AVAV Stock Recent News

ARLINGTON, Va.--(BUSINESS WIRE)---- $avav #GOEO--AV Expands U.S. Manufacturing in Salt Lake City, Utah with FreedomWerx, a State-of-the-Art Facility Driving Innovation and Growth.

In the closing of the recent trading day, AeroVironment (AVAV) stood at $179.35, denoting a -1.54% change from the preceding trading day.

The latest trading day saw AeroVironment (AVAV) settling at $185.96, representing a -0.09% change from its previous close.

Drone specialist AeroVironment (AVAV 7.60%) saw its stock gain notable altitude on Tuesday, thanks to an update from the company on a lucrative government contract. The company's share price soared almost 8% higher on the day, comparing very favorably to the S&P 500's (^GSPC 0.72%) relatively marginal (0.7%) rise.

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, today announced it has been awarded its third delivery order totaling $288 million of Switchblade® loitering munition systems as part of U.S. Army's Directed Requirement (DR) for Lethal Unmanned Systems (LUS). The delivery is part of a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract from Army Contracting Command-Aberdeen Proving Ground, with a contract ceiling value of $990 million, announced in August 2024.

The days of robots being primarily limited to manufacturing applications are long gone—the industry is expanding rapidly and becoming integrated into many different sectors thanks to rapid developments in AI and automation. Analysts expect this to lead to major growth for the industry in the years to come, with an anticipated CAGR of more than 15% in the coming seven years to reach a size of nearly $170 billion globally by 2032.

The latest trading day saw AeroVironment (AVAV) settling at $164.66, representing a +1.57% change from its previous close.

Kenny Polcari turns to companies which experienced recent downtrends that he believes can see bullish breakouts. He notes PepsiCo (PEP) as a major dividend grower, AeroVironment (AVAV) as a beneficiary to geopolitical issues, and Merck's (MRK) deals as growth drivers.

ARLINGTON, Va.--(BUSINESS WIRE)---- $avav #army--AV Announces Second Delivery Order on $990 Million Contract with U.S. Army.

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