Aerovironment Stock Price, News & Analysis

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.

AeroVironment (NASDAQ: AVAV) has completed the acquisition of Telerob for $45.4 million, which will enhance its portfolio of intelligent robotic systems. This acquisition includes the payoff of Telerob's debt amounting to approximately $9.4 million. Telerob, a leader in ground robotic solutions, offers advanced unmanned ground vehicles (UGVs) for critical missions, expanding AeroVironment's capabilities in both air and ground operations.

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.