AeroVironment

AeroVironment, Inc. (Nasdaq: AVAV) is a global leader in intelligent, multi-domain robotic systems headquartered in Arlington, Virginia. Founded in 1971 by Dr. Paul B. MacCready, the company designs and manufactures unmanned aircraft systems (UAS) and loitering munition systems for military, government and commercial applications. AeroVironment went public in 2007 and has since established itself as a key provider of tactical UAS and related services to the US Department of Defense and allied nations.

AeroVironment's product portfolio includes a wide range of unmanned aircraft systems for various missions:

• Puma: A hand-launched UAS for mid-range reconnaissance with over 14 hours of flight endurance

• Raven: A lightweight, hand-launched UAS widely used by US military forces

• Wasp: The company's smallest UAS for short-range surveillance missions

• JUMP 20: A vertical takeoff and landing fixed-wing UAS with 14+ hours endurance

• Switchblade: A loitering munition system in 300 and 600 variants for precision strike missions

• VAPOR: A vertical takeoff and landing helicopter UAS for various mission types

AeroVironment has seen significant growth in demand for its loitering munition systems in recent years. In fiscal year 2024, the company's loitering munitions segment achieved record quarterly revenue, more than doubling year-over-year. AeroVironment is actively engaged with over 20 countries interested in acquiring its Switchblade system. The company is also pursuing major US Army programs and is involved in the Department of Defense's Replicator initiative for high-volume production of autonomous systems. In March 2024, AeroVironment raised its fiscal year 2024 revenue guidance to USD 700 million to USD 710 million, anticipating double-digit top line growth to continue in fiscal year 2025.