Andre Madrid

Louie DiPalma

Peter Arment

Greg Konrad

Peter Skibitski

Jonathan Siegmann

Kenneth Herbert

Pete Skibitski

Stephen Strackhouse

- AeroVironment (AVAV) is expanding its collaboration with GrandSKY to deploy its **Golden Dome for America limited area defense architecture** at **Grand Forks Air Force Base (AFB)** in North Dakota.  **[1368622_5f62c0a7d64f4821a0544f0f69c69259_0]** 
- This deployment will establish the foundation for **inner layer distributed counter-UAS (C-UAS) capabilities**, integrating AV's **Titan and Titan-SV RF-based platforms** for detection and identification, unified by the **AV_Halo™ COMMAND software platform**.  **[1368622_5f62c0a7d64f4821a0544f0f69c69259_0]** 
- The initiative is aligned with AV's partnership with SNC for the Golden Dome for America initiative and builds on a **March 2025 memorandum of understanding** with GrandSKY in support of **Project ULTRA**, a **$110 million public-private initiative** for advanced counter-UAS defense.  **[1368622_5f62c0a7d64f4821a0544f0f69c69259_0]** **[1368622_5f62c0a7d64f4821a0544f0f69c69259_1]**

AeroVironment to Deploy Counter-UAS System at Grand Forks Air Force Base

- AeroVironment, Inc. ("AV") announced the appointment of **Mary Clum** as **President of the Space, Cyber & Directed Energy (SCDE) business segment**, effective **October 24, 2025**.  **[1368622_e9b271832bb24df3a78f87b3e0a630e5_0]** 
- AV expanded its **Switchblade® family of precision loitering munitions** with **three new systems**: the Switchblade 600 Block 2, the Switchblade 400, and the Switchblade 300 Block 20.  **[1368622_e9b271832bb24df3a78f87b3e0a630e5_1]** 
- The company also launched its newest all-electric vertical takeoff and landing (VTOL) platform, the **VAPOR Compact Long Endurance (CLE) unmanned aircraft system (UAS)**.  **[1368622_e9b271832bb24df3a78f87b3e0a630e5_1]**

AeroVironment Announces New President and Product Launches

- AeroVironment, Inc. expanded its combat-proven Switchblade® family of precision loitering munitions with three new systems: the **Switchblade 600 Block 2**, **Switchblade 400**, and **Switchblade 300 Block 20**.  **[1368622_991a0aa11181474a8820764bbf04d7d7_0]** 
- The company also launched its newest all-electric vertical takeoff and landing (VTOL) platform, the **VAPOR Compact Long Endurance (CLE) unmanned aircraft system (UAS)**.  **[1368622_991a0aa11181474a8820764bbf04d7d7_0]**

AeroVironment Unveils Next-Generation Switchblade Loitering Munitions and VAPOR CLE UAS

- AeroVironment (AVAV) has expanded its combat-proven Switchblade loitering munition product line with **three new systems**: the Switchblade 600 Block 2, Switchblade 400, and Switchblade 300 Block 20 with a modular explosively formed penetrator (EFP) payload.  **[1368622_04aca8064b154c16ac7d48946634485c_0]** **[1368622_04aca8064b154c16ac7d48946634485c_1]** 
- The **Switchblade 600 Block 2** offers **20% longer endurance** and **100+km handoff and relay range**, while the **Switchblade 400** is a man-portable anti-armor munition weighing under **40 pounds**.  **[1368622_04aca8064b154c16ac7d48946634485c_0]**  The **Switchblade 300 Block 20** now features an **Explosively Formed Penetrator (EFP)** warhead for increased lethality.  **[1368622_04aca8064b154c16ac7d48946634485c_1]** 
- The company is rapidly expanding its Switchblade manufacturing capacity, accelerating Switchblade 600 production from **40 to 240 systems per month** over the last year, with anticipated growth to more than **1,200 per month** in the near future.  **[1368622_04aca8064b154c16ac7d48946634485c_2]**

AeroVironment Unveils Next Generation Switchblade Loitering Munitions

- The global military drone market is experiencing significant growth, projected to reach **$30.5 billion by 2035** from **$13.42 billion in 2023**, with a **7.09% CAGR from 2025 to 2035**, indicating a rising revenue opportunity for companies like **AeroVironment, Inc.**.  **[1368622_9e50749ec8724c35ba9f84e417e7e17b_1]** 
- **AeroVironment, Inc.** was selected for a **10-year, $499 million indefinite-delivery/indefinite-quantity (IDIQ) contract** by the U.S. Air Force Research Laboratory (AFRL) for the **High-Performance Electromagnetic Spectrum Survivable Materials Advancement (HELMSSMAN) program**.  **[1368622_9e50749ec8724c35ba9f84e417e7e17b_3]** 
- This program focuses on maturing material technology development and deploying protective solutions to guard warfighters against harmful electromagnetic radiation.  **[1368622_9e50749ec8724c35ba9f84e417e7e17b_3]** **[1368622_9e50749ec8724c35ba9f84e417e7e17b_4]**

AeroVironment Secures $499 Million Air Force Research Lab Contract

- The global Loitering Munition Market was valued at **USD 529.9 million in 2024** and is projected to grow to **USD 815.3 million by 2029** at a **CAGR of 9.0%**.  **[1368622_c2baa441b70449e58f630218712c0353_2]** 
- **AeroVironment** is actively expanding its **Switchblade series**, introducing longer-range and autonomous variants under the U.S. Department of Defense’s Replicator Initiative.  **[1368622_c2baa441b70449e58f630218712c0353_1]** 
- Loitering munitions, also known as attack drones or kamikaze drones, are redefining modern warfare by combining surveillance, target acquisition, and precision strike capabilities.  **[1368622_c2baa441b70449e58f630218712c0353_0]** **[1368622_c2baa441b70449e58f630218712c0353_2]** 
- In 2025, **canister-launched loitering munitions** dominate the global landscape with a **9.7% year-on-year growth** (2024–2029), while catapult-launched drones are gaining popularity for their low cost and portability.  **[1368622_c2baa441b70449e58f630218712c0353_2]** **[1368622_c2baa441b70449e58f630218712c0353_3]**

