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AeroVironment, Inc. - AVAV STOCK NEWS

Welcome to our dedicated page for AeroVironment news (Ticker: AVAV), a resource for investors and traders seeking the latest updates and insights on AeroVironment stock.

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.

News

AeroVironment’s Puma 3 AE Now Offers Extended Endurance of Up To 3 Hours

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AeroVironment's PS2500 battery approved for Puma 3 AE UAS, offering up to three hours of flight time. The extended endurance enhances mission flexibility and time on station for land and maritime operations.
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AeroVironment’s Tomahawk Product Line Awarded $2.67 Million Contract by the Department of Defense for Grip Tab Active Controllers

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AeroVironment has been awarded a $2.67 million contract from Advanced Technology International (ATI) to deliver prototype Tomahawk Grip Tab Active controllers and supporting test kits to the U.S. Marine Corps for evaluation. The contract supports the Marine Corps’ Force Design 2030 and other Department of Defense (DoD) initiatives, aiming to enhance lethality and mission success across warfighting functions. The Tomahawk Grip TA controllers will be part of the larger Kinesis Ecosystem, enabling multi-domain, many-to-many UxV operation through a single user interface, reducing physical and cognitive burdens on the operator.
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Amprius Broadens Product Portfolio with New Commercially Available Silicon Anode Battery Platform – SiCoreTM

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Amprius Technologies, Inc. announced the launch of its SiCoreTM product platform, an expansion of its silicon anode battery portfolio, offering high-energy-density silicon anode batteries with up to 400 Wh/kg and as many as 1,200 cycles. The new batteries are designed to revolutionize electric mobility and have already garnered positive feedback from customers, with forecasts for demand in excess of 100 megawatt hours over the coming years. The SiCore batteries complement the SiMaxx silicon nanowire anode batteries, serving as a capacity bridge until the gigawatt-scale facility becomes operational. Amprius expects to produce both SiCore and SiMaxx batteries at its gigawatt-scale factory in Colorado.
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AeroVironment Announces First Successful Multi-Drop, Live Fire GPS-Guided Shryke Munitions from a VAPOR 55 MX Unmanned Aircraft System

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AeroVironment, Inc. (AVAV) announced the successful multi-drop, live fire GPS-guided Shryke munitions from the VAPOR® 55 MX, all-electric unmanned aircraft system in collaboration with Corvid and L3Harris Technologies. The VAPOR 55 MX carried four rounds simultaneously, showcasing the live fire effects of this capability. Shryke, known for its versatile, multi-mission precision strike capability, meets the requirement to stay within 1-2 meters of the designated target. The integration of Shryke munitions on the VAPOR 55 MX allows for multiple targets to be designated in one single flight. The open software and hardware architecture of the VAPOR 55 MX provides added versatility and allows customers to integrate third-party payloads of their choice without excessive non-recurring engineering costs and schedule delays.
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AeroVironment Awarded $16 Million U.S. Navy Contract for the Advancement of Video Analytics and Computer Vision Research to Support Multi-Domain Robotics Initiatives

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AeroVironment, Inc. (AVAV) has secured a $16,098,922 contract from the U.S. Navy for video analytics and computer vision research, supporting multi-domain robotics initiatives. The Small Business Innovation Research Phase III 'Automated Entity Classification in Video Using Soft Biometrics' will be managed by the Naval Air Warfare Center Aircraft Division in Lakehurst, New Jersey. AeroVironment aims to develop a video analytics software ecosystem for the government, enhancing situational awareness and capabilities for the warfighter.
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Church Hutton Joins AeroVironment as Head of Government Relations

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AeroVironment, Inc. (NASDAQ: AVAV) announced the appointment of Paul 'Church' Hutton as Vice President, Government Relations. Mr. Hutton will strengthen the company's strategic engagement with the Department of Defense and Congress, leveraging his extensive experience in national security and defense policy. With a background in government relations and a decade of senior staff positions on Capitol Hill, Mr. Hutton's appointment aims to enhance AeroVironment's visibility and support during this critical time for national security.
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AeroVironment Announces Fiscal 2024 Second Quarter Results

