The market barely reacted to the news, and the investigation has had no apparent impact on the company's ability to receive government contracts.
By RBR Staff
July 05, 2010
On Friday, June 25th, just in time for the start of the weekend, AeroVironment Inc. (Nasdaq: AVAV.O), maker of the Raven and Dragon Eye unmanned aerial vehicles, announced that some of its billing practices were under investigation with the Civil Fraud Section of the United States Department of Justice. According to the statement, the investigation is focusing on three areas: