AeroVironment, Inc. uses SEC filings to document material events, executive leadership changes, compensation arrangements, operating results and public-company security information. Form 8-K disclosures identify the company's Nasdaq-listed common stock and report appointments for senior finance and operating roles, retirement-transition arrangements and adoption of a nonqualified deferred compensation plan.
Other filings furnish financial results and Regulation FD materials, and disclose government program matters involving BADGER phased array antenna systems for the SCAR program. The filing record also covers governance items, material agreements and capital-structure disclosures relevant to AeroVironment's defense technology operations.
AeroVironment Inc EVP and Chief Legal Officer Melissa Ann Brown reported routine equity compensation activity. She acquired 9,175 shares of common stock upon conversion of performance restricted stock units and 3,670 performance restricted stock awards vested into common stock. In connection with vesting, 3,590 shares were tendered at $139.00 per share to satisfy tax withholding obligations through a net settlement. Following these transactions, she holds 25,154 shares of AeroVironment common stock directly.
AeroVironment, Inc. files its annual report outlining a diversified defense technology business across autonomous systems, space, cyber and directed energy. Following the BlueHalo acquisition in May 2025, it now reports two segments: Autonomous Systems and Space, Cyber and Directed Energy.
The company serves primarily the U.S. Department of Defense and other U.S. agencies, with government-related sales representing about 85% of revenue for the year ended April 30, 2026; the U.S. Army accounted for roughly 25% and other U.S. government customers 47%, while foreign customers contributed 28%. Funded backlog was approximately $1,183.0 million as of April 30, 2026, with about 85% expected to convert to revenue in fiscal 2027.
AeroVironment invests heavily in innovation, spending $127.7 million, or 6% of revenue, on internal R&D in fiscal 2026 and holding 407 U.S. patents and 64 pending applications as of April 30, 2026. The company employed 3,991 full-time and 100 part-time staff at that date. It highlights significant dependence on U.S. government budgets, evolving AI regulation, supply chain and rare earth risks, and intensifying competition across UAS, precision strike, C‑UAS, space, cyber and mission solutions markets.
AeroVironment, Inc. reported a huge jump in results for its fiscal 2026 fourth quarter and full year, driven by major acquisitions and strong demand across its defense technology portfolio. Fourth quarter revenue reached $641.6 million, up 133% from $275.1 million a year earlier, with product sales of $499.0 million and contract services of $142.7 million. Q4 gross margin rose to $202.6 million, though margin percentage slipped to 32% from 36% as service revenue and non-cash purchase accounting costs increased. Q4 net income was $63.2 million, or $1.25 per diluted share, and non-GAAP adjusted EBITDA was $140.1 million.
For fiscal 2026, revenue nearly doubled to $2.0 billion, but the company reported a net loss of $265.1 million, or $5.40 per share, mainly due to $240.7 million of goodwill impairment and heavy amortization from acquisitions. Full-year non-GAAP adjusted EBITDA was $286.1 million, and funded backlog grew to $1.2 billion as of April 30, 2026, compared with $726.6 million a year earlier. For fiscal 2027, AeroVironment targets revenue between $2.125 billion and $2.225 billion, non-GAAP adjusted EBITDA between $305 million and $325 million, GAAP net income between $8 million and $24 million, and non-GAAP earnings per diluted share between $3.02 and $3.34.
AeroVironment Inc director Lynn William III has filed an initial Form 3 ownership report. This filing identifies him as a director of the company and provides a baseline disclosure of his status as an insider. The data provided does not show any reportable buy, sell, or other share transactions.
AeroVironment, Inc. reported that its Board of Directors has appointed William J. Lynn III as a Class I director, effective June 24, 2026. At the same time, the Board reduced its size from ten to nine directors, so Lynn fills an existing seat rather than expanding the Board.
The term of the Company’s Class I directors, including Lynn, runs until the 2026 Annual Meeting of Stockholders or until successor directors are elected and qualified. The Company states there are no special arrangements behind his selection, no family relationships with current leadership, and no related-party transactions requiring disclosure. Lynn will receive the same compensation structure as other non-employee directors and has entered into the Company’s standard indemnification agreement.
