AeroVironment ( (AVAV) ) has shared an announcement.
AeroVironment reported its fiscal 2025 third-quarter results, highlighting a record funded backlog of $763.5 million and a 10% year-over-year revenue decrease to $167.6 million. The company faced challenges such as high winds and fires in Southern California, impacting its operations. Despite these hurdles, AeroVironment made progress in its long-term growth strategy, including record orders for Switchblade and Jump-20, and announced a new Utah manufacturing facility to increase capacity. The company also advanced its acquisition of BlueHalo, expected to close in the second quarter of 2025. AeroVironment anticipates a strong fiscal year 2025 with record fourth-quarter revenue, despite transitioning away from Ukraine demand.
More about AeroVironment
AeroVironment (NASDAQ: AVAV) is a global leader in intelligent, multi-domain robotic systems, providing technology solutions at the intersection of robotics, sensors, software analytics, and connectivity. Headquartered in Virginia, the company serves defense, government, and commercial customers.
YTD Price Performance: -4.37%
Average Trading Volume: 491,651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.22B
See more data about AVAV stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com