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AeroVironment

Defense technology and unmanned aerial systems

Overview

AeroVironment designs and builds robotic systems for defense across air, land, and space, including small reconnaissance drones, high-altitude aircraft, and loitering munitions. These products work by carrying sensors and control software that allow autonomous or semi-autonomous missions, with real-time data collection, and, for weapons-enabled models, a payload and deployment mechanism for precision strikes. The company differentiates itself through a growing, multi-domain defense portfolio built via acquisitions, creating an integrated platform that combines drones with space tech, counter-UAS, and other defense capabilities. Its goal is to become a comprehensive defense-technology provider that can win large, long-term contracts by offering coordinated, autonomous systems across multiple domains.

Significant Headcount GrowthFunded Recently

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About AeroVironment

Simplify's Rating
Why AeroVironment is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Robotics & AutomationGovernment & Public SectorAerospaceDefense

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Crystal City, Virginia

Founded

1971

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What believers are saying

  • September 9, 2026 revenue hit $480.5 million with $1.5 billion funded backlog.
  • LOCUST won a first international order over $50 million on September 8, 2026.
  • P550, Titan MS, and E-HEL bookings diversify growth beyond Raven and Switchblade.

What critics are saying

  • SCAR's March 2026 termination erased a $1.7 billion program and sparked a lawsuit.
  • Fiscal 2027 free cash flow stays negative as facility capex peaks across four states.
  • Boeing, Anduril, and cheaper drone suppliers pressure AVAV pricing and win rates.

What makes AeroVironment unique

  • LOCUST became the Army's first production high-energy laser contract on September 2, 2026.
  • BlueHalo and ESAero give AVAV space, cyber, directed energy, and UAS breadth.
  • AVAV's national manufacturing footprint and AV_Halo software stack tie systems together.

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Funding

Total Funding

$1.9B

Above

Industry Average

Funded Over

7 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health, Dental, & Vision
  • Health Savings Account
  • 401(k) Account
  • Alternative Work Schedule
  • Educational and Tuition Assistance Programs
  • Employee Assistance Program
  • Sick Leave Donation
  • Time Off
  • Travel Assistance
  • Company Sponsored Events

Stock Price

Growth & Insights and Company News

6 month growth

9%

1 year growth

9%

2 year growth

14%
TipRanks
Nov 4th, 2026
AeroVironment raises revolving credit facility by $100M to $450M with BMO Bank as new lender

AeroVironment raised its revolving credit commitments by $100 million to $450 million. The company and certain subsidiaries signed a Sixth Amendment to their credit agreement on October 30, 2026. BMO Bank joined as a new lender, and commitments were reallocated among lenders. The facility keeps its October 4, 2029 maturity, a $150 million letter-of-credit sublimit, and a $10 million swingline sublimit. The amendment adds flexibility for bilateral and certain cash-collateralized letters of credit. An October 9, 2026 change had raised the letter-of-credit sublimit to $150 million without increasing total commitments. Substantially all assets of AeroVironment and its guarantor subsidiaries still secure the obligations.

EDR Magazine
Nov 2nd, 2026
Leonardo DRS selected by AV for U.S. Army's Enduring-High Energy Laser production program.

