AeroVironment Signs 10-Year Lease for New Facility in West Valley City, Utah
AeroVironment Inc. has signed a 10-year lease for a 130,733 square-foot facility in West Valley City, Utah, effective December 18, with monthly rent starting at $146,420.96 and increasing to $206,541.22 by lease end. The agreement includes options for two five-year extensions and follows the company's recent delivery of mobile counter-unmanned aircraft systems to the U.S. Army, alongside a collaboration with PteroDynamics to enhance electronic warfare capabilities for the U.S. Navy.
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AeroVironment Inc. has signed a lease for a facility in West Valley City, Utah, covering approximately 130,733 square feet. The lease, effective from December 18, has a 10-year term, beginning when AeroVironment occupies the premises or completes necessary improvements.
Monthly rent starts at $146,420.96, increasing to $206,541.22 by the end of the lease. The agreement allows for two five-year extension options at market rates. Additionally, AeroVironment has delivered mobile counter-unmanned aircraft systems to the U.S.
Army and received positive coverage from analysts, with price targets ranging from $285 to $450. The company is also collaborating with PteroDynamics to enhance electronic warfare capabilities for U.S. Navy operations.
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