AeroVironment (AVAV) Company Report

AeroVironment (AVAV) received a $186 million delivery order from the U.S. Army for its next-generation Switchblade 600 Block 2 and Switchblade 300 Block 20 loitering munition systems.
This order marks the Army's first procurement of these upgraded Switchblade systems, including the first Switchblade order with an Explosively Formed Penetrator (EFP) payload for enhanced anti-armor capabilities.
The delivery order was issued under the Army's existing five-year, $990 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for Lethal Unmanned Systems (LUS), awarded in August 2024.

1 day ago

Press Release

AeroVironment Secures $75 Million Air Force Task Order

AVAV

New Projects/Investments

AeroVironment (NASDAQ: AVAV) recently received a $75 million task order from the U.S. Air Force.
This 60-month task order is for the Functional Responsive Experimentation for Systems and Humans (FRESH) program to advance biotechnology and smart materials.
The company will develop and evaluate new materials and processing methods to enhance Air Force assets, leveraging artificial intelligence in its research.
This work expands AeroVironment's ongoing collaboration with the Air Force Research Laboratory and its defense technology portfolio.

7 days ago

Press Release

AeroVironment Discusses Strategic Shifts, Growth Drivers, and Production Investments

AVAV

M&A

New Projects/Investments

Revenue Acceleration/Inflection

AeroVironment (AVAV) completed the transformational acquisition of BlueHalo about a year ago, expanding into new market sectors complementary to its legacy uncrewed aircraft systems and loitering munitions businesses, now operating in two main segments.
The company highlights several growth drivers, including its Switchblade family (with new 400 variant), the Red Dragon software-defined drone for autonomous, long-distance flight, and Titan counter-UAS, with increasing international demand from regions like Europe and Taiwan.
AVAV received a stop-work order on its Badger product, part of the SCAR program, aimed at renegotiating the contract for a more commercialized and efficient solution, with a resolution anticipated within 90 days from the beginning of the year. This is viewed as a strategic pivot for broader market access and production efficiencies.
AeroVironment is proactively investing in CapEx growth, including a 100,000 sq ft Salt Lake City facility for Switchblade production, and leads in internal R&D spend among defense tech peers to meet anticipated demand and maintain leadership in autonomous systems.

Feb 11, 2026, 1:30 PM

Transcript

AeroVironment Discusses Strategic Transformation, Growth Drivers, and Production Investments

AVAV

M&A

New Projects/Investments

Product Launch

AeroVironment (AVAV) has undergone a transformational change with the BlueHalo acquisition approximately one year ago, resulting in two main business segments: Legacy AV (uncrewed aircraft systems, loitering munitions, MacCready Works) and Legacy BlueHalo (Space and Directed Energy).
The company highlights several strong growth drivers, including the Switchblade family of loitering munitions, the new Red Dragon software-defined drone, Titan counter-UAS, and the JUMP 20 group three solution, with significant international demand picking up from NATO countries and Taiwan.
AeroVironment is actively investing in internal R&D and production capacity, including a new 100,000 sq ft facility in Salt Lake City for Switchblade production, to meet anticipated demand and maintain leadership in autonomous systems and drone warfare.
The SCAR contract, initially valued at $1.7 billion with a $1.4 billion add-on through FY2030 for satellite ground terminals, is currently being renegotiated.

Feb 11, 2026, 1:30 PM

Transcript

AeroVironment Discusses Strategic Transformation, SCAR Program Update, and Growth Investments

AVAV

M&A

New Projects/Investments

Product Launch

AeroVironment (AVAV) underwent a significant transformation with the BlueHalo acquisition approximately one year ago on May 1st, shifting its structure to two main business segments.
A stop work order was issued for AVAV's Badger product under the SCAR program a few weeks prior to the conference, with negotiations underway to resolve it within 90 days. The company anticipates a renegotiated contract with reduced initial capabilities, leading to a more commercialized product that broadens market access and improves production efficiencies.
The company's innovation engine, MacCready Works, developed Red Dragon, a software-defined drone optimized for long distances and mass production, incorporating advanced autonomy and navigation technologies based on battlefield lessons.
AVAV is making substantial internal investments, including a 100,000 sq ft Salt Lake City facility for Switchblade production and other products, and plans for $150 million in growth CapEx over the next two years. The company also leads in internal R&D spend among defense tech peers.

