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AV Awarded $43M DoW Contract to Integrate PANTHER Phased Array Antenna on SkyRange Platforms for Hypersonic Telemetry

05/12/2026

ARLINGTON, Va., May 11 2026 — The Department of War (DoW) Test Resource Management Center (TRMC) has awarded AeroVironment (“AV”) (NASDAQ: AVAV), the leader in all-domain defense technologies, a three-year, $43M contract to integrate its PANTHER (Phased Array Next-gen Telemetry Hypersonic Emitter Receiver) phased array antenna system on DoW SkyRange platforms. This program will enhance the nation’s weapons testing capabilities and accelerate testing timelines by delivering rapidly deployable antenna systems to track multiple targets simultaneously. 

“As near-peer threats evolve and global tensions rise, our country is developing the technologies required to maintain military dominance–and the next-generation tracking and telemetry tools to support them,” said Mary Clum, President of AV’s Space, Cyber & Directed Energy segment. “Alongside our customers at TRMC and across the War Department, AV is transforming the nation’s security testing infrastructure with defense tech innovation to address growing threats.” 

PANTHER creates a scalable, reconfigurable antenna that supports multi-band, multi-target tracking for various missions and test scenarios. The all-digital framework facilitates autonomous operation along with remote access and control. PANTHER is agile, modular, and platform agnostic–delivering a significant increase in efficacy with a reduced footprint as compared to traditional parabolic dish systems currently used to test long-range missiles. Integrating PANTHER on DoW SkyRange platforms provides a mobile, rapidly deployable air-based solution to track multiple targets. 

SkyRange is a DoW TRMC initiative that leverages high-altitude, long-endurance unmanned aircraft outfitted with advanced telemetry, communications, and data-collection payloads to create a more flexible, airborne test infrastructure. 

“PANTHER provides a reliable, efficient method for gathering the critical data needed for long-range missile testing,” said Dr. Satya Ponnaluri, Vice President of Hypersonic RF and Radar at AV. “Ultimately, this multi-band, multi-target tracking technology will allow for more frequent testing cycles and faster weapons development timelines for our nation–neutralizing global threats and maintaining our strong national security posture.” 

This program builds upon AV’s proven experience in delivering transformative testing capabilities–drastically reducing technical risks, development costs, and delivery timelines. AV continues to integrate PANTHER on DoW SkyRange platforms at GrandSKY in Grand Forks, North Dakota. The team is collaborating with the state of North Dakota and Bismarck State College to develop a certification program that will train technicians and build a highly-skilled workforce pipeline in support of PANTHER operation and maintenance at GrandSKY.  

About AV  

AV (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. At the core of these technologies lies AV_Halo™, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com. 

Safe Harbor Statement 

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events. 

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The Strait of Hormuz is Showing us Why Mine Countermeasures Must Evolve for a Contested Maritime Fight

05/11/2026

By Chris Gibson, Eric Wirstrom, VideoRay, an AV company 

The Strait of Hormuz has a way of clarifying priorities. 

When maritime traffic slows, reroutes, or halts altogether, the global economy feels it almost immediately. Beneath the headlines about tankers and geopolitics is a quieter, more consequential reality: securing contested waters quickly and at range is becoming increasingly difficult. 

The problem with mine countermeasures (MCM) today is not that they don’t work. 

It’s that they take too long and requires operators to be too close to mines and adversaries. 

In a permissive environment, that tradeoff has been acceptable. In a contested maritime battlespace like the Strait of Hormuz, it is not. 

Some 20 percent of the world’s oil transits the Strait, and even small disruptions to the chokepoint ripple globally. America needs the tools to clear that chokepoint in the face of adversary opposition. The operational requirement is plain: before ships can move safely, someone has to clear the water. 

And today, that process is measured in time, risk, and proximity. 

Mine countermeasures have historically followed a sequential model.  

  1. Search wide areas.
  2. Identify potential threats. 
  3. Return to reacquire them. 
  4. Determine whether they are dangerous. 
  5. Neutralize them.  

It is a disciplined, proven approach, but inherently slow. Each step depends on the last. Each step introduces delay. 

In contested waters, time and proximity are risks.  

But there’s more to consider, like reach. 

Traditional MCM operations require ships, divers, and crews to operate in or near the threat area. Proximity to the threat limits how far operations can extend without escalating risk. 

Our predecessors thought to solve the MCM problem by increasing the speed of clearance, reducing time in threat envelope. We propose an alternative: doing it without having to be there at all. 

That is the shift now underway, and it’s how our team at VideoRay is approaching the future of undersea autonomy.  And it’s why we built our most advanced unmanned underwater vehicles (UUV), like Mission Specialist Wraith. 

The future of mine countermeasures is moving toward a fundamentally different model: single-sortie detect to engage, or SSDTE. But this time we want to execute SSDTE over the horizon. 

Instead of breaking the mission into separate phases across multiple platforms, the objective is to complete the entire sequence, detection, identification, and neutralization, in one continuous operation using a system of systems. No return to base. No handoff between teams. No delay between finding a threat and acting on it. 

These are the keys to compressing time on station.  

Current autonomous capabilities push mine hunting beyond the 300 feet a human diver can operate to ROV-enabled missions at 300 meters, which improves identification and neutralization confidence and increases clearance rates while reducing risk to both mission and force. 

This is a key to extending operational reach.  

