09:40 AM EST, 12/17/2024 (MT Newswires) -- AeroVironment ( AVAV ) said Tuesday that the US Government Accountability Office has rejected a protest filed in September that challenged the US Army's award of a $990 million contract for AeroVironment's ( AVAV ) Switchblade systems.

The decision "reaffirms confidence in the integrity of the Army's procurement process and its thorough evaluation of operational requirements," the company said.

AeroVironment ( AVAV ) shares were falling 2.7% in recent trading.

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