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. develops and reports on defense technology systems for air, land, sea, space and cyber operations. Company announcements regularly cover autonomous systems, loitering munitions, counter-unmanned aircraft systems, space-based platforms, directed energy systems and cyber and electronic warfare capabilities.
Recurring developments include U.S. government awards and prototype agreements, product introductions such as Halo_Shield and MAYHEM 10, demonstrations of the LOCUST laser weapon system, and program updates for platforms including Switchblade 400 and VAPOR CLE. News also covers investor conference participation and updates tied to AV_Halo, the company's modular AI-powered software suite.
AeroVironment, Inc. (NASDAQ: AVAV), a leader in intelligent robotic systems, announced its participation in the Imperial Capital Advanced Manufacturing & Supply Chain Conference. Key executives, including CEO Wahid Nawabi, CFO Kevin McDonnell, and Senior Director Jonah Teeter-Balin, will present on February 9, 2023, at 3:00 p.m. PT (6:00 p.m. ET). The company specializes in technology solutions integrating robotics, sensors, software analytics, and connectivity, serving defense, government, and commercial sectors. For more details, visit www.avinc.com.
AeroVironment reported Q2 fiscal 2023 results with revenue of $111.6 million, down 9% from last year. The company raised its fiscal 2023 revenue guidance to $505 million - $525 million, supported by record backlog of $388.2 million. Key highlights include strong bookings of $197.3 million and a historic $86 million FMS order. However, net loss stood at $6.7 million or $(0.27) per diluted share, as gross margins fell to 23% from 35%. Increased R&D investments may impact profitability outlook.
AeroVironment (NASDAQ: AVAV) announced it will release its financial results for the second quarter ended October 29, 2022, after market close on December 6, 2022. Management, including CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Jonah Teeter-Balin, will host a conference call at 4:30 PM ET to discuss the results. Investors can register for the call or listen through the company's Investor Relations website. An audio replay will be available afterward.
AeroVironment, Inc. (NASDAQ: AVAV) announced that CFO Kevin McDonnell and Senior Director Jonah Teeter-Balin will present at the Baird Global Industrial Conference on November 8, 2022, at 8:50 a.m. PT. The presentation will highlight the company's advancements in intelligent, multi-domain robotic systems serving defense, government, and commercial sectors. Investors can access the presentation on the AeroVironment website. The company is noted for its innovative technology solutions that integrate robotics, sensors, software analytics, and connectivity.
AeroVironment, Inc. (NASDAQ: AVAV) is hosting an Investor and Analyst Event in Petaluma, California today at 9:00 AM PT. The event features presentations from CEO Wahid Nawabi, CFO Kevin McDonnell, and other executives. An 8-K filing accompanying the release includes presentation materials for attendees. The presentation slides will be available on the company's investor relations website, along with a video of the session post-event. AeroVironment specializes in robotics and intelligent systems serving defense and commercial sectors.
AeroVironment (NASDAQ: AVAV) will host an Investor and Analyst Event on October 5, 2022, starting at 8:30 AM PT. This event will feature presentations from key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell. Following the event, a video recording and presentation slides will be accessible on AeroVironment's website under the Events and Presentations section. The company, based in Virginia, is known for its advanced multi-domain robotic systems, serving defense, government, and commercial sectors.
AeroVironment (NASDAQ: AVAV) announced a firm-fixed-price contract worth $20.6 million from the U.S. Army for its Switchblade® 300 tactical missile systems, awarded on August 18, 2022. The contract is set for delivery by July 2023 and is managed by the U.S. Army Contracting Command in Redstone Arsenal. The Switchblade 300 enhances soldiers' capabilities for precision strikes with minimal collateral damage, offering tactical advantages in various deployment scenarios.
AeroVironment, Inc. (NASDAQ: AVAV) has secured two U.S. Department of Defense Foreign Military Sales contracts worth $20,868,105 to deliver Puma 3 All Environment unmanned aircraft systems (UAS) to two allied nations. These systems provide tactical reconnaissance for land and maritime operations, enhancing interoperability among U.S. and allied forces. The Puma 3 AE is noted for its portability and operational flexibility, making it a reliable choice for frontline forces. Over 50 allied governments currently utilize AeroVironment's unmanned systems.
AeroVironment (NASDAQ: AVAV), a leader in robotic systems, announced its participation in the William Blair What’s Next For Industrials Conference. Key executives, including CFO Kevin McDonnell and CTO Scott Newbern, will present virtually on September 22, 2022, at 12:00 p.m. PT / 3:00 p.m. ET. The company specializes in technology solutions that enhance actionable intelligence for defense, government, and commercial sectors. For more details, visit www.avinc.com.
AeroVironment (NASDAQ: AVAV) unveiled the Puma VNS, a cutting-edge visual-based navigation system for its small unmanned aircraft systems (SUAS), the Puma 2 AE and Puma 3 AE. This system allows precise aircraft location determination without GPS, enhancing navigational capabilities in GPS-contested environments. The Puma VNS will be available for new orders and existing systems as a retrofit kit. Operators can expect future software and hardware updates, boosting functionality and integrating advanced autonomy features, thereby improving mission confidence in challenging conditions.