Contract AwardAeroVironment recently was awarded a new $990 million ceiling value, five-year, US Army IDIQ contract for the SwitchBlade Loitering Munition Systems.
Financial PerformanceAeroVironment delivered solid 1Q25 results, with a solid EPS beat on the back of strong Switchblade and Puma volumes.
Market DemandSwitchblade demand has risen both domestically and abroad, with manufacturing capacity growing to support over $500MM in annual Switchblade product revenue in FY25.