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. ("AV") (NASDAQ: AVAV) regularly issues news and updates that reflect its role as a defense technology company operating across air, land, sea, space, and cyber. Its announcements highlight developments in autonomous systems, loitering munitions, counter‑UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities, often in connection with U.S. and allied defense programs.
Recent news releases describe new product introductions, contract awards, technology demonstrations, and corporate events. Examples include the launch of VideoRay’s Mission Specialist Wraith unmanned underwater vehicle for demanding subsea missions, contracts to provide Mission Specialist Defender remotely operated vehicles to the U.S. Coast Guard, and deliveries of LOCUST Laser Weapon Systems integrated on military vehicle platforms as part of U.S. Army directed energy prototyping efforts.
AV also reports on uncrewed aircraft system initiatives, such as the all-battery electric P550 Group 2 eVTOL UAS for the U.S. Army’s Long Range Reconnaissance program and foreign military sales contracts covering JUMP 20, P550, Puma, Raven, and Titan C‑UAS systems. Additional news covers collaborations with partners on electronic warfare payloads for autonomous VTOL aircraft, participation in defense technology exercises, and corporate activities like conference presentations and leadership appointments.
This news page aggregates such company-issued updates and related coverage, giving investors and observers a single place to review AeroVironment’s latest disclosures on contracts, product capabilities, demonstrations, financial results announcements, and governance matters. For those tracking AVAV, the feed provides ongoing insight into how the company presents its technologies, customer engagements, and strategic priorities over time.
AeroVironment (NASDAQ: AVAV) announced the award of a $22 million task order from the U.S. Special Operations Command (USSOCOM) for ISR services using its JUMP® 20 unmanned aircraft system. This contract, effective from May 21, 2021, will last 12 months with options for extensions. The JUMP 20 offers extended operational capabilities, including SATCOM for beyond line of sight operations, and features runway independence, a range of 185 km, and a payload capacity of 30 pounds. This system's design aims to enhance operational efficiency for military applications.
AeroVironment (NASDAQ: AVAV) has launched Crysalis™, a next-generation ground control solution designed for unmanned aircraft systems (UAS). Crysalis integrates hardware and software to enhance user experience and operational efficiency.
The system features an intuitive interface, cross-compatibility with major operating systems, and various configurations for mission adaptability. Crysalis aims to streamline command control, enabling warfighters to make rapid tactical decisions through improved situational awareness and collaboration.
AeroVironment reported record financial results for Q4 and FY 2021, with revenues of $136.0 million and $394.9 million, respectively. The diluted EPS from continuing operations was $0.96 for FY 2021. A strategic acquisition of Arcturus UAV boosted the Medium Unmanned Aircraft Systems segment. Despite these successes, operating income decreased to $17.8 million in Q4 due to rising SG&A and R&D costs, leading to a net income drop to $10.9 million. Looking ahead, FY 2022 guidance suggests revenues between $560 million and $580 million.
AeroVironment, Inc. (NASDAQ: AVAV) will release its financial results for the fourth quarter and full fiscal year ending April 30, 2021, on June 29, 2021, after market close. A conference call to discuss these results will be hosted by management at 1:30 PM PT. Investors can access the live audio webcast through the company's Investor Relations website. An audio replay will be available from June 29 through July 6, 2021. AeroVironment specializes in multi-domain robotic systems, serving defense, government, and commercial sectors.
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.
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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.
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