Leonardo DRS selected by AV for U.S. Army's Enduring-High Energy Laser production program. Arlington, Va., Nov. 02, 2026 - Leonardo DRS, Inc. (Nasdaq: DRS) announced today that AeroVironment, Inc. ("AV") (Nasdaq: AVAV) has selected the company to provide rugged integration expertise for the U.S. Army's Enduring-High Energy Laser (E-HEL) production program. DRS will apply its expertise in power management, environmental control to enable the mobile high-energy laser system intended to counter unmanned aircraft system (UAS) threats. In September 2026, the U.S. Army announced its award to AV for the E-HEL program, describing it as the service's first production contract for a high-energy laser weapon system. The Army said E-HEL is intended to give soldiers a scalable, affordable directed-energy system that strengthens C-UAS operations. DRS' subcontract supports AV's production of LOXUST X3 laser weapon systems und the Army's E-HEL program. AV's 30-kilowatt, platform-agnostic LOCUST X3 is designed for integration across a range of military platforms, including the Army's Joint Light Tactical Vehicle, with palletized configuration options also available. "The Army's move to production reflects the growing importance of scalable, fieldable directed-energy capabilities in countering evolving UAS threats," said John Baylouny, president and chief executive officer of Leonardo DRS. "DRS is proud to partner with AV and bring its integration expertise to its E-HEL production effort." "Evolving drone threats demand systems that deliver reliable performance in demanding operational environments," said Aaron Hankins, vice president and general manager, Leonardo DRS Land Systems. "Our team is applying experience in vehicle integration, power and thermal management to help AV deliver a mobile high-energy laser capability for the U.S. Army." The work builds on DRS' previous directed-energy integration experience, including a rapid-prototyping effort in partnership with AeroVironment and other industry partners to develop a mobile counter-UAS directed-energy capability integrated into an armored vehicle. In that effort, DRS provided vehicle-integration, power, thermal-management and systems-engineering expertise for U.S. government live-fire evaluations and training in 2024 and 2025. By applying this experience to the E-HEL program, DRS is helping bring scalable, fieldable directed-energy technology to the Army's counter-UAS mission and broader defense-modernization efforts.

Yahoo Finance
Nov 2nd, 2026
Leonardo DRS picked by AeroVironment for US Army laser weapon production programme

Leonardo DRS has been selected by AeroVironment (AV) to provide power and thermal management subsystems for the US Army's Enduring-High Energy Laser (E-HEL) production program, the company announced on November 2, 2026. The Army awarded AV the E-HEL contract in September 2026, calling it its first production contract for a high-energy laser weapon system. The system is meant to help soldiers counter unmanned aircraft threats. DRS' subcontract supports production of AV's 30-kilowatt LOCUST X3 laser weapon systems. The system can be fitted to platforms including the Joint Light Tactical Vehicle. The work builds on a prototyping effort with AV, in which DRS supported US government live-fire evaluations and training in 2024 and 2025.

GlobeNewswire
Nov 2nd, 2026
Leonardo DRS selected by AV for U.S. Army's Enduring-High Energy Laser production program.

Leonardo DRS selected by AV for U.S. Army's Enduring-High Energy Laser production program. DRS will provide critical power and thermal management subsystems for a mobile counter-unmanned aircraft system capability. ARLINGTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) - Leonardo DRS, Inc. (Nasdaq: DRS) announced today that AeroVironment, Inc. ("AV") (Nasdaq: AVAV) has selected the company to provide rugged integration expertise for the U.S. Army's Enduring-High Energy Laser (E-HEL) production program. DRS will apply its expertise in power management, environmental control to enable the mobile high-energy laser system intended to counter unmanned aircraft system (UAS) threats. In September 2026, the U.S. Army announced its award to AV for the E-HEL program, describing it as the service's first production contract for a high-energy laser weapon system. The Army said E-HEL is intended to give soldiers a scalable, affordable directed-energy system that strengthens C-UAS operations. DRS' subcontract supports AV's production of LOXUST X3 laser weapon systems und the Army's E-HEL program. AV's 30-kilowatt, platform-agnostic LOCUST X3 is designed for integration across a range of military platforms, including the Army's Joint Light Tactical Vehicle, with palletized configuration options also available. "The Army's move to production reflects the growing importance of scalable, fieldable directed-energy capabilities in countering evolving UAS threats," said John Baylouny, president and chief executive officer of Leonardo DRS. "DRS is proud to partner with AV and bring its integration expertise to its E-HEL production effort." "Evolving drone threats demand systems that deliver reliable performance in demanding operational environments," said Aaron Hankins, vice president and general manager, Leonardo DRS Land Systems. "Our team is applying experience in vehicle integration, power and thermal management to help AV deliver a mobile high-energy laser capability for the U.S. Army." The work builds on DRS' previous directed-energy integration experience, including a rapid-prototyping effort in partnership with AeroVironment and other industry partners to develop a mobile counter-UAS directed-energy capability integrated into an armored vehicle. In that effort, DRS provided vehicle-integration, power, thermal-management and systems-engineering expertise for U.S. government live-fire evaluations and training in 2024 and 2025. By applying this experience to the E-HEL program, DRS is helping bring scalable, fieldable directed-energy technology to the Army's counter-UAS mission and broader defense-modernization efforts. About Leonardo DRS Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers' most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com. Forward-Looking Statements This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Leonardo DRS Investor Relations Contact Camilla Yanushevsky Director, Investor Relations +1 571 309 8216 [email protected] Leonardo DRS Media Contact Charles Jones Director, Marketing and Corporate Communications +1 571-737-8800 [email protected] Release Summary Leonardo DRS IcePiercer uses liquid immersion cooling to bring high-density, AI-ready computing to ships, vehicles and tactical-edge sites. Recommended reading.

