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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 (NASDAQ: AVAV) is set to release its financial results for the fourth quarter and full fiscal year ending April 30, 2024, after market close on June 26, 2024. The company will also host a conference call and audio webcast at 4:30 p.m. ET to discuss these results.

The call will feature key executives including CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Senior Director of Corporate Development Jonah Teeter-Balin. Interested investors can register for the conference call via a provided link or listen to the live webcast on the company's Investor Relations website. An audio replay will be available post-event.

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AeroVironment (NASDAQ: AVAV) will host its 2024 Analyst and Investor Day in New York City on June 27. The event will provide stakeholders with an overview of the company’s portfolio and examine its long-term goals and overall business health.

Management presentations and discussions will start at 8:30 a.m. ET, featuring Wahid Nawabi, chairman, president, and CEO; Kevin P. McDonnell, senior VP and CFO; along with other executive management team members.

The event will be live webcast on AeroVironment's Investor Relations website, with a video replay available post-event.

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AeroVironment (AVAV) was selected by DARPA for the development of the Wildcat Autonomous VTOL UAS as part of the ANCILLARY program. The Wildcat UAS is designed for ship-based operations in challenging maritime environments. It features a long-endurance, large-payload capacity, and uses SPOTR-Edge machine learning for enhanced mission effectiveness. The Wildcat meets DARPA's objectives with a 450 nmi mission radius, 12-hour endurance, and the ability to operate in high sea states and winds. Additionally, it offers modular payload capacity and requires minimal infrastructure for launch and recovery. AVAV will further develop Wildcat in collaboration with DARPA and the Office of Naval Research.

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AeroVironment’s Switchblade 600, a loitering munition system, has been selected for Tranche 1 of the U.S. Department of Defense’s Replicator initiative. The initiative aims to accelerate autonomous systems to warfighters, prioritizing attritable capabilities to counter peer adversaries. Switchblade 600 is a battle-proven system with advanced sensors and precision flight control, offering quick deployment and engagement of non-line of sight targets.

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AeroVironment, Inc. (AVAV) will participate in the Bank of America Transportation, Airlines, and Industrials Conference in NYC. The company's CFO will present on May 16th. The presentation can be accessed on AVAV's website.

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AeroVironment (AV) unveils Autonomy Retrofit Kit (ARK) and AVACORE software to enhance autonomous systems' capabilities. ARK provides intelligent mission capabilities for unmanned aircraft systems, while AVACORE offers an open framework for unmanned systems with computer vision software. The new systems aim to increase mission effectiveness and reduce operator burdens.
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AeroVironment's Switchblade 300 Block 20 system has been chosen by the U.S. Marine Corps for the Organic Precision Fires-Light program, providing precision fires capability at the tactical level. The initial order is worth $8.9M with a maximum potential value of $249M. The system offers a lightweight, precision-guided capability against beyond-line-of-sight adversaries, ensuring Marines have effective target engagement with minimal collateral damage.
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AeroVironment (AV) partners with Parry Labs to develop the P550 uncrewed aircraft system for the U.S. Army's Long Range Reconnaissance program. The collaboration aims to integrate digital engineering, software, and mission system hardware using MOSA principles, enhancing warfighter capability and mission flexibility.
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AeroVironment, Inc. reports record third-quarter revenue of $186.6 million, up 39% year-over-year, with net income of $13.9 million and adjusted EBITDA of $28.8 million. The funded backlog stands at $462.8 million. The Company raised its fiscal year revenue guidance for 2024 to between $700 million and $710 million, anticipating double-digit revenue growth in fiscal year 2025.
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AeroVironment, Inc. (AVAV) to release Q3 financial results on March 4, 2024. The conference call will feature key executives discussing the performance. Investors can register for the call and access the live webcast through the company's website. An audio replay will be available post-event.
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FAQ

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

6.06B
27.55M
1.07%
87.94%
2.65%
Small Arms Ammunition Manufacturing
Manufacturing
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United States of America
ARLINGTON