AeroVironment, Inc. develops and reports on defense technology systems for air, land, sea, space and cyber operations. Company announcements regularly cover autonomous systems, loitering munitions, counter-unmanned aircraft systems, space-based platforms, directed energy systems and cyber and electronic warfare capabilities.
Recurring developments include U.S. government awards and prototype agreements, product introductions such as Halo_Shield and MAYHEM 10, demonstrations of the LOCUST laser weapon system, and program updates for platforms including Switchblade 400 and VAPOR CLE. News also covers investor conference participation and updates tied to AV_Halo, the company's modular AI-powered software suite.
AeroVironment (NASDAQ: AVAV) and Thunder Tiger signed a memorandum of understanding to explore uncrewed systems integration and potential co-production in Taiwan.
The framework covers potential integration of select Switchblade configurations with Thunder Tiger’s unmanned surface and ground platforms. The companies also plan to explore Taiwan’s industrial capacity for future unmanned aircraft co-production and joint development. They intend to evaluate the technical feasibility of integrating a launcher carrying multiple Switchblade all-up rounds with Thunder Tiger’s unmanned surface vessel, including interoperability and potential future demonstrations.
AeroVironment (AVAV) announced a memorandum of understanding with Alpha Unmanned Systems to explore local support for JUMP 20 aircraft in Spain.
The framework covers deployment, sustainment, training, maintenance and local operational support. Collaboration may expand into Europe and Latin America. The companies also plan to evaluate integrating Alpha’s aircraft subsystem products into JUMP 20.
AeroVironment (NASDAQ: AVAV) announced a partnership with Elsight to integrate Halo connectivity technology into its Mayhem 10 launched effects system.
Integration efforts are underway. The companies expect the integration to manage satellite, private and public cellular, and point-to-point radio networks through one connectivity layer. Halo is designed to reduce dependence on a single communications link without requiring operator intervention.
AeroVironment (NASDAQ: AVAV) and NIOA Australia signed a memorandum of understanding to explore Australian production and support for AV’s one-way attack systems. Signed during LAND FORCES 2026, the framework covers potential local manufacturing, integration, sustainment and Australian variants using NIOA-developed payloads.
The companies will evaluate NIOA’s potential role as an Australian distributor and authorized support partner, subject to final agreements and required approvals. They also share a non-binding ambition to explore Australia as a regional center for advanced launched effects and loitering munitions. The MOU is non-binding; future commercial activities require separate definitive agreements, government approvals and compliance with applicable U.S. and Australian laws.
AeroVironment (AVAV) announced that its VideoRay subsidiary is supporting an AEVEX-led team selected for a U.S. Navy mine countermeasure prototype agreement. The selection followed the Navy and Department of War Innovation Unit’s Mine Countermeasure Modernization Prize Challenge.
During competitive in-water testing, VideoRay demonstrated an autonomous underwater remotely operated vehicle launched from an AEVEX unmanned surface vessel. Operators conducted missions over the horizon from a remote ground control station, including target investigation, simulated neutralization and post-engagement assessment. Winning systems will be integrated into the Fleet’s autonomous mine countermeasure kits.
EHang (EH) reported second-quarter revenue of RMB77.9 million in drone-sector commentary that also covered ZenaTech and AeroVironment results. EHang’s revenue rose 203.5% from the first quarter but fell 31.3% from a year earlier. It sold and delivered 36 electric vertical take-off and landing aircraft, versus 4 in the prior quarter and 52 a year earlier.
ZenaTech (ZENA) reported second-quarter revenue of C$9.3 million, up 316% year over year, and a quarterly net loss of C$22.5 million. Its Drone as a Service segment contributed C$8.1 million in revenue. ZenaTech also has signed acquisition offers that it expects to add approximately C$40 million in revenue during the first 12 months after completed closings. AeroVironment (AVAV) reported fiscal first-quarter revenue of $480.5 million, up 6% year over year, and funded backlog of $1.5 billion, up 37%.
AeroVironment (AVAV) reported fiscal 2027 first‑quarter revenue of $480.5 million, up 6% year over year, for the period ended August 1, 2026.
Gross margin rose to $124.6 million, or 26% of revenue, from $95.1 million, or 21%, driven mainly by lower intangible amortization and other non‑cash purchase accounting expenses. Loss from operations narrowed to $10.9 million from $69.3 million, and net loss improved to $5.1 million, or $0.10 per diluted share, versus $67.4 million, or $1.44 per share, a year earlier. Non‑GAAP adjusted EBITDA was $53.4 million and non‑GAAP EPS was $0.59, compared with $56.6 million and $0.32, respectively.
Bookings were approximately $0.7 billion with a book‑to‑bill ratio of 1.4, supporting a record funded backlog of $1.5 billion. Management reaffirmed full‑year fiscal 2027 guidance, including revenue of $2.125–$2.225 billion and non‑GAAP EPS of $3.02–$3.34.
AeroVironment (AVAV) received its first international purchase order for the LOCUST® Laser Weapon System, a direct commercial sale valued at more than $50 million.
The order covers an initial delivery of mission‑proven LOCUST counter‑drone systems and support, and follows AV’s recent $464.8 million U.S. Army Enduring‑High Energy Laser (E‑HEL) production contract. To meet rising demand, AV is investing over $30 million to expand its Albuquerque manufacturing campus, adding more than 450 jobs and an estimated $670 million in economic impact. LOCUST, part of the Halo_Shield™ layered air defense platform, delivers drone engagements for less than $10 per shot and supports fixed, palletized and mobile deployments.
AeroVironment (AVAV) secured a U.S. Army Enduring-High Energy Laser (E-HEL) program production contract valued at $464.8 million for its LOCUST® family of laser weapons.
The award is described as the first-ever U.S. production procurement for directed energy systems, marking a shift from prototype to production for laser weapons. Under an Other Transaction Agreement, AV will deliver dozens of 30-kilowatt LOCUST X3 counter-UAS systems over the next few years, integrate them on platforms including the Joint Light Tactical Vehicle, and provide support and training. The program builds on AMP-HEL prototype experience and successful testing at White Sands Missile Range, and is supported by a previously announced $30 million investment in AV’s Albuquerque, New Mexico facility.
AeroVironment (NASDAQ: AVAV) will participate in the 2026 Jefferies Global Industrials Conference in New York City. Chairman, President and CEO Wahid Nawabi and EVP and CFO Sean Woodward will join a fireside chat on September 10 at 12:50 p.m. ET, accessible via live and archived webcast on the company’s website.