Aerovironment Stock Price, News & Analysis

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.

AeroVironment (NASDAQ: AVAV) reported its fiscal Q3 results for 2022, showing revenue of $90.1 million, a 14% increase from last year. However, gross margin fell to 24%, down from 36%, largely due to higher service revenue with lower margins. The company sustained a net loss of $14.1 million, up from $0.6 million the previous year. Despite challenges such as supply chain issues and labor market constraints, AeroVironment maintains its full-year guidance, projecting revenue between $440 million and $460 million.

AeroVironment, Inc. (NASDAQ: AVAV) will release its financial results for the third quarter ending January 29, 2022, after the market closes on March 3, 2022. A conference call featuring management, including CEO Wahid Nawabi and CFO Kevin P. McDonnell, will take place at 4:30 PM ET on the same day to discuss the results. Investors can access the live audio webcast on the company's Investor Relations website, with an archived replay available later.

AeroVironment (NASDAQ: AVAV) has secured a $8,541,428 contract from the U.S. Department of Defense under its Foreign Military Sales program, announced on January 27, 2022. The contract involves delivering Puma™ 3 AE unmanned aircraft systems, initial spare parts, training, and support to an allied nation, with expected delivery by November 2022. The Puma 3 AE provides tactical reconnaissance capabilities and has a wingspan of 9.2 feet, a weight of 15 pounds, and an operational range of up to 37.2 miles (60 km).

AeroVironment (NASDAQ: AVAV) announced a $10.5 million contract from the U.S. Department of Defense for the delivery of Puma LE unmanned aircraft systems over six years to an allied nation. The Puma LE offers up to 6.5 hours of flight endurance and advanced reconnaissance capabilities, enhancing operational effectiveness for allied forces. This contract supports the Foreign Military Sales program, promoting interoperability among U.S. and allied forces. AeroVironment remains a leader in small unmanned aircraft systems, serving over 50 allied governments worldwide.

AeroVironment, a global leader in robotic systems, announced the launch of the Switchblade 300 Sensor to Shooter Kit. This capability allows operators to instantly transfer target coordinates from small unmanned aircraft systems (SUAS) to the Switchblade 300 loitering missile systems. The Sensor to Shooter software improves operational efficiency by securely relaying real-time video and telemetry data, reducing cognitive load for operators. This innovation enhances mission success rates and operational safety.