AV Selected for $499M AFRL Contract to Advance Electromagnetic Spectrum Survivable Materials, Awarded $246M in Task Orders

Core Points - The company AV has been awarded a 10-year single-award, IDIQ contract valued at $499 million by the USAF Research Laboratory for the HELMSSMAN program [1] Company Summary - AV is set to engage in the HELMSSMAN program under a contract with a total value of $499 million [1] - The contract duration is specified as 10 years, indicating a long-term commitment from the USAF Research Laboratory [1] Industry Summary - The award of this contract highlights the ongoing investment and interest of the USAF in advanced technology programs [1] - The HELMSSMAN program may involve significant technological advancements, reflecting the defense industry's focus on innovation and modernization [1]