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Investing.com -- AeroVironment Inc (NASDAQ:AVAV) stock rose 3% Monday after the company announced it has been awarded a contract from the U.S. Army Rapid Capabilities and Critical Technologies Office for its tactical mission planning and command and control software.
The company’s Kinesis software will be used for the Human-Machine Integrated Formations (HMIF) Increment 1 program, which aims to accelerate the fielding of robotic formations to reduce risk for soldiers and enhance decision-making capabilities in armored and infantry units.
According to the company, the HMIF program will incorporate both ground and air systems to help military personnel locate and engage enemy targets. AeroVironment’s Kinesis software will provide a unified interface for mission planning, tactical awareness, autonomy management, and payload control.
"AV’s Kinesis software is a true force multiplier that allows a single tactical operator to control a mixed fleet of autonomous systems developed by multiple OEMs, transforming military operations and accelerating our combat readiness," said Jason Hendrix, AV Vice President and General Manager.
The software provides interoperability across tactical command and control platforms and includes a Software Developers Kit for third-party software integration. For the HMIF program, AeroVironment is partnering with Applied Research Associates’ Neya Systems, Parry Labs, and QinetiQ to deliver comprehensive solutions.
The financial terms of the contract were not disclosed in the announcement.
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