Aerovironment stock climbs on report of higher revenues
Aerovironment stock rose cautiously ahead of its first quarter fiscal 2018 earnings results, and then spiked nearly 10 percent in after-hours trading with the announcement of a 21 percent increase in revenues and lower net losses. Revenues reached $43.8 million for the quarter ended July 29, up from $36.2 million for the first quarter the Read More →
Read More →AeroVironment reports drop in revenues
AeroVironment, a Monrovia-based aircraft systems company with operations in Simi Valley, announced a drop in revenues for its third quarter fiscal 2017, ending in a $2.2 million net loss. Revenues for the quarter fell from $67.6 million the prior year to $53.2 million, mainly from its unmanned aircraft division. Gross margin also decreased 27 percent Read More →
Read More →AeroVironment releases pilot program details at expo
Unmanned aircraft systems company AeroVironment published details from its pilot program and debuted a new drone and support system at the World Ag Expo and National Farm Machinery Show Feb. 14 in Tulare, CA. Based in Monrovia, with operations in Simi Valley, the company partnered with farmers and universities to develop a drone that would Read More →
Read More →Air Force awards AeroVironment a $22.8 million contract for miniature missile system
The U.S. Air Force awarded AeroVironment a $22.8 million contract for miniature missile systems Oct. 3. First deployed by the USAF in 2011, the AeroVironment Switchblade is a small missile system that can be fit in backpacks and can provide precision strikes using a missile carried in its body. The Switchblade is fired from a Read More →
Read More →Australian military buys AeroVironment drones
AeroVironment will enter the business of supplying the Australian military with a transaction involving its Wasp drones. AeroVironment said in a Sept. 6 news release that it sold an unnamed numbers of its Wasp AE family of drones to the Australian Armed Forces. AeroVironment will partner with Australian firms XTEK Limited, Sentient Vision and General Read More →
Read More →AeroVironment drones tested, destroyed by Navy
AeroVironment, a Monrovia-based company with major operations in Simi Valley, had several small drones tested and destroyed by the U.S. Navy in a recent test. AeroVironment made the announcement in a news release Aug. 11. On Aug. 3, the Navy used AeroVironment’s RQ-20B Puma in a test on the small destroyer USS Monsoon in the Read More →
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