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AeroVironment, Inc. (AVAV) reported a 62% year-over-year increase in revenue to $180.8 million, with net income of $17.8 million and Adjusted EBITDA of $39.5 million. The company raised its fiscal year 2024 revenue guidance to $685-705 million, reflecting strong demand and successful acquisition of Tomahawk Robotics.
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Retired Army General Joseph Votel Joins AeroVironment’s Board of Directors

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AeroVironment, Inc. (NASDAQ: AVAV) announced the appointment of General Joseph L. Votel as a Class III director on its Board of Directors. General Votel, a highly accomplished military commander with four decades of service, brings vital perspectives to the company at a critical inflection point. His guidance and strategic counsel will be vital to meeting the needs of the nation and allies around the globe. General Votel's unique offerings to the current needs of the military and allies are expected to keep the company at the cutting edge of military capabilities in the years ahead.
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AeroVironment, Inc. Schedules Second Quarter Fiscal Year 2024 Earnings Release and Conference Call

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AeroVironment, Inc. (AVAV) will release Q2 financial results on December 5, 2023. The management team will host a conference call and live webcast to discuss the results. Investors can access the call via the provided registration link or listen to the webcast on the company's Investor Relations website.
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AeroVironment’s JUMP 20 Group 3 UAS Demonstrates Modularity and Adaptability at Arcane Thunder 23 Multi-Domain Exercise

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AeroVironment, Inc.: AeroVironment, Inc. participated in the Arcane Thunder 23 (AT23) operational exercise in Europe, showcasing the JUMP 20 Group 3 unmanned aircraft system's (UAS) ability to support multi-domain operations. The exercise aimed to validate and test the integration of effects in various domains, including air, land, sea, space, and cyberspace. AeroVironment, in collaboration with CACI and with support from the U.S. Army's 2nd Multi-Domain Task Force (2nd MDTF), demonstrated the JUMP 20 UAS with multiple Electronic Warfare (EW) payloads and delivered real-time data at the point of need. The company's role in AT23 highlights the adaptability of the JUMP 20 platform to meet the needs of modern warfighters and outmatch adversaries in a changing landscape.
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FAQ

What is the current stock price of AeroVironment (AVAV)?

The current stock price of AeroVironment (AVAV) is $164.03 as of December 20, 2024.

What is the market cap of AeroVironment (AVAV)?

The market cap of AeroVironment (AVAV) is approximately 4.5B.

What does AeroVironment, Inc. specialize in?

AeroVironment specializes in unmanned aircraft systems, tactical missile systems, and high-altitude pseudo-satellites for security and surveillance.

Who are AeroVironment's primary customers?

AeroVironment primarily serves government agencies within the U.S. Department of Defense and allied international governments.

How does AeroVironment's technology benefit users?

AeroVironment's technology provides actionable intelligence, enabling critical situational awareness for military, disaster response, and law enforcement applications.

What are some recent achievements of AeroVironment?

Recent achievements include developing innovative unmanned systems and forming strategic partnerships with defense and government agencies.

What types of unmanned systems does AeroVironment provide?

AeroVironment provides a range of small UAS, tactical missile systems, and high-altitude pseudo-satellites designed for security and surveillance.

How has AeroVironment contributed to battlefield intelligence?

AeroVironment's UAS provide real-time intelligence, reconnaissance, and surveillance, which are critical for troop safety and mission success.

What is AeroVironment's market position?

AeroVironment is the largest supplier of small unmanned aircraft systems to the Pentagon and numerous allied nations.

How long has AeroVironment been in operation?

AeroVironment has been in operation for over 45 years, consistently pioneering in security, energy, and infrastructure management innovations.

What is the significance of AeroVironment's 'eyes in the sky'?

AeroVironment's 'eyes in the sky' offer situational awareness without human presence, critical for various applications from military to disaster response.

What drives AeroVironment's financial performance?

AeroVironment's financial performance is driven by the growing demand for their advanced unmanned systems and services, along with strategic partnerships and continuous R&D.

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AeroVironment, Inc.

Nasdaq:AVAV

AVAV Rankings

#1352 Ranked by Market Cap
N/A Ranked by Dividends

AVAV Stock Data

4.53B
27.90M
1.08%
93.64%
4.57%
Aerospace & Defense
Aircraft
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United States of America
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