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AeroVironment, Inc. (NASDAQ: AVAV) is a pioneering company with over 45 years of innovation in the fields of security, energy, and infrastructure management. The company's primary focus is on providing actionable intelligence through its advanced unmanned aircraft systems (UAS), tactical missile systems, and high-altitude pseudo-satellites. AeroVironment stands out as the largest supplier of small UAS to the Pentagon and numerous allied nations.
AeroVironment's breakthrough products give users the ability to gain critical situational awareness. These sophisticated 'eyes in the sky' are crucial for intelligence, reconnaissance, and surveillance. The company's UAS have proven indispensable on the battlefield, saving countless lives by providing real-time intelligence to troops. Similarly, on the home front, these systems promise significant benefits in areas such as disaster response, law enforcement, and infrastructure monitoring.
Operating under a single business segment, AeroVironment caters primarily to government agencies within the United States Department of Defense and allied international governments. The company's offerings include a range of unmanned systems designed to enhance security, facilitate surveillance, and provide robust sensing capabilities. This allows for extensive monitoring without requiring a human presence in potentially dangerous situations.
Recent achievements highlight AeroVironment's commitment to innovation and excellence. The company regularly collaborates with various defense and government agencies to develop and deploy cutting-edge technology solutions. Financially, AeroVironment has shown strong performance, driven by growing demand for their advanced systems and services. Its strategic partnerships and continuous investment in research and development ensure that AeroVironment remains at the forefront of the unmanned systems industry.
AeroVironment (NASDAQ: AVAV) received a $20.3 million contract from the United States Special Operations Command on September 28, 2021, for its Switchblade 600 tactical missile systems. The contract stipulates delivery by January 2023. The Switchblade 600 system, known for its high-precision capabilities, offers more than 40 minutes of flight time, anti-armor warhead, and can be deployed via fixed and mobile platforms across diverse environments. This contract strengthens AeroVironment's position in the defense market, enhancing its combat effectiveness and operational flexibility.
AeroVironment (NASDAQ: AVAV), a leader in robotic systems, will present at the Baird Global Industrial Conference on November 10, 2021, at 11:35 a.m. PT/2:35 p.m. ET. Key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell, will participate in the virtual event. A live audio webcast of the presentation will be accessible on AeroVironment's website, with a replay available for 90 days. The company specializes in technology solutions integrating robotics, sensors, and software analytics for defense and commercial applications.
AeroVironment (NASDAQ: AVAV) successfully demonstrated the integration of its Switchblade® 300 loitering missiles with the JUMP® 20 unmanned aircraft system (UAS) in
AeroVironment (NASDAQ: AVAV) successfully demonstrated the Puma 3 AE unmanned aircraft and Switchblade 300 missile systems during NATO’s REP(MUS) 21 exercise in Portugal. This marked the first cross-domain, multi-national sensor-to-shooter (S2S) demonstration, showcasing interoperability between the U.S. and U.K. systems. The exercise validated advanced command and control systems and introduced the Precision Recovery System (PRS) for autonomous recovery of the Puma 3 AE from a Navy ship. This demonstration is a significant step forward for unmanned systems and military operations.
AeroVironment, Inc. (NASDAQ: AVAV) announced a significant contract with the U.S. Army, exercising the final option in a multi-year small unmanned aircraft systems contract. This option, valued at
AeroVironment (NASDAQ: AVAV) announced a firm-fixed-price multi-million dollar order from the Latvian Ministry of Defense on July 8, 2021. The order includes telemax EVO HYBRID and tEODor EVO unmanned ground vehicles (UGVs) along with engineering support for the Latvian National Armed Forces. Delivery is expected by late 2021. The UGVs enhance the safety and efficiency of Explosive Ordnance Disposal units in identifying and neutralizing explosive devices, allowing operations from greater distances.
AeroVironment (NASDAQ: AVAV), through its subsidiary Telerob, has completed an order for the telemax EVO HYBRID unmanned ground vehicle (UGV) for the United States Pentagon Force Protection Agency (PFPA). This vehicle is designed for use in hazardous environments by EOD and HAZMAT technicians, enhancing safety and operational efficiency. The UGV features a 6-axis precision manipulator and advanced communication systems to support various missions, including explosive ordnance disposal and radiological assessments.
AeroVironment (AVAV) reported Q1 fiscal 2022 results, revealing a 16% year-over-year revenue increase to $101 million, driven by service revenue growth. However, the company also experienced a net loss of $14 million and loss per share of $0.57. Gross margin decreased to 28% due to lower margins from recent acquisitions. Despite these challenges, AeroVironment holds a record funded backlog of $257.7 million and maintains its guidance for FY2022 revenue between $560 million and $580 million.
AeroVironment, Inc. (NASDAQ: AVAV), a leader in robotic systems, announced its participation in two upcoming virtual conferences. CEO Wahid Nawabi, CFO Kevin McDonnell, and Director Jonah Teeter-Balin will present at the RBC Capital Markets Global Industrials Virtual Conference on September 10, 2021, and at the Raymond James Defense and Government Services Conference on September 23, 2021. Live audio webcasts will be available on the company’s website, with replays accessible for 90 days.
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