AeroVironment's Role in Loitering Munition Market Growth Highlighted

- **AeroVironment (AV)** has been selected for a **10-year single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract valued at $499 million** by the U.S. Air Force Research Laboratory (AFRL) for the High-Performance Electromagnetic Spectrum Survivable Materials Advancement (HELMSSMAN) program.  **[1368622_233c69a33427490dbd550c8cce9d5338_0]** 
- Under this contract, **AV** has been awarded **two initial task orders totaling $246 million**.  **[1368622_233c69a33427490dbd550c8cce9d5338_0]** 
- The task orders include **$98 million** for the "Advanced Development of Vision Protection Materials" and **$148 million** for the "Advanced Development of Materials for EMS Resilience".  **[1368622_233c69a33427490dbd550c8cce9d5338_0]** 
- The program aims to mature material technology development and deploy protective solutions to guard warfighters against exposure to harmful electromagnetic radiation, with work planned to begin this month.  **[1368622_233c69a33427490dbd550c8cce9d5338_0]**

AV Selected for $499M AFRL Contract and Awarded $246M in Task Orders

- AeroVironment identifies a **once-in-a-generational opportunity** in the defense market, driven by global threats and a strategic shift towards autonomous systems, AI, and uncrewed systems, projecting a **$70 billion to $75 billion+ total addressable market**.  **[1368622_2162691_1]** **[1368622_2162691_3]** 
- The company is strategically positioned with a diverse portfolio of products in high-priority areas, including loitering munitions (Switchblade, Red Dragon), small and medium uncrewed aerial systems (Puma, P550, Jump 20), and counter-UAS solutions (Freedom Eagle One, Titan RF systems, Directed Energy Locust).  **[1368622_2162691_3]** **[1368622_2162691_4]** **[1368622_2162691_8]** **[1368622_2162691_9]** **[1368622_2162691_16]** 
- AeroVironment emphasizes its **proven scalability and production capabilities**, having delivered **42,000 platforms to date**, and is prepared to significantly increase production across various product lines to meet anticipated demand.  **[1368622_2162691_8]** **[1368622_2162691_9]** 
- Recent significant achievements include being the **sole winner of a multi-billion dollar next-generation counter-UAS missile program (Freedom Eagle One)**, securing a **$240 million Laser Communication Award**, and receiving a **$100 million award** for a prototype system in proliferated space domain awareness.  **[1368622_2162691_9]** **[1368622_2162691_22]** **[1368622_2162691_27]** **[1368622_2162691_31]** 
- The company's **AV Halo software suite** is highlighted as a unified autonomy and resilience layer, integrating various systems and already proven on orbit, which is crucial for future defense applications.  **[1368622_2162691_6]** **[1368622_2162691_8]** **[1368622_2162691_17]**

AeroVironment Highlights Strategic Market Opportunity and Product Leadership

- AeroVironment (AVAV) hosted an Investor Open House on **September 30, 2025**, emphasizing its strategic position in a U.S. defense industry shifting towards integrated AI platforms, uncrewed systems, and lethal drones amidst rising demand.  **[1368622_2162432:3]** 
- The company's core offerings address critical U.S. DoD priorities, including **Precision Fires & Loitering Munitions, Autonomous UAS, C-UAS, Space Technologies, Cybersecurity, and Advanced Munitions**.  **[1368622_2162432:4]** 
- AVAV unveiled **AV_Halo**, a new AI-powered software platform designed for multi-domain battlefield dominance, integrating with its autonomous systems and precision munitions.  **[1368622_2162432:6]** 
- The Autonomous Systems (AxS) segment reported **$1.049 billion in unaudited pro forma revenue for FY2025** and **$285 million for Q1 FY2026**, projecting an addressable market exceeding **$50 billion by FY30**.  **[1368622_2162432:11]** **[1368622_2162432:14]** 
- The Space, Cyber and Directed Energy (SCDE) segment posted **$646 million in unaudited pro forma revenue for FY2025** and **~$170 million for Q1 FY2026**, highlighting its leadership in long-haul laser communications and combat-proven directed energy systems.  **[1368622_2162432:14]** **[1368622_2162432:18]**

AeroVironment (AVAV) Hosts Investor Open House, Details Strategic Focus and Segment Performance

- AeroVironment (AVAV) is positioned to benefit from significant shifts in the defense industry, including **underinvestment in defense over the last 15+ years**, increased global threats, and a bipartisan push to **invest more and quickly** in defense, especially in disruptive technologies.  **[1368622_2146301_0]** **[1368622_2146301_1]** 
- The company emphasizes its role as a **software-defined hardware provider**, with over **40% of its engineers focused on software**, and its systems are designed with **Modular Open Systems Architecture (MOSA)** to allow for upgrades and adaptability.  **[1368622_2146301_4]** **[1368622_2146301_5]** 
- AeroVironment's recent acquisition of **BlueHalo** is its largest to date, strategically adding capabilities in **space business** and **counter-unmanned aerial systems (C-UAS)**, aligning with its goal to become an all-domain unmanned systems prime.  **[1368622_2146301_11]** 
- The company aims to **double in size within the next three to four years**, targeting **15% to 20% growth**, supported by a strong balance sheet and favorable macro trends like increased urgency in defense procurement and loosened export regulations for drones.  **[1368622_2146301_13]** **[1368622_2146301_15]**