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 (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.
AeroVironment (NASDAQ: AVAV) has been awarded a contract for the Future Tactical Unmanned Aircraft System (FTUAS) program from the U.S. Army, announced on February 28, 2023. This contract includes Increment 2, which is the final phase in the program aimed at replacing the RQ-7B Shadow UAS. Notably, AeroVironment is the only company to secure awards for all FTUAS increments. The JUMP® 20 system will compete to replace the aging technology, highlighting AeroVironment's successful track record demonstrated through prior contracts. The company aims to meet evolving Army demands with its mature capabilities.
AeroVironment, Inc. (NASDAQ: AVAV) will release its fiscal third-quarter financial results for the period ending January 28, 2023, on March 6, 2023, after market close. Following the announcement, management, including CEO Wahid Nawabi, will host a conference call at 4:30 PM ET to discuss the results. Investors can register for the call or listen via the company's Investor Relations webpage. The session will provide insights into the company's performance and future outlook, reinforcing AeroVironment's position as a leader in intelligent robotic systems serving defense and commercial sectors.
AeroVironment, Inc. (NASDAQ: AVAV), a leader in intelligent robotic systems, announced its participation in the Imperial Capital Advanced Manufacturing & Supply Chain Conference. Key executives, including CEO Wahid Nawabi, CFO Kevin McDonnell, and Senior Director Jonah Teeter-Balin, will present on February 9, 2023, at 3:00 p.m. PT (6:00 p.m. ET). The company specializes in technology solutions integrating robotics, sensors, software analytics, and connectivity, serving defense, government, and commercial sectors. For more details, visit www.avinc.com.
AeroVironment reported Q2 fiscal 2023 results with revenue of $111.6 million, down 9% from last year. The company raised its fiscal 2023 revenue guidance to $505 million - $525 million, supported by record backlog of $388.2 million. Key highlights include strong bookings of $197.3 million and a historic $86 million FMS order. However, net loss stood at $6.7 million or $(0.27) per diluted share, as gross margins fell to 23% from 35%. Increased R&D investments may impact profitability outlook.
AeroVironment (NASDAQ: AVAV) announced it will release its financial results for the second quarter ended October 29, 2022, after market close on December 6, 2022. Management, including CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Jonah Teeter-Balin, will host a conference call at 4:30 PM ET to discuss the results. Investors can register for the call or listen through the company's Investor Relations website. An audio replay will be available afterward.
AeroVironment, Inc. (NASDAQ: AVAV) announced that CFO Kevin McDonnell and Senior Director Jonah Teeter-Balin will present at the Baird Global Industrial Conference on November 8, 2022, at 8:50 a.m. PT. The presentation will highlight the company's advancements in intelligent, multi-domain robotic systems serving defense, government, and commercial sectors. Investors can access the presentation on the AeroVironment website. The company is noted for its innovative technology solutions that integrate robotics, sensors, software analytics, and connectivity.
AeroVironment, Inc. (NASDAQ: AVAV) is hosting an Investor and Analyst Event in Petaluma, California today at 9:00 AM PT. The event features presentations from CEO Wahid Nawabi, CFO Kevin McDonnell, and other executives. An 8-K filing accompanying the release includes presentation materials for attendees. The presentation slides will be available on the company's investor relations website, along with a video of the session post-event. AeroVironment specializes in robotics and intelligent systems serving defense and commercial sectors.
AeroVironment (NASDAQ: AVAV) will host an Investor and Analyst Event on October 5, 2022, starting at 8:30 AM PT. This event will feature presentations from key executives, including CEO Wahid Nawabi and CFO Kevin McDonnell. Following the event, a video recording and presentation slides will be accessible on AeroVironment's website under the Events and Presentations section. The company, based in Virginia, is known for its advanced multi-domain robotic systems, serving defense, government, and commercial sectors.
AeroVironment (NASDAQ: AVAV) announced a firm-fixed-price contract worth $20.6 million from the U.S. Army for its Switchblade® 300 tactical missile systems, awarded on August 18, 2022. The contract is set for delivery by July 2023 and is managed by the U.S. Army Contracting Command in Redstone Arsenal. The Switchblade 300 enhances soldiers' capabilities for precision strikes with minimal collateral damage, offering tactical advantages in various deployment scenarios.
AeroVironment, Inc. (NASDAQ: AVAV) has secured two U.S. Department of Defense Foreign Military Sales contracts worth $20,868,105 to deliver Puma 3 All Environment unmanned aircraft systems (UAS) to two allied nations. These systems provide tactical reconnaissance for land and maritime operations, enhancing interoperability among U.S. and allied forces. The Puma 3 AE is noted for its portability and operational flexibility, making it a reliable choice for frontline forces. Over 50 allied governments currently utilize AeroVironment's unmanned systems.
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