Aevex says Navy drone boat contract now worth $350 million

Aevex Corp. said its existing contract with the US Navy for GARC drone speedboats has been modified, raising its total value to about $350 million and extending the term through June 2027.

• Navy GARC drone boat contract raised to about $350 million
• Contract term extended through June 2027
• The deal is a modification of an existing Aevex agreement