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) appointed Cindy Lewis to its board of directors effective August 10, 2021. With over 30 years in the Aerospace and Defense industry, Lewis has led AirBorn Consolidated Holdings as CEO since 1998, transforming it into a mid-market electronics company. Concurrently, Arnold Fishman will retire from the board, marking the end of his tenure that began in 1998. CEO Wahid Nawabi expressed confidence in Lewis's ability to enhance AeroVironment's portfolio and growth strategy, particularly in technology commercialization and capital deployment.
AeroVironment, Inc. (NASDAQ: AVAV) announced the launch of standardized modular payload interface kits for its RQ-20B Puma tactical unmanned aircraft systems. This initiative, established by USSOCOM, aims to enhance integration of third-party payloads onto the RQ-20B Puma, allowing for faster deployment and reduced costs. The company received an initial order for these kits from USSOCOM, with deliveries expected by November 2021. AeroVironment's tactical UAS leads the DoD inventory, with a growing international customer base exceeding 50 allied governments.
AeroVironment (NASDAQ: AVAV), a leader in intelligent robotic systems, announced key presentations scheduled for the Jefferies Virtual Industrials Conference on August 3, 2021, at 10:30 a.m. PT and the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, at 10:30 a.m. PT. Presenting will be CEO Wahid Nawabi, CFO Kevin McDonnell, and Senior Director Jonah Teeter-Balin. Live audio webcasts of the presentations will be accessible on the company's website, with replays available for 90 days.
AeroVironment (NASDAQ: AVAV) has secured two firm-fixed-price orders worth $15,940,378 from the United States Air Force. The orders, received on April 19 and May 6, 2021, involve the procurement of Puma 3 AE unmanned aircraft systems and Raven UAS spare parts. The Puma 3 AE was delivered on April 30, 2021, while Raven spares are expected by November 2021. These systems are designed to enhance situational awareness for Air Force Security Forces during operations.
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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