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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.

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AeroVironment to present at William Blair What’s Next for Industrials Conference on September 27-28.
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AeroVironment completes acquisition of Tomahawk Robotics for $120 million, enabling integration of AI and autonomy into its platforms.
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AeroVironment to present at RBC Capital Markets Global Industrials Conference on September 12.
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AeroVironment reports Q1 revenue of $152.3 million, up 40% YoY, and net income of $21.9 million. Record funded backlog of $539.7 million. Raising revenue and Non-GAAP adjusted EBITDA guidance ranges for FY2024. Acquisition of Tomahawk Robotics expected to enhance product portfolio. Outlook for FY2024: revenue of $645-675 million, net income of $51-59 million, Non-GAAP adjusted EBITDA of $117-127 million.
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AeroVironment to present at Jefferies Industrials Conference
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AeroVironment, Inc. will release Q1 financial results on September 5. Conference call to discuss results will be held at 4:30 p.m. ET. Investors can access the call via participant registration link or listen to the live audio webcast. Audio replay will be available on the company's website.
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AeroVironment to acquire Tomahawk Robotics for $120 million in cash and stock. The acquisition will enhance interoperability and interconnectivity of unmanned systems, allowing warfighters to operate connected robotic solutions in the battlefield and share information between multiple domains with one common controller.
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AeroVironment, Inc. has nominated Mary Beth Long as a Class II director on the company's Board of Directors. Elections will take place at the Annual Shareholder meeting on September 29. Ms. Long's nomination fills the board position that will be vacated by Catharine Marigold. The board will maintain its current composition of seven individuals, including six independent directors.
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FAQ

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

The current stock price of AeroVironment (AVAV) is $194.26 as of November 21, 2024.

What is the market cap of AeroVironment (AVAV)?

The market cap of AeroVironment (AVAV) is approximately 5.7B.

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.

AeroVironment, Inc.

Nasdaq:AVAV

AVAV Rankings

AVAV Stock Data

5.66B
27.90M
1.08%
93.58%
4.81%
Aerospace & Defense
Aircraft
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United States of America
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