Feb 11, 2026, 1:30 PM

Transcript

AeroVironment's UES Awarded $75 Million Air Force Task Order

AVAV

New Projects/Investments

AeroVironment's (AV) UES division has been awarded a $75 million task order by the United States Air Force.
This task order, designated TO-03, aims to advance biotechnology and smart materials to enhance the performance and resilience of Air Force assets across air, space, and weapons systems.
The 60-month project will involve developing new materials, processing methods, and modeling techniques, leveraging artificial intelligence to speed discovery, testing, and environmental evaluation.

Jan 28, 2026, 12:30 PM

Press Release

AeroVironment Launches BVLOS Airspace Management Facility

AVAV

Product Launch

New Projects/Investments

AeroVironment (AVAV), in collaboration with CAL Analytics, the U.S. Air Force, and the Ohio Department of Transportation, has launched an operational Beyond Visual Line of Sight (BVLOS) airspace management facility at the National Advanced Air Mobility Center of Excellence (NAAMCE) in Springfield, Ohio.
This facility integrates AV_Halo™ COMMAND, AeroVironment's command and control architecture, with CAL Analytics’ Advanced Air Mobility (AAM) platform to enable safe BVLOS missions for Department of War operators in shared airspace.
The project is intended to serve as a blueprint for integrating uncrewed aircraft into existing airspace, providing operational data and safety validation for future FAA rule-making and potential nationwide deployment.
Plans are underway to extend the system to create air mobility corridors between Springfield and Columbus, Ohio, expanding BVLOS operations.

Jan 27, 2026, 12:30 PM

Press Release

AVAV Discusses Post-BlueHalo Strategy, Capacity Expansion, and Growth Drivers

AVAV

New Projects/Investments

Revenue Acceleration/Inflection

M&A

AeroVironment's strategy has evolved following the BlueHalo acquisition in 2025, expanding its core drone business to include counter-UAS capabilities and the space domain, such as ground stations and long-haul laser communications.
The company plans to invest $150 million in growth capacity over FY 2026-2027, including a new 100,000 sq ft factory in Utah to increase Switchblade production capacity to nearly $2 billion.
Key growth drivers for AVAV include increased demand for its products, continued international demand, and the Golden Dome initiative, where the company aims to demonstrate success in protecting critical infrastructure with its counter-UAS solutions within the next 12 months.
AVAV recently secured a $several hundred million contract for long-haul laser communications with an unnamed customer, identifying space as a significant emerging market.

Jan 14, 2026, 3:15 PM

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AVAV CFO Discusses Strategy and Growth Drivers

AVAV

New Projects/Investments

Revenue Acceleration/Inflection

AVAV's strategy has expanded beyond drones to include counter-UAS capabilities (RF defeat, directed energy with LOCUST laser system) and space domain capabilities (ground stations, long-haul laser communications) following the BlueHalo completion in 2025.
The company projects high teens year-over-year growth for fiscal 2026 on a pro forma basis, driven by anticipated faster procurement cycles, increased government funding, and strong international demand.
AVAV plans to invest approximately $150 million in growth capacity over FY 2026-2027, including a new 100,000 sq ft factory in Utah to significantly boost production, potentially increasing Switchblade capacity to nearly $2 billion.
AVAV is actively pursuing the Golden Dome initiative, pitching counter-UAS solutions for critical infrastructure, with an aim to demonstrate success at several sites within the next 12 months. The CFO estimates this specific opportunity for AVAV could range from $500 million to $1 billion annually.

Jan 14, 2026, 3:15 PM

Transcript

AVAV Discusses Strategic Expansion, Growth Drivers, and Production Capacity Post-BlueHalo Acquisition

AVAV

New Projects/Investments

Revenue Acceleration/Inflection

M&A

AVAV has significantly expanded its product portfolio and market reach following the 2025 BlueHalo acquisition, adding counter-UAS and space domain capabilities, including a recent $several hundred million contract for long-haul laser communications.
The company projects high teens year-over-year growth for fiscal year 2026 on a pro forma basis, anticipating increased demand from government funding, with specific opportunities in the $500 million FEMA grants for Counter-UAS and the $500 million to $1 billion annual Golden Dome initiative for critical infrastructure protection.
To support this growth, AVAV is investing $150 million in growth capacity over FY 2026-2027, including a new 100,000 sq ft facility in Utah expected to increase Switchblade production capacity to nearly $2 billion. The company is also focused on improving the Switchblade business model to enhance free cash flow.