AeroVironment Inc.

NASDAQ:AVAV   2:14:02 PM EDT
111.01
+1.20 (+1.09%)
Debt Financing / Related

Aerovironment - On May 29 Entered Into An Amendment To Design And Development Agreement With Hapsmobile

Published: 06/10/2021 15:18 GMT
AeroVironment Inc. (AVAV) - Aerovironment - on May 29 Entered Into an Amendment to Design and Development Agreement With Hapsmobile.
Aerovironment - Pursuant to Dda Amendment, Co & Hapsmobile Agreed to Terminate Dda Effective As of March 31, 2021.
Aerovironment - on May 29, Co and Softbank Entered Into the Sixth Amendment Agreement to Jv Agreement Governing Co and Softbank's Jv, Hapsmobile Inc.aerovironment - Pursuant to Amendment, Co Has Exclusive Rights From Hapsmobile for Future Design and Manufacturing Work of Existing Solar Haps.
Aerovironment - on May 29, Co and Softbank Also Entered Into Master Design and Development Agreement to Continue the Development of Solar Haps.
Aerovironment - Pursuant to Master Design and Development Agreement, Which Has a Five-year Term, Softbank Will Issue Orders to Co.
Aerovironment - Softbank Will Issue Orders to Co for to Perform Design, Development Services & Produce Deliverables As Specified in Applicable Orders.
Aerovironment - Upon Execution of Master Design and Development Agreement, Co Accepted First Order From Softbank Which Has Maximum Value of $51.2 Million.