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) reported strong Q3 fiscal 2021 results, achieving revenue of $78.8 million, a 27% year-over-year increase. Gross margin rose to $28.6 million (+22%), with diluted EPS at $0.01 (+$0.05) and non-GAAP EPS at $0.14 (+$0.15). The company is confident in future growth due to three transformative acquisitions, expanding into new UAS markets and technologies. Despite challenges, they aim for double-digit growth and narrowed FY 2021 revenue expectations to $400-$410 million. Outlook for FY 2022 anticipates revenue between $560-$580 million.
AeroVironment, Inc. (NASDAQ: AVAV) will announce its financial results for the third quarter ended January 30, 2021, after market close on March 9, 2021. The management team, including CEO Wahid Nawabi and CFO Kevin P. McDonnell, will host a conference call at 1:30 PM PT to discuss the results. Investors can join the live audio webcast on the company's Investor Relations website. An audio replay will be available after the call until March 16, 2021. AeroVironment specializes in unmanned aircraft and tactical missile systems, serving defense and commercial sectors.
AeroVironment, Inc. (NASDAQ: AVAV) has completed the acquisition of Arcturus UAV, Inc. for approximately $405 million. This acquisition enhances AeroVironment's unmanned aircraft systems portfolio, adding the JUMP 20 and T-20 platforms. Arcturus UAV was previously selected for a $975 million contract by USSOCOM, recognizing its capabilities in intelligence, surveillance, and reconnaissance. The deal aims to improve long-term shareholder value by expanding market reach and product offerings.
AeroVironment (NASDAQ: AVAV), a leader in unmanned aircraft systems, announced that Steven A. Gitlin, CMO and VP of Investor Relations, will present at Cowen’s Aerospace/Defense and Industrials Conference on February 10, 2021, at 09:40 a.m. PT / 12:40 p.m. ET. A live audio webcast of the presentation will be accessible on their website, with a replay available for 90 days. Celebrating 50 years of innovation, AeroVironment provides advanced technology solutions for defense and commercial customers, emphasizing robotics and software analytics.
AeroVironment (NASDAQ: AVAV) announced its acquisition of Arcturus UAV for $405 million—$355 million in cash and $50 million in stock. This strategic move aims to enhance AeroVironment's capabilities in Group 2 and 3 unmanned aircraft systems (UAS), targeting over $1 billion in annual contracts. With a robust growth track record, Arcturus UAV will bolster AeroVironment's market position and broaden its customer base. The deal is projected to positively impact adjusted EBITDA and diluted earnings per share starting fiscal year 2022, closing by Q4 FY2021.
AeroVironment (NASDAQ: AVAV), a leader in unmanned aircraft systems, announced that Steven A. Gitlin, CMO and VP of Investor Relations, will present at the Needham Virtual Growth Conference on January 14, 2021, at 12:30 p.m. PT / 3:30 p.m. ET. A live audio webcast of the presentation will be accessible on AeroVironment's website, with a replay available for 90 days. Celebrating 50 years of innovation, AeroVironment serves defense, government, and commercial customers with advanced technology solutions.
AeroVironment (NASDAQ: AVAV) has launched the Extended Range Antenna (ERA), enhancing its unmanned aircraft systems (UAS) capabilities. The ERA allows for command and control range expansion up to 40 kilometers (24.9 miles) while maintaining a compact size. Users can switch between omnidirectional and extended range modes, supporting critical missions with enhanced stealth and safety. This product complements AeroVironment's existing connectivity solutions, which include various antennas catering to different operational ranges and frequency bands.
AeroVironment (NASDAQ: AVAV) reported a 11% revenue increase to $92.7 million for Q2 fiscal 2021, despite COVID-19 challenges. Non-GAAP EPS rose to $0.48, while GAAP EPS fell to $0.09 due to an $8.4 million impairment in its HAPSMobile joint venture. AeroVironment announced the acquisition of Telerob for approximately $45.4 million, anticipated to enhance its robotics portfolio. Funded backlog declined to $130.6 million. The company maintains a revenue forecast of $390-$410 million for fiscal 2021, with adjusted EPS guidance between $1.28 and $1.48.
AeroVironment (NASDAQ: AVAV) has announced its acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH for approximately $45.4 million in cash, with an additional earn-out of $7.3 million based on performance milestones. Telerob, renowned for its advanced unmanned ground vehicle solutions, complements AeroVironment's capabilities in delivering intelligent robotic systems. The acquisition is expected to enhance AeroVironment's market position and broaden its mission offerings, particularly in defense and security sectors. This transaction is projected to be accretive to earnings within two years.
AeroVironment (NASDAQ: AVAV) will announce its financial results for Q2 ended October 31, 2020, after market close on December 8, 2020. The management team, including CEO Wahid Nawabi and CFO Kevin P. McDonnell, will discuss results in a conference call at 1:30 PM PT. Interested investors can listen via the company's Investor Relations website or dial in using provided numbers. An audio replay will be available from December 8 to December 15, 2020. AeroVironment is a leader in unmanned aircraft systems, providing technology solutions to defense and commercial sectors.
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