Shares of innovative defense contractor AeroVironment (NASDAQ: AVAV) soared 20% higher this week as of market close on Thursday, according to data provided by S&P Global Market Intelligence.

Not only did AeroVironment receive five price target raises from analysts, but it landed a new $499 million contract with the U.S. Air Force Research Laboratory (AFRL).

The combination of these events -- and perhaps some optimism from the company's investor open house on Tuesday -- pushed shares to new all-time highs.

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Source Fool.com