Aerovironment Stock Price, News & Analysis

AeroVironment, Inc. (NASDAQ: AVAV) announced a significant contract with the U.S. Army, exercising the final option in a multi-year small unmanned aircraft systems contract. This option, valued at $11,731,740, contributes to a total contract value of $54,632,776. The contract includes essential components such as flight control system kits for the Raven tactical unmanned aircraft. Scheduled delivery is by September 2022. The Raven system has gained recognition as the most widely deployed unmanned aircraft globally.

AeroVironment (NASDAQ: AVAV) announced a firm-fixed-price multi-million dollar order from the Latvian Ministry of Defense on July 8, 2021. The order includes telemax EVO HYBRID and tEODor EVO unmanned ground vehicles (UGVs) along with engineering support for the Latvian National Armed Forces. Delivery is expected by late 2021. The UGVs enhance the safety and efficiency of Explosive Ordnance Disposal units in identifying and neutralizing explosive devices, allowing operations from greater distances.

AeroVironment (NASDAQ: AVAV), through its subsidiary Telerob, has completed an order for the telemax EVO HYBRID unmanned ground vehicle (UGV) for the United States Pentagon Force Protection Agency (PFPA). This vehicle is designed for use in hazardous environments by EOD and HAZMAT technicians, enhancing safety and operational efficiency. The UGV features a 6-axis precision manipulator and advanced communication systems to support various missions, including explosive ordnance disposal and radiological assessments.

AeroVironment (AVAV) reported Q1 fiscal 2022 results, revealing a 16% year-over-year revenue increase to $101 million, driven by service revenue growth. However, the company also experienced a net loss of $14 million and loss per share of $0.57. Gross margin decreased to 28% due to lower margins from recent acquisitions. Despite these challenges, AeroVironment holds a record funded backlog of $257.7 million and maintains its guidance for FY2022 revenue between $560 million and $580 million.

AeroVironment, Inc. (NASDAQ: AVAV), a leader in robotic systems, announced its participation in two upcoming virtual conferences. CEO Wahid Nawabi, CFO Kevin McDonnell, and Director Jonah Teeter-Balin will present at the RBC Capital Markets Global Industrials Virtual Conference on September 10, 2021, and at the Raymond James Defense and Government Services Conference on September 23, 2021. Live audio webcasts will be available on the company’s website, with replays accessible for 90 days.

AeroVironment, Inc. (NASDAQ: AVAV) announced it will release its first-quarter financial results for the period ending July 31, 2021, on September 8, 2021, after market close. A conference call to discuss these results will follow at 4:30 PM ET, featuring CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Jonah Teeter-Balin, Senior Director of Corporate Development and Investor Relations. Investors can access the call via the company's website, and an audio replay will be available from September 8 to 15, 2021.

AeroVironment (NASDAQ: AVAV) appointed Cindy Lewis to its board of directors effective August 10, 2021. With over 30 years in the Aerospace and Defense industry, Lewis has led AirBorn Consolidated Holdings as CEO since 1998, transforming it into a mid-market electronics company. Concurrently, Arnold Fishman will retire from the board, marking the end of his tenure that began in 1998. CEO Wahid Nawabi expressed confidence in Lewis's ability to enhance AeroVironment's portfolio and growth strategy, particularly in technology commercialization and capital deployment.

AeroVironment, Inc. (NASDAQ: AVAV) announced the launch of standardized modular payload interface kits for its RQ-20B Puma tactical unmanned aircraft systems. This initiative, established by USSOCOM, aims to enhance integration of third-party payloads onto the RQ-20B Puma, allowing for faster deployment and reduced costs. The company received an initial order for these kits from USSOCOM, with deliveries expected by November 2021. AeroVironment's tactical UAS leads the DoD inventory, with a growing international customer base exceeding 50 allied governments.

AeroVironment (NASDAQ: AVAV), a leader in intelligent robotic systems, announced key presentations scheduled for the Jefferies Virtual Industrials Conference on August 3, 2021, at 10:30 a.m. PT and the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, at 10:30 a.m. PT. Presenting will be CEO Wahid Nawabi, CFO Kevin McDonnell, and Senior Director Jonah Teeter-Balin. Live audio webcasts of the presentations will be accessible on the company's website, with replays available for 90 days.