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Related News
AeroVironment Backlog Hits US$1.5 Billion on Record Quarter
AeroVironment posted record US$480.5 million quarterly revenue and a 37 percent jump in funded backlog to US$1.5 billion, narrowing its net loss as its five-domain expansion strategy faces its first real financial test.
AeroVironment Lands First International LOCUST Order
AeroVironment secured its first international purchase order for the LOCUST directed-energy counter-drone system, worth more than US$50 million, six days after a record US$464.8 million US Army production contract for the same laser system.
AeroVironment Wins $464.8 Million Army Contract for LOCUST X3 Laser Weapons
AeroVironment secured a $464.8 million US Army contract to mass-produce its LOCUST X3 laser weapon, the first American production deal for a directed-energy defense system, backed by a $30 million Albuquerque manufacturing expansion.
AeroVironment Wins NASA Contract to Build Three Autonomous Mars Helicopters
AeroVironment's MacCready Works team will co-design and co-manufacture three autonomous helicopters for NASA's SkyFall mission, moving a 2025 Mars-flight concept into a funded program targeting a November 2028 launch.
AeroVironment Wins US$51 Million Army Order for Switchblade 600
AeroVironment booked a second Switchblade 600 loitering-munition order from the U.S. Army in six months, a US$51 million draw against its five-year IDIQ contract that signals the Army now treats the systems as a recurring, replenishment-driven buy rather than a one-off purchase.
AeroVironment Sets Up Greek Production Venture for Drones and Counter-Drone Systems
AeroVironment will establish an industrial presence in Greece through AV Eagle, a majority-owned joint venture with Athens-based Eyeonix SA, after completing a shareholders agreement and securing Greek foreign-investment approval. The venture targets operations in fiscal 2027 and production of unmanned aerial systems, loitering munitions, and counter-drone systems for European defense and civil protection customers by 2028 - the latest move in US autonomy firms localizing production into Europe.
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Wahid Nawabi (CEO)