Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) will host an Investor and Analyst Event on October 5, 2022, starting at 8:30 AM PT. This event will feature presentations from key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell. Following the event, a video recording and presentation slides will be accessible on AeroVironment's website under the Events and Presentations section. The company, based in Virginia, is known for its advanced multi-domain robotic systems, serving defense, government, and commercial sectors.

AeroVironment (NASDAQ: AVAV) announced a firm-fixed-price contract worth $20.6 million from the U.S. Army for its Switchblade® 300 tactical missile systems, awarded on August 18, 2022. The contract is set for delivery by July 2023 and is managed by the U.S. Army Contracting Command in Redstone Arsenal. The Switchblade 300 enhances soldiers' capabilities for precision strikes with minimal collateral damage, offering tactical advantages in various deployment scenarios.

AeroVironment, Inc. (NASDAQ: AVAV) has secured two U.S. Department of Defense Foreign Military Sales contracts worth $20,868,105 to deliver Puma 3 All Environment unmanned aircraft systems (UAS) to two allied nations. These systems provide tactical reconnaissance for land and maritime operations, enhancing interoperability among U.S. and allied forces. The Puma 3 AE is noted for its portability and operational flexibility, making it a reliable choice for frontline forces. Over 50 allied governments currently utilize AeroVironment's unmanned systems.

AeroVironment (NASDAQ: AVAV), a leader in robotic systems, announced its participation in the William Blair What’s Next For Industrials Conference. Key executives, including CFO Kevin McDonnell and CTO Scott Newbern, will present virtually on September 22, 2022, at 12:00 p.m. PT / 3:00 p.m. ET. The company specializes in technology solutions that enhance actionable intelligence for defense, government, and commercial sectors. For more details, visit www.avinc.com.

AeroVironment (NASDAQ: AVAV) unveiled the Puma VNS, a cutting-edge visual-based navigation system for its small unmanned aircraft systems (SUAS), the Puma 2 AE and Puma 3 AE. This system allows precise aircraft location determination without GPS, enhancing navigational capabilities in GPS-contested environments. The Puma VNS will be available for new orders and existing systems as a retrofit kit. Operators can expect future software and hardware updates, boosting functionality and integrating advanced autonomy features, thereby improving mission confidence in challenging conditions.

AeroVironment's unmanned ground vehicles (UGVs) will integrate Persistent Systems' Wave Relay® mobile ad hoc network for enhanced command-and-control capabilities. This partnership aims to improve situational awareness for tactical teams, facilitating critical decision-making and ensuring soldier safety. Included UGVs are telemax™ EVO PRO, EVO HYBRID, EVO PLUS, tEODor™ EVO, and EVO Upgrade Kit, all designed for high-stakes missions like explosive ordnance disposal and hazardous materials handling. AeroVironment's commitment to advanced technology in UGV applications is reinforced by this collaboration.

AeroVironment has launched the VAPOR 55 MX, a next-generation helicopter unmanned aircraft system (UAS) designed for enhanced operational performance. The modular design increases endurance by 25% and payload capacity by 20%, providing users with improved mission flexibility. The innovative tool-free quick rail mount simplifies the integration of various payloads, catering to the diverse needs of defense, commercial, and industrial sectors. The VAPOR 55 MX offers up to 12 pounds of payload with 70 minutes of flight endurance, while military variants can support 22 pounds with a 65-pound take-off weight.

AeroVironment, Inc. (NASDAQ: AVAV), a leader in robotic systems, announced that Kevin McDonnell, CFO, and Jonah Teeter-Balin, Senior Director of Corporate Development, will present at the RBC Capital Markets Global Industrials Conference on September 13, 2022, at 4:50 PM PT / 7:50 PM ET. The company focuses on delivering cutting-edge technology solutions merging robotics and analytics, serving various sectors including defense and commercial customers. For more details, visit www.avinc.com.

AeroVironment (AVAV) reported Q1 fiscal 2023 earnings with revenue of $108.5 million, a 7% increase year-over-year. Gross margin reached $33.7 million, up 17%, resulting in a margin percentage of 31%. However, the company experienced a net loss of $(8.4) million. Funded backlog hit a record of $307.6 million as of August 27, 2022. Despite supply chain challenges, AVAV remains optimistic, reaffirming its fiscal 2023 revenue guidance of $490 million to $520 million and net income expectations of $11 million to $18 million.