AeroVironment (AVAV) Lands $500 Million Army Contract, Sending Shares Surging 10.7%
AeroVironment (AVAV) had already delivered its strongest quarter on record before the week’s biggest catalyst even arrived on Thursday. The drone maker reported a funded backlog of $1.2 billion, a milestone that would have been headline-worthy on its own for any defense company. But the real move came Thursday, when shares jumped 10.7% in a…