AeroVironment is a leading player in the UAV industry, benefiting from increased military and commercial demand amid the Ukrainian-Russian conflict. AVAV's diversification into commercial markets, with products like the Quantix Recon and Vapor series, enhances revenue streams and meets growing UAV demand in agriculture and energy. While AeroVironment has a solid footing in the emerging small UA...
Military drone company AeroVironment landed its biggest defense contract ever last week: $1 billion to produce exploding drones for the Army. Spread over five years, the contract should add $198 million to annual revenue, and at least $0.59 per share in extra profit.
AeroVironment is a critical player in modern defense, driven by innovative drone technologies like the Switchblade and strong international demand. The company's recent earnings show robust growth, supported by major defense contracts, strategic M&A, and international partnerships. Despite short-term EPS declines due to scaling, AVAV's long-term outlook is strong, with expectations of sustained...
AeroVironment, Inc. (NASDAQ:AVAV ) Q1 2025 Earnings Conference Call September 4, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Vice President of Corporate Development and Investor Relations Wahid Nawabi - Chairman, President, and Chief Executive Officer Kevin McDonnell - Senior Vice President and Chief Financial Officer Conference Call Participants Ken Herbert - RBC Capital Markets ...
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AeroVironment” or the “Company”) reported today financial results for the fiscal first quarter ended July 27, 2024. First Quarter Highlights: Record first quarter revenue of $189.5 million up 24% year-over-year First quarter net income of $21.2 million and adjusted EBITDA of $37.2 million In August 2024 awarded U.S. Army Lethal Unmanned Sys...
AeroVironment, Inc.'s $1 billion U.S. Army contract significantly boosts its growth outlook and EBITDA margins, positioning it for sustained revenue visibility this decade. The contract win underscores AeroVironment's ability to secure large deals, enhancing its backlog and operational efficiency, especially for its Switchblade drone. With projected 17% top-line growth and 20% EBITDA growth, Ae...
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