Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) has unveiled Red Dragon™, a groundbreaking autonomous unmanned aircraft system (UAS) designed for one-way attack missions in challenging environments. The system operates independently of GPS and functions in high-threat, communications-degraded conditions. Built on AV's AVACORE™ architecture, Red Dragon features the SPOTR-Edge™ perception system for target detection and classification, and uses a proprietary DDIL radio system. Key features include: • Autonomous operation without continuous operator input • Electronic warfare resilience • Cross-domain capability (air, land, maritime) • Mass production optimization • Simplified training for small teams Red Dragon represents the first in a new family of platforms sharing common software and hardware architecture, enabling rapid evolution across different military applications. The system aims to provide U.S. and allied forces with advanced autonomous capabilities in contested battlespaces.

AeroVironment (NASDAQ: AVAV) has successfully completed its acquisition of BlueHalo, creating a strengthened defense technology leader with integrated capabilities across air, land, sea, space, and cyber domains. The combined entity, headquartered in Arlington, Virginia, now employs over 3,750 people across 40 states.

Under continued leadership of CEO Wahid Nawabi, AV will operate through two business segments: Autonomous Systems (led by Trace Stevenson) focusing on uncrewed systems, precision strike, and defense systems; and Space, Cyber and Directed Energy (led by Trip Ferguson) handling space technologies, directed energy solutions, and cyber operations. The company's board has expanded to ten members with the addition of David Wodlinger and Henry Albers from Arlington Capital Partners.

AeroVironment (AV) has secured a $46.6 million contract with the Italian Ministry of Defence for their JUMP 20 vertical takeoff and landing (VTOL) medium uncrewed aircraft system. The five-year agreement includes delivery of JUMP 20 air vehicles, engineering services, initial sustainment, and onsite technical support.

The JUMP 20 system features:

• 30 pounds payload capacity
• 13+ hours endurance
• 185 km operational range
• Autonomous launch and recovery capabilities

The selection came after a competitive procurement process, where JUMP 20 will replace Italy's existing Shadow UAS fleet. The system is built on a Modular Open Systems Approach (MOSA), enabling rapid integration and easy upgrades to support various mission demands.

AeroVironment (NASDAQ: AVAV) has scheduled its third quarter fiscal year 2025 financial results announcement for Tuesday, March 4, 2025, after market close. The company will host a conference call and live audio webcast at 4:30 p.m. Eastern Time on the same day.

The earnings call will feature presentations from key executives including Wahid Nawabi (Chairman, President, and CEO), Kevin P. McDonnell (Senior VP and CFO), and Jonah Teeter-Balin (VP of Corporate Development and Investor Relations).

Investors can participate by registering through the provided link up to 10 minutes before the event. The webcast will be accessible through AeroVironment's Investor Relations website, with an audio replay available shortly after the event.

Kensington Capital Partners has announced the acquisition of ONE9's venture capital investment business, establishing itself as a market leader in National Security technologies investments. The deal includes acquiring a minority stake in ONE9 Capability Labs with an option for complete ownership upon meeting certain milestones.

ONE9, founded by former JTF2 Squadron Commander Glenn Cowan, specializes in defense, intelligence, and National Security investments. The acquisition follows a successful five-year collaboration between both firms, including investments in Tomahawk Robotics (sold to AeroVironment - AVAV in 2023) and Strider Technologies.

Through this strategic move, Kensington will leverage ONE9's brand and expertise to expand its platform, focusing on both direct investments in emerging technology companies and venture capital funds in the National Security sector. The transaction excludes ONE9's legacy investments, which will remain with the vendors.

AeroVironment (NASDAQ: AVAV) stockholders have overwhelmingly approved the issuance of common stock for the pending acquisition of BlueHalo , with over 99% of voted shares in favor. The approval represents a important milestone in AV's strategic transformation into a leading next-generation defense technology company.

The combined entity aims to focus on agile innovation and integrated all-domain solutions for defense priorities. The transaction is anticipated to close in May 2025, subject to customary closing conditions.

AV has secured a major contract through its subsidiary Telerob to deliver 41 advanced EOD/IED uncrewed ground vehicles (UGV) to the German Federal Armed Forces. The selected model, telemax™ HT300 UGV, will be used for explosive ordnance disposal and counter-IED missions.

Initial deliveries are scheduled for summer 2025, with additional orders extending through 2027. The UGVs will be manufactured at Telerob's facility in Ostfildern, Germany. The HT300 features an advanced manipulator arm and superior mobility capabilities for high-risk operations in complex terrain.

This contract represents one of Telerob's most significant awards in the past 15 years, strengthening their strategic partnership with the German Armed Forces.

AeroVironment (AV) has secured a Defense Innovation Unit (DIU) contract under Project Artemis to accelerate the deployment of next-generation autonomous precision munitions. The project focuses on testing and evaluating long-range, one-way uncrewed aircraft systems (UAS) for the Department of Defense.

The contract, awarded through an Other Transaction Authority (OT), aligns with Secretary Pete Hegseth's February 2025 directive exempting uncrewed systems from defense budget cuts. AV's platform features:

• GPS-denied, precision-strike capabilities
• Resilience against electronic warfare threats
• Software-defined architecture
• AVACORE™ autonomy software
• SPOTR-Edge™ computer vision

The company will participate in testing and integration efforts, with prototype demonstration targeted for May 2025. This initiative aims to accelerate procurement decisions for Services and Combatant Commands, delivering solutions years ahead of traditional acquisition timelines.

AeroVironment (AVAV) reported Q3 FY2025 financial results with mixed performance. Revenue declined 10% year-over-year to $167.6 million, impacted by unprecedented high winds and fires in Southern California. The company posted a net loss of $1.8 million, or $(0.06) per diluted share, compared to net income of $13.9 million in the prior year.

Despite challenges, AVAV achieved a record funded backlog of $763.5 million, driven by strong Switchblade and Jump-20 orders. The company announced a new Utah manufacturing facility to double Switchblade capacity. Segment performance showed UnCrewed Systems revenue down 44%, while Loitering Munitions Systems increased 46% and MacCready Works rose 28%.

For FY2025, AVAV updated guidance to revenue between $780-795 million and non-GAAP adjusted EBITDA of $135-142 million. The company expects to close the BlueHalo acquisition in Q2 calendar year 2025.