AeroVironment Hits New Yr Lows Despite $8.8Mln Supply Contract


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AeroVironment, Inc. ( AVAV ) shares have hit a new yr low of $23.12 despite announcing that the Port of Seattle has awarded the company a contract valued up to $8.8 mln through 2014 to supply its PosiCharge electric Ground Support Equipment fast charge systems to the Seattle-Tacoma International Airport.

The PosiCharge eGSE fast charge systems support the airport's common use goals, making it possible to charge any electric GSE vehicle with any PosiCharge system at the airport, and is in-line with its goal to reduce carbon emissions by 50 percent from 2005 levels.

AVAV 52-wk range: 23.12 - 36.49.

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This article appears in: Investing , Commodities

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