Welcome to our dedicated page for Aerovironment news (Ticker: AVAV), a resource for investors and traders seeking the latest updates and insights on Aerovironment stock.
AeroVironment Inc (AVAV) delivers cutting-edge unmanned aircraft systems and defense solutions for government and security applications. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments, financial milestones, and technological advancements shaping modern defense capabilities.
Access authoritative coverage of AVAV's government contract awards, quarterly earnings reports, and product innovation announcements. Our curated collection includes press releases on tactical missile systems, high-altitude surveillance platforms, and emerging technologies critical to national security operations.
Key updates feature detailed analyses of Department of Defense partnerships, international expansion efforts, and R&D breakthroughs in unmanned aerial systems. Stay informed about operational developments impacting AVAV's position as a leader in defense technology through verified reporting from primary sources.
Bookmark this page for real-time updates on mission-critical innovations and corporate announcements. Regularly refreshed content ensures you maintain strategic awareness of factors influencing AVAV's market performance and defense sector leadership.
AeroVironment, Inc. (NASDAQ: AVAV) reported fiscal Q2 2022 revenue of $122.0 million, up 32% from the previous year. However, the company has reduced its full-year revenue outlook to $440-$460 million due to intensified supply chain delays and staffing shortages. Net income rose to $2.5 million, or $0.10 per diluted share, while non-GAAP EPS increased to $0.78. The funded backlog stands at $252.0 million. Despite current challenges, AeroVironment aims for long-term growth and shareholder value through strategic execution and new business wins.
AeroVironment (NASDAQ: AVAV) will announce its financial results for Q2 2021 on December 7, 2021, after market close. A conference call will follow at 4:30 PM ET to discuss the results, hosted by CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Director Jonah Teeter-Balin. Investors can listen to the call via the company's Investor Relations webpage. An audio replay will be available shortly after the call.
AeroVironment (NASDAQ: AVAV) secured a $4,151,320 contract from the U.S. Department of Defense for Foreign Military Sales on Sept. 27, 2021. The contract includes the delivery of Puma 3 AE and Wasp AE unmanned aircraft systems (UAS), along with initial spares, training, and support to an allied nation. Deliveries are expected by September 2022. These UAS are designed for tactical intelligence and reconnaissance in land and maritime operations, enhancing mission effectiveness for allied forces.
AeroVironment (NASDAQ: AVAV) received a $20.3 million contract from the United States Special Operations Command on September 28, 2021, for its Switchblade 600 tactical missile systems. The contract stipulates delivery by January 2023. The Switchblade 600 system, known for its high-precision capabilities, offers more than 40 minutes of flight time, anti-armor warhead, and can be deployed via fixed and mobile platforms across diverse environments. This contract strengthens AeroVironment's position in the defense market, enhancing its combat effectiveness and operational flexibility.
AeroVironment (NASDAQ: AVAV), a leader in robotic systems, will present at the Baird Global Industrial Conference on November 10, 2021, at 11:35 a.m. PT/2:35 p.m. ET. Key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell, will participate in the virtual event. A live audio webcast of the presentation will be accessible on AeroVironment's website, with a replay available for 90 days. The company specializes in technology solutions integrating robotics, sensors, and software analytics for defense and commercial applications.
AeroVironment (NASDAQ: AVAV) successfully demonstrated the integration of its Switchblade® 300 loitering missiles with the JUMP® 20 unmanned aircraft system (UAS) in
AeroVironment (NASDAQ: AVAV) successfully demonstrated the Puma 3 AE unmanned aircraft and Switchblade 300 missile systems during NATO’s REP(MUS) 21 exercise in Portugal. This marked the first cross-domain, multi-national sensor-to-shooter (S2S) demonstration, showcasing interoperability between the U.S. and U.K. systems. The exercise validated advanced command and control systems and introduced the Precision Recovery System (PRS) for autonomous recovery of the Puma 3 AE from a Navy ship. This demonstration is a significant step forward for unmanned systems and military operations.
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
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.
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