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ARLINGTON, Va.--(BUSINESS WIRE)---- $avav #JUMP20--AV Showcases JUMP 20's Advanced Maritime Capabilities at NATO REPMUS Demonstration.
ARLINGTON, Va.--(BUSINESS WIRE)---- $avav #aerovironment--AV Secures $743 Million Additional Contract Ceiling for Switchblade Loitering Munition Systems.
ARLINGTON, Va.--(BUSINESS WIRE)---- $avav #UAV--AV Unveils P550: Autonomous Group 2 eVTOL UAS, Ushers in a New Era of Battlefield Adaptability and Mission Flexibility for Maneuver Forces.
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment (AV) flight-tested an upgraded Sunglider™, enhancing its High-Altitude Platform-Station (HAPS) capabilities for commercial and government markets. The result is Horus™ A, the new version of Sunglider for government applications. Horus A is a solar-powered UAS capable of carrying up to 150 lb of payload with 1.5 kW of available power, offering industry-leading stratospheric performance.
AeroVironment has been told to continue production of its Switchblade drone. A $990 million contract award for the Switchblade is under protest, which delayed deliveries.
The U.S. Army will still be buying kamikaze munitions from AeroVironment while a protest to a prior award is adjudicated. The objection from other suppliers had hammered shares.
The government hit the pause button on a lucrative contract. This concerned the provision of Switchblade drones.
Here is how AeroVironment (AVAV) and Leonardo DRS, Inc. (DRS) have performed compared to their sector so far this year.
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 UAV market, the company faces a growing number of geopolitical and competitive threats.
The mean of analysts' price targets for AeroVironment (AVAV) points to a 25.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.