April 15, 2011      

The RQ-11Raven unmanned aircraft system (UAS) is set for a digital upgrade, using retrofit kits from UAS solutions provider AeroVironment Inc. (NASDAQ:AVAV). The Monrovia, Calif.-based company has received a firm-fixed-price contract order for about 250 kits valued at $14,773,816 under an existing contract with the U.S. Army. Work on the kits is scheduled to be completed by December 2011, and the retrofit completed by fall 2012. The Raven unmanned aircraft is a 4.2-pound, backpackable, hand-lau...

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