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AeroVironment Inc (AVAV) delivers cutting-edge unmanned aircraft systems and defense solutions for government and security applications. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments, financial milestones, and technological advancements shaping modern defense capabilities.
Access authoritative coverage of AVAV's government contract awards, quarterly earnings reports, and product innovation announcements. Our curated collection includes press releases on tactical missile systems, high-altitude surveillance platforms, and emerging technologies critical to national security operations.
Key updates feature detailed analyses of Department of Defense partnerships, international expansion efforts, and R&D breakthroughs in unmanned aerial systems. Stay informed about operational developments impacting AVAV's position as a leader in defense technology through verified reporting from primary sources.
Bookmark this page for real-time updates on mission-critical innovations and corporate announcements. Regularly refreshed content ensures you maintain strategic awareness of factors influencing AVAV's market performance and defense sector leadership.
Kensington Capital Partners has announced the acquisition of ONE9's venture capital investment business, establishing itself as a market leader in National Security technologies investments. The deal includes acquiring a minority stake in ONE9 Capability Labs with an option for complete ownership upon meeting certain milestones.
ONE9, founded by former JTF2 Squadron Commander Glenn Cowan, specializes in defense, intelligence, and National Security investments. The acquisition follows a successful five-year collaboration between both firms, including investments in Tomahawk Robotics (sold to AeroVironment - AVAV in 2023) and Strider Technologies.
Through this strategic move, Kensington will leverage ONE9's brand and expertise to expand its platform, focusing on both direct investments in emerging technology companies and venture capital funds in the National Security sector. The transaction excludes ONE9's legacy investments, which will remain with the vendors.
AeroVironment (NASDAQ: AVAV) stockholders have overwhelmingly approved the issuance of common stock for the pending acquisition of BlueHalo , with over 99% of voted shares in favor. The approval represents a important milestone in AV's strategic transformation into a leading next-generation defense technology company.
The combined entity aims to focus on agile innovation and integrated all-domain solutions for defense priorities. The transaction is anticipated to close in May 2025, subject to customary closing conditions.
AV has secured a major contract through its subsidiary Telerob to deliver 41 advanced EOD/IED uncrewed ground vehicles (UGV) to the German Federal Armed Forces. The selected model, telemax™ HT300 UGV, will be used for explosive ordnance disposal and counter-IED missions.
Initial deliveries are scheduled for summer 2025, with additional orders extending through 2027. The UGVs will be manufactured at Telerob's facility in Ostfildern, Germany. The HT300 features an advanced manipulator arm and superior mobility capabilities for high-risk operations in complex terrain.
This contract represents one of Telerob's most significant awards in the past 15 years, strengthening their strategic partnership with the German Armed Forces.
AeroVironment (AV) has secured a Defense Innovation Unit (DIU) contract under Project Artemis to accelerate the deployment of next-generation autonomous precision munitions. The project focuses on testing and evaluating long-range, one-way uncrewed aircraft systems (UAS) for the Department of Defense.
The contract, awarded through an Other Transaction Authority (OT), aligns with Secretary Pete Hegseth's February 2025 directive exempting uncrewed systems from defense budget cuts. AV's platform features:
- GPS-denied, precision-strike capabilities
- Resilience against electronic warfare threats
- Software-defined architecture
- AVACORE™ autonomy software
- SPOTR-Edge™ computer vision
The company will participate in testing and integration efforts, with prototype demonstration targeted for May 2025. This initiative aims to accelerate procurement decisions for Services and Combatant Commands, delivering solutions years ahead of traditional acquisition timelines.
AeroVironment (AVAV) reported Q3 FY2025 financial results with mixed performance. Revenue declined 10% year-over-year to $167.6 million, impacted by unprecedented high winds and fires in Southern California. The company posted a net loss of $1.8 million, or $(0.06) per diluted share, compared to net income of $13.9 million in the prior year.
