Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) announced the award of a $22 million task order from the U.S. Special Operations Command (USSOCOM) for ISR services using its JUMP® 20 unmanned aircraft system. This contract, effective from May 21, 2021, will last 12 months with options for extensions. The JUMP 20 offers extended operational capabilities, including SATCOM for beyond line of sight operations, and features runway independence, a range of 185 km, and a payload capacity of 30 pounds. This system's design aims to enhance operational efficiency for military applications.

AeroVironment (NASDAQ: AVAV) has launched Crysalis™, a next-generation ground control solution designed for unmanned aircraft systems (UAS). Crysalis integrates hardware and software to enhance user experience and operational efficiency.

The system features an intuitive interface, cross-compatibility with major operating systems, and various configurations for mission adaptability. Crysalis aims to streamline command control, enabling warfighters to make rapid tactical decisions through improved situational awareness and collaboration.

AeroVironment reported record financial results for Q4 and FY 2021, with revenues of $136.0 million and $394.9 million, respectively. The diluted EPS from continuing operations was $0.96 for FY 2021. A strategic acquisition of Arcturus UAV boosted the Medium Unmanned Aircraft Systems segment. Despite these successes, operating income decreased to $17.8 million in Q4 due to rising SG&A and R&D costs, leading to a net income drop to $10.9 million. Looking ahead, FY 2022 guidance suggests revenues between $560 million and $580 million.

AeroVironment, Inc. (NASDAQ: AVAV) will release its financial results for the fourth quarter and full fiscal year ending April 30, 2021, on June 29, 2021, after market close. A conference call to discuss these results will be hosted by management at 1:30 PM PT. Investors can access the live audio webcast through the company's Investor Relations website. An audio replay will be available from June 29 through July 6, 2021. AeroVironment specializes in multi-domain robotic systems, serving defense, government, and commercial sectors.

AeroVironment, Inc. (NASDAQ: AVAV) announced the relocation of its corporate headquarters from Simi Valley, California, to Arlington, Virginia, effective June 15, 2021. The move aims to enhance access to key customers and decision-makers in the Washington D.C. area. CEO Wahid Nawabi highlighted the acquisition of Progeny Systems ISG and the establishment of an AI Innovation Center as integral to this strategy. Despite the move, AeroVironment will retain operations in Simi Valley and other locations in the U.S. and Germany, continuing to provide robotic technology solutions to defense and commercial sectors.

AeroVironment, a leader in multi-domain robotic systems, will present at the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 2:00 PM PT, and at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 8:40 AM PT. Key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell, will participate in these events. Live audio webcasts will be accessible on the company's website, with replays available for 90 days. AeroVironment specializes in technology solutions combining robotics, sensors, and software analytics.

AeroVironment, Inc. (NASDAQ: AVAV) announced that Steven A. Gitlin, the chief marketing officer and vice president of investor relations, will present at the 16th Annual Needham Virtual Technology & Media Conference on May 19, at 10:30 a.m. PT / 1:30 p.m. ET. A live video webcast of the presentation will be available on the company's website, with a replay accessible for 90 days. As a leader in multi-domain robotic systems, AeroVironment celebrates 50 years of innovation, serving defense, government, and commercial customers.

AeroVironment (NASDAQ: AVAV) announced the election of Wahid Nawabi as Chairman of the Board, effective at the 2021 annual meeting, succeeding Tim Conver, who is retiring. Nawabi, who has been with the company since 2011 and CEO since 2016, brings a track record of leadership with three consecutive years of double-digit revenue growth. Tim Conver has been pivotal in transforming AeroVironment into a leader in unmanned aircraft systems and tactical missile systems, growing revenues from $10 million to $264 million by fiscal year 2016.