Aerovironment Stock Price, News & Analysis

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.

AeroVironment, Inc. (NASDAQ: AVAV) has acquired Planck Aerosystems, a leading provider of advanced unmanned aircraft navigation solutions. This strategic acquisition aims to enhance AeroVironment's development of advanced autonomy capabilities in unmanned aircraft systems. The integration of Planck's technologies will enable intelligent operations from moving platforms and improve functionality in GPS-denied environments. This move is expected to accelerate innovation and enhance the effectiveness of AeroVironment's offerings for defense and commercial customers.

AeroVironment (NASDAQ: AVAV) announced that its chairman and CEO, Wahid Nawabi, along with CFO Kevin McDonnell, will present at the Jefferies Industrials Conference on August 9, 2022, at 2:00 p.m. ET, and at the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022, at 3:30 p.m. ET. A live audio webcast of both presentations will be accessible on AeroVironment's website, with a replay available for 90 days.

AeroVironment specializes in robotic systems and serves defense, government, and commercial customers.

AeroVironment, Inc. (NASDAQ: AVAV) reported financial results for Q4 and fiscal year 2022. Q4 revenue totaled $132.6 million, marking a 2% decline year-over-year. Full-year revenue reached a record $445.7 million, driven by service revenue and acquisitions. Q4 net income was $7.3 million ($0.29 per diluted share), while the annual net loss was $4.2 million ($(0.17) per share). The company anticipates fiscal 2023 revenue between $490 million and $520 million, with earnings guidance of $0.42 to $0.72 per share.

AeroVironment, Inc. (NASDAQ: AVAV) will announce its financial results for the fourth quarter and full fiscal year ending April 30, 2022, after market close on June 28, 2022. Management, including CEO Wahid Nawabi and CFO Kevin P. McDonnell, will host a conference call at 4:30 PM ET to discuss the results. Investors can participate via a toll-free number or listen to the live audio webcast on the company's Investor Relations website. An audio replay will be available post-event.

AeroVironment, Inc. (NASDAQ: AVAV) announced a contract award worth $6,166,952 for its Puma 3 AE small unmanned aircraft systems (SUAS) to the U.S. Marine Corps, with delivery expected by July 2022. The Puma 3 AE provides tactical reconnaissance and surveillance for both maritime and land operations, making it essential for low-altitude intelligence missions. It is highly versatile, capable of operating in various environments, and is a dominant presence in the U.S. Department of Defense inventory, utilized by over 50 allied governments.

AeroVironment (NASDAQ: AVAV) successfully demonstrated Interoperability to Interchangeability (I2I) operations during the International Maritime Exercise 2022, partnering with the U.S. Navy and Royal Navy. The exercise showcased the company's Puma™ 3 AE unmanned aircraft systems and the Blue Hotel software for multi-sensor data fusion and automatic target recognition. Over 60 nations participated, marking it as the largest maritime exercise to date, involving more than 80 unmanned systems. The demonstration advanced operational capabilities and enhanced maritime domain awareness for coalition naval forces.

AeroVironment (NASDAQ: AVAV) is donating over 100 Quantix Recon unmanned aircraft systems to the Ministry of Defence of Ukraine amid the ongoing conflict with Russia. The donation includes operational training services at no cost and will enhance the reconnaissance capabilities of the Ukrainian forces. Delivery of the initial shipment is expected this week, supporting military efforts with advanced technology designed for undetected missions and rapid intelligence gathering.

AeroVironment (NASDAQ: AVAV) announced that Kevin McDonnell, CFO, and Jonah Teeter-Balin, Senior Director, will present at the Imperial Capital Advanced Manufacturing and Supply Chain Conference on April 14, 2022, at 1:15 p.m. PT / 4:15 p.m. ET. The company, headquartered in Virginia, specializes in intelligent robotic systems, delivering innovative technology solutions across defense, government, and commercial sectors. For more details, visit www.avinc.com.