BUZZ-AeroVironment rallies after competitor's protest of US Army contract denied

Reuters12-17

(Updates stock activity, changes headline)

** Shares of military drone maker AeroVironment up 9.2% at $170.95 on Mon after competitor's protest of nearly $1 bln U.S Army contract was denied

** The

AVAV, which in late Aug announced the 5-yr contract with ceiling value of $990 mln to provide its

rlington, Virginia-based AVAV saw its stock shed ~16% after its qtrly due to i

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))

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