工商時報
Nov 2nd, 2026
Defense demand: Taiwan's rugged computer operations look strong

Defense demand: Taiwan's rugged computer operations look strong Getac, Twinhead, MSC, and Ubiqconn have all entered unmanned vehicle and GCS-related fields, with contributions expected to gradually emerge next year and the year after 2026.11.02 03:00 Commercial Times, Weng Yu-Lan As international conflicts continue to fluctuate, Taiwanese rugged computer makers Getac (3005), Twinhead (2364), MSC (3213), and Ubiqconn (6928), leveraging their existing strengths in military and defense deployments, have all entered unmanned vehicle and GCS (ground control station)-related fields over the past two years. They are optimistic about countries accelerating the expansion of defense and commercial applications, and expect their operations to gradually gain traction next year and the year after. Getac, one of the world's top two players in the rugged computer industry, observed that market opportunities for related application projects this year have seen strong growth of at least 10 times. At present, the share of unmanned vehicle controller and GCS-related business at all Taiwanese rugged computer makers is still low. It is expected that as related projects from domestic and overseas customers begin delivery one after another next year, their contribution to overall revenue will also gradually emerge. Among them, Getac, which already has more than 100 potential sales project opportunities in hand, began some small-volume shipment projects in the second quarter of this year, targeting customers in Europe, the United States, and the Middle East. This year Getac also launched CommandCore, a rugged remote drone control solution that supports "multi-domain operations," aggressively targeting business opportunities in military defense and public security. Getac has also set an aggressive internal target, hoping that next year this business will account for 8-12% of its rugged computer and electromechanical business. In addition, Twinhead, through its own Durabook product line, is cooperating with partners in the Middle East, Europe, and Taiwan's production and sales chain to enter the GCS and UAV platforms fields. Related products are already undergoing customer validation or have entered the specification customization stage for tenders, and are expected to add new positive factors in the future. MSC, meanwhile, benefits from its 100% Taiwan-made advantage and cooperation with domestic industry partners, and has been included in the defense project supply chain for Taiwan-produced drones. Later, as defense-related budgets are released and drone business opportunities advance, this is also expected to inject another wave of momentum into its new business. As for Ubiqconn, under FIC Global, it has signed an MOU (memorandum of understanding) with U.S. military defense technology supplier AeroVironment (AVAV) to jointly develop a new-generation universal controller solution. In the domestic market, it has also moved into the Tainan Shalun AI Industrial Park to set up an R&D base, accelerating its R&D and validation of unmanned vehicle control systems and edge computing technology, thereby expanding its advantage in deployments in unmanned systems and the defense supply chain. Ubiqconn's handheld GCS products currently on the market have been shipped to European customers one after another, for unmanned vehicle control needs across various domains such as sea, land, and air. It is now also continuing to seek new customers and projects in Europe, the United States, and Taiwan, so as to advance this business and inject positive momentum into overall operations.

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