Despite challenges, AVAV achieved a record funded backlog of $763.5 million, driven by strong Switchblade and Jump-20 orders. The company announced a new Utah manufacturing facility to double Switchblade capacity. Segment performance showed UnCrewed Systems revenue down 44%, while Loitering Munitions Systems increased 46% and MacCready Works rose 28%.
For FY2025, AVAV updated guidance to revenue between $780-795 million and non-GAAP adjusted EBITDA of $135-142 million. The company expects to close the BlueHalo acquisition in Q2 calendar year 2025.
AeroVironment (NASDAQ: AVAV) has scheduled its third quarter fiscal year 2025 earnings release and conference call for March 4, 2025. The financial results for the quarter ended January 25, 2025, will be announced after market close, followed by a conference call and live audio webcast at 4:30 p.m. Eastern Time.
The earnings call will be led by Chairman, President, and CEO Wahid Nawabi, CFO Kevin P. McDonnell, and VP of Corporate Development and Investor Relations Jonah Teeter-Balin. Investors can register for the conference call up to 10 minutes before the event. A live audio webcast will be available through the company's Investor Relations website, with an audio replay archived afterward.
AeroVironment (AVAV) has unveiled the JUMP® 20-X, a next-generation Group 3 uncrewed aircraft system (UAS) at the 2025 International Defence Exhibition & Conference. This vertical takeoff and landing system features a 13-hour flight endurance, beyond-line-of-sight connectivity, and a 30-pound multi-payload capacity.
The system is designed for maritime operations with an advanced heavy-fuel engine supporting multiple fuel types. Key capabilities include ISR, Synthetic Aperture Radar, Wide-Area Surveillance, Signals Intelligence, Electronic Warfare, and precision strike options.
The JUMP 20-X incorporates AI-powered autonomy for precise takeoff and landing on moving ships, alongside SPOTR-Edge™ computer vision technology for automated object detection. Built on an open-architecture framework, it ensures interoperability across joint, allied, and coalition forces.
AeroVironment (AVAV) announced the establishment of FreedomWerx, a 200,000-square-foot advanced manufacturing facility in Salt Lake City, Utah. The facility, part of AV's distributed production strategy, will enhance the company's capacity to deliver precision-strike autonomous systems to government and defense partners.
The strategic location near Salt Lake City International Airport optimizes logistics and supply chain efficiencies. The company plans to create over 500 high-paying jobs, contributing to Utah's economic growth and defense innovation sector.
FreedomWerx is expected to begin production in the second half of 2025, focusing on manufacturing Loitering Munitions Systems. The facility represents AV's approach to maintaining multiple, strategically located production sites to mitigate risks from natural disasters, security threats, and geopolitical disruptions.
AeroVironment (AVAV) has secured a significant contract from the Danish Defence Acquisition and Logistics Organisation (DALO) with a ceiling value of $181 million to provide JUMP® 20 medium uncrewed aircraft systems to the Danish Armed Forces. The 10-year program of record will enhance Denmark's intelligence, surveillance, and reconnaissance capabilities.
The JUMP 20 is a vertical take-off and landing fixed-wing UAS featuring 13+ hours of endurance and a 185 km operational range. The system boasts a 30-pound modular payload capacity and has accumulated over 300,000 operational flight hours. Key features include runway independence, autonomous launch and landing capabilities, and easy transportability.
This contract strengthens AeroVironment's position in the global autonomous solutions market and builds upon their existing relationship with the Danish Ministry of Defence.
AeroVironment (AVAV) has secured a $288 million delivery order for Switchblade® loitering munition systems from the U.S. Army. This marks the third delivery order under a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a ceiling value of $990 million, announced in August 2024.
The Switchblade system represents the next generation of extended-range loitering munition systems, offering multi-mission capabilities and multi-domain operations. The combat-proven system features high-precision optics and extended loitering endurance. AV emphasizes its reliable supply chain and manufacturing capacity to fulfill this important contract.
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