanned aircraft systems manufacturer. It designs, develops, and supplies small drones and tactical missile systems primarily to the U.S. Department of Defense and allied nations. The company specializes in intelligence, surveillance, and reconnaissance (ISR) solutions, with its Puma and Switchblade systems widely deployed in military operations.
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Disclosure: None. This article is originally published at
Insider Monkey.
