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AV And Parry Labs Bags 3-Yr U.S. Army Contract for P550 UAS With $13.2M Base Contract Value, And Additional Options For Total Potential Contract Value Of $42M

Benzinga·12/08/2025 14:14:35
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AV, with partner Parry Labs, has been awarded a 3-year Other Transaction Agreement with an initial base contract value of $13.2M with additional options for a total potential contract value of $42M to provide the newly developed P550™ uncrewed aircraft system (UAS) for the U.S. Army's Long Range Reconnaissance (LRR) program. The all-battery electric, high-performance P550 delivers long-range intelligence, surveillance, and reconnaissance (ISR) capabilities alongside lethal effects crucial to the LRR mission. AV will deliver P550 system updates along with support and documentation deliverables to the U.S. Army, PEO Aviation, PM UAS, PdM SUAS for testing, evaluation, and integration into the Army Family of Systems. This award is in addition to the previously announced delivery of P550 systems to PM UAS.