Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) announced that Steven A. Gitlin, chief marketing officer and vice president of investor relations, will present at the 2021 Virtual Wells Fargo Industrials Conference on May 5 at 11:40 a.m. PT / 2:40 p.m. ET. A live audio webcast of the presentation will be available on the AeroVironment website, with a replay for 30 days thereafter.

AeroVironment is recognized for its innovation in unmanned aircraft systems and tactical missile systems, serving global defense, government, and commercial customers.

AeroVironment (NASDAQ: AVAV) has secured a $26.12 million contract from the United States Special Operations Command to integrate its Switchblade 600 missile systems into maritime platforms, with $7.16 million funded upfront. This contract emphasizes the company's commitment to modernizing tactical capabilities for counterinsurgency and peer adversary operations. The Switchblade 600 features advanced reconnaissance, surveillance, and engagement capabilities, designed for minimal collateral damage. The project is set for completion by January 2023.

AeroVironment, Inc. (NASDAQ: AVAV) has secured a significant contract from the U.S. Army, valued at $13,010,560, for contractor logistics support of its Switchblade® 300 tactical missile systems. This cost-plus-fixed-fee contract order, awarded on March 24, 2021, reinforces AeroVironment's position as a leader in unmanned aircraft systems (UAS) and highlights its commitment to supporting military operations with advanced technology.

AeroVironment (NASDAQ: AVAV) announced that the U.S. Army exercised an option for additional Switchblade® 300 tactical missile systems, valued at approximately $44.96 million, raising the total contract value to $122.52 million. Deliveries are expected over two years. This option was awarded on March 16, 2021, and will be managed by the U.S. Army Contracting Command and the Department of Defense Foreign Military Sales program. The Switchblade 300 offers enhanced capabilities for rapid deployment and precision strikes, emphasizing minimal collateral damage.

AeroVironment, Inc. (NASDAQ: AVAV) received orders totaling $11,527,074 from NATO Support and Procurement Agency for Puma™ 3 AE tactical UAS and spares. These orders are part of a three-year contract with a potential $80 million value for tactical UAS support across NATO nations. The Puma 3 AE is engineered for real-time intelligence and has a wingspan of 9.2 feet, weight of 15 pounds, and can operate for up to 2.5 hours. Deliveries are expected by June 2021.

AeroVironment (NASDAQ:AVAV) announced that Chairman Timothy E. Conver is implementing a pre-arranged stock trading plan to sell shares held by The Conver Family Trust and C5 Holdings LLC. This plan complies with Rule 10b5-1, allowing insider trading for diversification and liquidity without possessing non-public information. The Trust plans to sell up to 350,000 shares, while C5 may sell up to 150,000 shares over approximately six months. Following these sales, Mr. Conver will retain about 868,704 shares, or 3.5% of the company, starting in April 2021.

AeroVironment (NASDAQ: AVAV) announced the U.S. Army exercised a contract option worth $20,979,905 on February 25, 2021, for Flight Control Systems under a multi-year small UAS contract. This contract includes upgrades for the Raven tactical UAS. The contract's total value is now $42,901,035 as part of a potential $55 million IDIQ contract. The Raven system, a leader in tactical UAS, enhances mission effectiveness and situational awareness for Army personnel with features like a 6.2-mile range and real-time video capabilities.