Record-Breaking Revenue
Second quarter revenue rose to $188 million, setting a new second quarter record for the company.
Loitering Munition Systems Surge
Loitering Munition Systems segment delivered record revenues of nearly $78 million, a 61% year-over-year increase.
Funded Backlog Growth
The funded backlog increased to a healthy $467 million.
Key Contract Wins
Awarded two large sole-source Switchblade IDIQ contracts with a $1.7 billion ceiling.
Launch of P550
Launched the P550, a new Group 2 UAS, expected to be a significant revenue driver.
BlueHalo Acquisition
Announced agreement to acquire BlueHalo, expected to enhance AeroVironment’s portfolio and deliver $1.7 billion in annual revenue.
International Demand for Switchblade
Received FMS orders from Lithuania, Romania, and Sweden; Taiwan and Greece announced intentions to purchase Switchblade systems.