ARLINGTON, Va.--(BUSINESS WIRE)--The U.S. Government Accountability Office (GAO) has denied the protest filed on September 6, 2024, challenging the U.S. Army's sole-source award of a $990 million contract for AV's Switchblade systems. This decision reaffirms confidence in the integrity of the Army's procurement process and its thorough evaluation of operational requirements. AV is proud to cont...
Drone stocks have gotten a tailwind from mysterious sightings over New Jersey. Axon and AeroVironment are among those who stand to benefit, William Blair said.
Shares of Red Cat Holdings surged over 25% on Monday after news broke of its partnership with Palantir to integrate advanced visual navigation software into its drones.
AeroVironment, Inc. is leading a transformative shift in modern warfare with its innovative drone technology and strong backlog, despite near-term challenges like weaker margins and geopolitical uncertainties. The company's strategic acquisitions, like BlueHalo, and products such as Switchblade and P550, position it well for future growth in drone warfare and surveillance. Despite a premium val...
AeroVironment's NASDAQ: AVAV December price contraction is a buying opportunity because of its position as a next-gen defense contractor, solid results, growth, guidance, analyst trends, and the institutions buying this stock like mad. The institutional activity is noteworthy because the group owns more than 85% of the stock, has been buying on balance quarterly in 2024, and the balance of acti...
News of an uninspiring quarter sent AeroVironment (AVAV -15.88%) investors heading for the exits earlier this week.
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