Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) unveiled the Puma VNS, a cutting-edge visual-based navigation system for its small unmanned aircraft systems (SUAS), the Puma 2 AE and Puma 3 AE. This system allows precise aircraft location determination without GPS, enhancing navigational capabilities in GPS-contested environments. The Puma VNS will be available for new orders and existing systems as a retrofit kit. Operators can expect future software and hardware updates, boosting functionality and integrating advanced autonomy features, thereby improving mission confidence in challenging conditions.

AeroVironment's unmanned ground vehicles (UGVs) will integrate Persistent Systems' Wave Relay® mobile ad hoc network for enhanced command-and-control capabilities. This partnership aims to improve situational awareness for tactical teams, facilitating critical decision-making and ensuring soldier safety. Included UGVs are telemax™ EVO PRO, EVO HYBRID, EVO PLUS, tEODor™ EVO, and EVO Upgrade Kit, all designed for high-stakes missions like explosive ordnance disposal and hazardous materials handling. AeroVironment's commitment to advanced technology in UGV applications is reinforced by this collaboration.

AeroVironment has launched the VAPOR 55 MX, a next-generation helicopter unmanned aircraft system (UAS) designed for enhanced operational performance. The modular design increases endurance by 25% and payload capacity by 20%, providing users with improved mission flexibility. The innovative tool-free quick rail mount simplifies the integration of various payloads, catering to the diverse needs of defense, commercial, and industrial sectors. The VAPOR 55 MX offers up to 12 pounds of payload with 70 minutes of flight endurance, while military variants can support 22 pounds with a 65-pound take-off weight.

AeroVironment, Inc. (NASDAQ: AVAV), a leader in robotic systems, announced that Kevin McDonnell, CFO, and Jonah Teeter-Balin, Senior Director of Corporate Development, will present at the RBC Capital Markets Global Industrials Conference on September 13, 2022, at 4:50 PM PT / 7:50 PM ET. The company focuses on delivering cutting-edge technology solutions merging robotics and analytics, serving various sectors including defense and commercial customers. For more details, visit www.avinc.com.

AeroVironment (AVAV) reported Q1 fiscal 2023 earnings with revenue of $108.5 million, a 7% increase year-over-year. Gross margin reached $33.7 million, up 17%, resulting in a margin percentage of 31%. However, the company experienced a net loss of $(8.4) million. Funded backlog hit a record of $307.6 million as of August 27, 2022. Despite supply chain challenges, AVAV remains optimistic, reaffirming its fiscal 2023 revenue guidance of $490 million to $520 million and net income expectations of $11 million to $18 million.

AeroVironment, Inc. (NASDAQ: AVAV) has launched the Mantis™ i23 D, a high-performance daytime imaging payload system designed for intelligence, surveillance, and reconnaissance (ISR) at extended ranges. The lightweight system features dual 18 MP electro-optical sensors with a 24X digital zoom, enhancing target detection capability by more than four times compared to its predecessor. The Mantis i23 D enables operation at greater aircraft standoff distances, improving situational awareness and reducing detection risk during missions. This upgrade is compatible with the Raven® B small unmanned aircraft.

AeroVironment (NASDAQ: AVAV) has announced the release of its financial results for the first quarter ended July 30, 2022, scheduled for after market close on September 7, 2022. Management will host a conference call at 4:30 PM ET on the same day, featuring key executives including CEO Wahid Nawabi and CFO Kevin P. McDonnell. Investors can register for the call via a provided link and also access a live audio webcast on AeroVironment's Investor Relations website. An audio replay will be available post-event.

AeroVironment (NASDAQ: AVAV) has published its inaugural Corporate Social Responsibility report, focusing on its environmental, social, and governance (ESG) practices. The report sets baseline metrics for future improvements and reflects the company's commitment to sustainability and diversity. Key achievements include ISO 14001 certification at multiple facilities, a new e-waste recycling program, and the establishment of committees to enhance workplace diversity. AeroVironment plans to release updated reports annually, showcasing its ongoing ESG initiatives.

AeroVironment, Inc. (NASDAQ: AVAV) announced an award from the U.S. Army on Aug. 18, 2022, for Increment 1 of the Future Tactical Unmanned Aircraft System (FTUAS) program. This includes the purchase and testing of the JUMP 20 medium unmanned aircraft, designed to replace the RQ-7B Shadow UAS in Brigade Combat Teams. The JUMP 20 offers vertical takeoff and landing capabilities and enhanced intelligence, surveillance, and reconnaissance (ISR) functionalities. It can operate independently of runways, delivers 14+ hours of endurance, and features a customizable payload capacity of up to 30 pounds.