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AeroVironment Inc. - AVAV STOCK NEWS

Welcome to our dedicated news page for AeroVironment (Ticker: AVAV), a resource for investors and traders seeking the latest updates and insights on AeroVironment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AeroVironment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AeroVironment's position in the market.

Rhea-AI Summary
AeroVironment, Inc. (AVAV) reported a 62% year-over-year increase in revenue to $180.8 million, with net income of $17.8 million and Adjusted EBITDA of $39.5 million. The company raised its fiscal year 2024 revenue guidance to $685-705 million, reflecting strong demand and successful acquisition of Tomahawk Robotics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.15%
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Rhea-AI Summary
AeroVironment, Inc. (NASDAQ: AVAV) announced the appointment of General Joseph L. Votel as a Class III director on its Board of Directors. General Votel, a highly accomplished military commander with four decades of service, brings vital perspectives to the company at a critical inflection point. His guidance and strategic counsel will be vital to meeting the needs of the nation and allies around the globe. General Votel's unique offerings to the current needs of the military and allies are expected to keep the company at the cutting edge of military capabilities in the years ahead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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management
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Rhea-AI Summary
AeroVironment, Inc. (AVAV) will release Q2 financial results on December 5, 2023. The management team will host a conference call and live webcast to discuss the results. Investors can access the call via the provided registration link or listen to the webcast on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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Rhea-AI Summary
AeroVironment, Inc.: AeroVironment, Inc. participated in the Arcane Thunder 23 (AT23) operational exercise in Europe, showcasing the JUMP 20 Group 3 unmanned aircraft system's (UAS) ability to support multi-domain operations. The exercise aimed to validate and test the integration of effects in various domains, including air, land, sea, space, and cyberspace. AeroVironment, in collaboration with CACI and with support from the U.S. Army's 2nd Multi-Domain Task Force (2nd MDTF), demonstrated the JUMP 20 UAS with multiple Electronic Warfare (EW) payloads and delivered real-time data at the point of need. The company's role in AT23 highlights the adaptability of the JUMP 20 platform to meet the needs of modern warfighters and outmatch adversaries in a changing landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
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Rhea-AI Summary
AeroVironment, Inc. (NASDAQ: AVAV) announced that its JUMP 20 VTOL Medium UAS exceeded expectations during the U.S. Naval Forces Southern Command/4th Fleet Hybrid Fleet Campaign Event. The JUMP 20 showcased its ability to launch and recover at vessel speeds over 20 knots, with fully autonomous flight from takeoff to landing, maximizing operational safety and flexibility for users.
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Rhea-AI Sentiment
End-of-Day
2.45%
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Rhea-AI Summary
AeroVironment, Inc. (NASDAQ: AVAV) will be participating in the Baird Global Industrial Conference in Chicago on November 7-8. The company's chairman, president, and CEO, Wahid Nawabi, and CFO, Kevin P. McDonnell, will present at the event. The presentation will be available on the AeroVironment website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
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conferences
Rhea-AI Summary
AeroVironment to present at William Blair What’s Next for Industrials Conference on September 27-28.
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End-of-Day
-0.85%
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conferences
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Rhea-AI Summary
AeroVironment completes acquisition of Tomahawk Robotics for $120 million, enabling integration of AI and autonomy into its platforms.
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Rhea-AI Sentiment
End-of-Day
0.56%
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Rhea-AI Summary
AeroVironment to present at RBC Capital Markets Global Industrials Conference on September 12.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
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conferences
Rhea-AI Summary
AeroVironment reports Q1 revenue of $152.3 million, up 40% YoY, and net income of $21.9 million. Record funded backlog of $539.7 million. Raising revenue and Non-GAAP adjusted EBITDA guidance ranges for FY2024. Acquisition of Tomahawk Robotics expected to enhance product portfolio. Outlook for FY2024: revenue of $645-675 million, net income of $51-59 million, Non-GAAP adjusted EBITDA of $117-127 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.74%
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AeroVironment Inc.

Nasdaq:AVAV

AVAV Rankings

AVAV Stock Data

4.21B
27.55M
1.07%
87.94%
2.65%
Small Arms Ammunition Manufacturing
Manufacturing
Link
US
Simi Valley

About AVAV

since aerovironment's beginnings more than 45 years ago, our scientists and engineers have sought innovative solutions to many of our most difficult security, energy and infrastructure management challenges. but as remarkable as our products are, it's the actionable intelligence they provide our customers that most clearly defines our company. from the moment we developed our breakthrough unmanned aircraft systems, we understood their primary benefit—giving people the ability to see the situation ahead. with aerovironment's sophisticated eyes in the sky, we could provide life-saving intelligence, reconnaissance and surveillance for our troops on the battlefield. today, aerovironment has become the acknowledged expert and largest supplier of small, unmanned aircraft systems (uas) to the pentagon and to dozens of allied nations. as effective as our small uas have become on the battlefront, they promise to be equally life-saving on the home front. aerovironment's family of integrated and