AeroVironment also furnished a press release announcing Lynn’s appointment, highlighting his prior roles as Chairman and CEO of Leonardo DRS and as U.S. Deputy Secretary of Defense, and describing AeroVironment’s position as a defense technology company focused on autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities.
Arlington Capital–affiliated funds have updated their ownership and governance relationship with AeroVironment, Inc. Altitude V directly holds 6,728,262 shares of common stock, representing about 13.5% of AeroVironment, and Altitude VI holds 5,307,628 shares, or about 10.6%, based on 49,933,993 shares outstanding as of March 4, 2026. The filing states that related Arlington Capital vehicles may be deemed to share beneficial ownership and sole voting and dispositive power over these shares.
The amendment also reports that Arlington designees David Wodlinger and Henry Albers resigned from AeroVironment’s board effective June 17, 2026, and that both indicated their resignations were not due to any disagreement with management on operations, policies, or practices. Following their departures, the board has eight directors, and the shareholder group retains the contractual right to designate two successor directors, though no successors have been named as of the report date. The reporting persons state they have not traded AeroVironment stock in the past sixty days.
AeroVironment, Inc. filed an amended quarterly report to restate its unaudited results for the three and nine months ended January 31, 2026 after finding an error in the goodwill impairment analysis for its Space reporting unit. The correction increased the goodwill impairment charge by $89.4 million to $240.7 million, raising the nine‑month net loss to $328.3 million, or $6.73 per share, and reduced goodwill and total stockholders’ equity by the same $89.4 million and $87.3 million amounts, respectively.
Despite the loss, the business expanded sharply. Revenue rose to $408.0 million for the quarter and $1.34 billion for the nine months, supported by the May 2025 acquisition of BlueHalo, which added significant intangibles and goodwill and lifted total assets to $5.36 billion. The company closed a $3.48 billion BlueHalo transaction, issued 17.4 million shares as part of the consideration, raised about $1.01 billion in common equity and issued $747.5 million of 0% Convertible Senior Notes due 2030.
Management concluded there is a newly identified material weakness in internal control over financial reporting related to the preparation and review of the goodwill impairment analysis, and determined disclosure controls and procedures were ineffective as of January 31, 2026. AeroVironment reported funded backlog of about $1.12 billion and ended the period with $289.9 million of cash and cash equivalents, but used $173.9 million of cash in operating activities during the first nine months.
AeroVironment, Inc. is restating its unaudited financial statements for the three and nine months ended January 31, 2026 after identifying an error in the goodwill impairment analysis for its Space reporting unit. The correction increases the goodwill impairment by $89.4 million, raising net loss to $243.9 million for the quarter and $328.3 million for the nine-month period. The company says the error is non-cash and did not affect revenue, current assets or liabilities, cash used in operations, Adjusted EBITDA, or non-GAAP diluted EPS. Management concluded there is a newly identified material weakness in internal control over financial reporting related to goodwill impairment testing and that disclosure controls and procedures as of January 31, 2026 were ineffective. The company directs investors to rely on the amended Form 10-Q/A instead of prior communications. Separately, directors David Wodlinger and Henry Albers resigned from the board, stating their departures are not due to disagreements with management; the major shareholder that designated them retains the right to name two successors.
AeroVironment Inc director Stephen F. Page reported an insider transaction involving shares held through the Stephen F. Page Living Trust. On June 15, 2026, the trust sold 250 shares of Common Stock at $174.41 per share in an open-market transaction.
The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by the trust on September 30, 2025. Following the sale, the trust held 49,001 AeroVironment shares indirectly, and a separate holding line shows 1,705 shares held directly by Mr. Page.
AeroVironment Inc director Stephen F. Page reported an open-market sale of common stock executed by the Stephen F. Page Living Trust under a pre-arranged Rule 10b5-1 trading plan. The trust sold 250 shares at $162.31 per share and held 49,251 shares indirectly after the transaction, while Page also held 1,705 shares directly.