Aerovironment Stock Price, News & Analysis

AeroVironment (NASDAQ: AVAV) has announced proposed underwritten public offerings totaling $1.35 billion, consisting of a $750 million common stock offering and $600 million in convertible senior notes due 2030. The company is granting underwriters 30-day options to purchase additional shares worth up to $112.5 million and additional notes worth up to $90 million to cover over-allotments.

The proceeds will be used to repay existing debt under the company's term loan and revolving credit facility, with any remainder allocated for general corporate purposes, including manufacturing capacity expansion. J.P. Morgan and BofA Securities are serving as lead book-running managers for both offerings, with Raymond James acting as joint book-running manager for the Convertible Notes Offering.

The offerings are subject to market conditions and are not contingent upon each other's completion. The company has filed registration statements and preliminary prospectus supplements with the SEC for both offerings.

AeroVironment (NASDAQ: AVAV) announced significant progress in its Wildcat uncrewed aircraft system (UAS) development for DARPA's ANCILLARY program's EVADE demonstration. The Group 3 VTOL aircraft has achieved key milestones including successful VTOL-to-forward-flight transitions and validation of core flight and propulsion systems.

The Wildcat, designed for maritime operations in high sea states, features autonomous launch and recovery capabilities. Notable innovations include a new Visual Precision Landing System (VPLS), AVACORE™-enabled integration, and testing of a modular autopilot and AI compute module. The project is significantly ahead of schedule, advancing DARPA's original late 2026 testing timeline.

AeroVironment (NASDAQ: AVAV) reported strong fiscal Q4 and full-year 2025 results, with record Q4 revenue of $275.1 million (up 40% YoY) and fiscal year revenue of $820.6 million (up 14% YoY). The company achieved Q4 net income of $16.7 million ($0.59 per diluted share) and record Q4 adjusted EBITDA of $61.6 million.

Notable achievements include record fiscal year bookings of $1.2 billion and a robust backlog of $726.6 million, nearly double from FY2024. The company's recent BlueHalo acquisition strengthens its defense-technology position. For FY2026, AeroVironment projects revenue between $1.9-2.0 billion and adjusted EBITDA of $300-320 million.

AeroVironment (NASDAQ: AVAV) has signed a Memorandum of Understanding with Hans Christian Andersen Airport's UAS Denmark Test Center to enhance uncrewed aircraft system capabilities in Europe. The partnership will utilize the center's airspace and facilities for UAS demonstrations, mission training, and customer integration. This collaboration follows AV's February 2025 Framework Agreement with the Danish Ministry of Defence, where AV is providing advanced UAS systems and training to strengthen Danish Armed Forces' ISR capabilities. The strategic partnership aims to advance R&D initiatives and establish the UAS Denmark Test Center as a regional hub for UAS innovation and operational readiness.

AeroVironment's JUMP 20 medium uncrewed aircraft system successfully supported the U.S. Navy's 4th Fleet during Operation Southern Spear, providing maritime intelligence, surveillance, and reconnaissance services across the Caribbean and southern Atlantic region. The VTOL-capable JUMP 20 demonstrated its ability to operate from moving vessels in challenging conditions, including sea state level 5 and winds over 20 knots. The system was deployed for approximately 6 months under the MARLINS Task Order as a subcontractor under SMX. With over 130,000 land-based flight hours supporting U.S. Special Operations Command, JUMP 20 features superior payload capacity, modularity, and exceptional endurance. The operation marked a significant milestone in advancing the Navy's Hybrid Fleet Campaign and the integration of Robotic and Autonomous Systems into maritime operations.

AeroVironment (NASDAQ: AVAV) has scheduled its fourth quarter and full fiscal year 2025 earnings announcement for June 24, 2025, after market close. The company will host a conference call and live audio webcast at 4:30 p.m. Eastern Time, led by Chairman, President and CEO Wahid Nawabi, CFO Kevin P. McDonnell, and Director of Investor Relations Denise Pacioni. The event will cover financial results for the period ending April 30, 2025. Investors can register for the conference call through a provided link, and the webcast will be accessible via AV's Investor Relations website. An audio replay and transcript will be available on the company's website after the event.

AeroVironment (NASDAQ: AVAV) has announced its participation in the William Blair Annual Growth Stock Conference, scheduled to take place in Chicago on June 3, 2025. The company will be represented by Chairman, President and CEO Wahid Nawabi, alongside Executive VP and CFO Kevin McDonnell, who will deliver a presentation at 5:40 PM ET. Interested parties can access the presentation through the Events and Presentations section of AeroVironment's website.

AeroVironment (AVAV) has secured a $5.1 million contract from the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO) for their Human-Machine Integrated Formations (HMIF) project. The contract specifically focuses on AV's Tomahawk's Grip TA5, which has been selected as the Dismounted Common Controller (DCC) for battlefield operations.

The Grip TA5 controller enables real-time command-and-control of multiple robotic assets, featuring modular architecture and multi-platform compatibility. This technology aims to enhance situational awareness, lethality, and survivability in military operations through improved human-machine teaming capabilities.

AeroVironment (NASDAQ: AVAV) has secured a new contract with the Dutch Ministry of Defence to modernize their Puma™ UAS fleet. The upgrade package includes enhanced capabilities for the Puma 3 AE UAS fleet, featuring improved survivability, stronger communications, and new VTOL capabilities. The Dutch forces are also acquiring the Puma LE system for extended endurance and range.

The modernized systems will enable autonomous operations in GPS-denied and contested environments, with rapid deployment capabilities at squad and platoon levels. Both Puma platforms provide scalable ISR capabilities and have proven their effectiveness in combat zones, including current deployment in Ukraine. The systems can be launched by a single soldier or from Fennek reconnaissance vehicles, supporting the Dutch initiative to expand uncrewed capabilities across their operations.