The contract, awarded under the Air Force’s Leveraged Orbital Battlespace program, focuses on research and development for space-based systems. This initiative aims to push the boundaries of scientific knowledge and technical support for orbital operations. Operations will center in Alabama and New Mexico, with a long-term completion window extending through August 29, 2031. AeroVironment finalized its acquisition of BlueHalo earlier in 2025, integrating the firm’s specialized capabilities into its broader defense portfolio. Following the announcement, the stock reached $155.54, providing a brief respite for shareholders after a period of prolonged market pressure.