Together, these two shifts, compressing time and extending operational reach, change the equation entirely. What once required multiple missions and close human involvement can now be executed remotely, continuously, and at scale. 

But enabling this model requires solving a problem that has historically been taken for granted: communications. 

Traditional subsea operations rely on high-bandwidth, low-latency links. In contested environments, those links are often degraded, intermittent, or unavailable altogether. The legacy approach—an operator controlling a vehicle in real time—does not translate over the horizon. 

The solution is not simply better connectivity. 

It is greater autonomy — enabling a shift from Human in the Loop, where operators directly control semi-autonomous systems, to Human on the Loop, where fully autonomous systems execute the mission under supervisory oversight. 

Modern systems are being designed to operate with a level of independence that allows them to execute critical tasks without continuous human control. A vehicle can be deployed into an area, navigate to a target, and conduct inspection autonomously. It can then report back, allowing an operator to make a determination and authorize the next step, whether that is further investigation or neutralization. 

The human remains in control of the decision. 

The system takes on the burden of execution. 

This shift from manual control to supervisory control is what makes over-the-horizon operations viable. It allows missions to continue despite degraded communications while preserving the judgment and accountability that human operators provide. 

The result is a new operational model defined not just by speed, but by compressed time in the detect-to-engage sequence, delivering greater operational reach, reduced risk to mission and force, and higher confidence in clearance outcomes. This is not just an improvement in capability; it is a redefinition of presence. 

The operator no longer has to be co-located with the problem. The mission can be executed forward, while decision-making remains removed from risk. 

And critically, this model is not tied to a single platform or system. It is built as a system of systems—modular, interoperable, and platform-agnostic. The mission dictates the configuration, allowing different technologies to integrate and operate as a unified whole. 

That flexibility is essential in a domain where conditions change rapidly, and no single solution fits every scenario. 

While these advancements are being driven by defense requirements, their implications extend well beyond military operations. Offshore energy companies and subsea infrastructure providers face many of the same challenges: limited access, high operational costs, and risk to personnel. The ability to deploy smaller, autonomous systems from unmanned platforms offers a path to greater efficiency and expanded capability without the overhead of traditional approaches. 

In both cases, the trajectory is clear. 

Greater emphasis on outcomes over process. 

The Strait of Hormuz is not an isolated incident. It is a preview of a maritime environment where access is contested, time is compressed, and distance matters. 

In that environment, the advantage will not go to the side with the most manned assets in the water. 

It will go to the side that can act fastest, and from farthest away. 

Because beneath the surface, the problem is no longer just clearing threats. 

It is doing so without delay, and without being there at all. 

ABOUT THE AUTHORS 

Chris Gibson is Chief Executive Officer of VideoRay, a subsidiary of AV and a global leader in underwater robotic systems. A more than 20-year veteran of the company, he has helped drive innovation in modular, mission-ready ROV technology supporting defense, offshore energy, and critical infrastructure operations worldwide. 

Eric Wirstrom is Vice President of Sales & Business Development at VideoRay and a former U.S. Navy leader in autonomous and remotely operated systems for diving, salvage, and explosive ordnance disposal, with deep experience shaping operational concepts, requirements, and resourcing for maritime robotics and subsea mission execution. 

JOIN THE AV MISSION 

AV isn’t for everyone. We hire the curious, the relentless, the mission-obsessed. The best of the best. 

We don’t just build defense technology—we redefine what’s possible. As the premier autonomous systems company in the U.S., AV delivers breakthrough capabilities across air, land, sea, space, and cyber. From AI-powered drones and loitering munitions to integrated autonomy and space resilience, our technologies shape the future of warfare and protect those who serve. 

Founded by legendary innovator Dr. Paul B. MacCready, Jr., AV has spent over 50 years pushing the boundaries of what unmanned systems can do. Our heritage includes seven platforms in the Smithsonian—but we’re not building history, we’re building what’s next. 

If you’re ready to build technology that matters—with speed, scale, and purpose—there’s no better place to do it than AV. 

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AV Recognized as Top Veteran Employer

05/04/2026

AV awarded VETS Indexes 5 Star Employer Award in 2026, HIRE Vets Gold Medallion in 2025

By Emily Rule, Digital Media Content Analyst

AV has been named a 2026 VETS Indexes 5 Star Employer, the highest level of recognition awarded to organizations demonstrating exceptional commitment to the veteran community. The honor recognizes employers who excel in recruiting, hiring, developing, and retaining veterans, while fostering a culture that supports military families, National Guard and Reserve members, and military spouses.

“These recognitions reflect the work we do every day—from strengthening our veteran hiring pipeline to supporting military families and building an environment where those who have served can continue to lead, grow, and thrive,” said Archana Nirwan, AV’s Chief People Officer. “Honoring veterans is not a program—it is a responsibility and a privilege.”

This marks AV’s second recognition of its commitment to supporting veterans in recent months, following the 2025 Gold Medallion Award.

AV’s mission to empower and protect warfighters extends beyond active service. The company actively recruits, trains, and mentors veterans, providing meaningful opportunities to continue serving through innovation and national security impact.

Veterans are a cornerstone of AV’s workforce, bringing proven leadership, discipline, and operational expertise. AV offers a mission-driven environment where that experience directly contributes to solving complex challenges in defense and security.

“That service itch never goes away,” said Lieutenant Colonel Paul Webber (Ret.), AV’s Director of Strategic Initiatives and Advanced Defense Solutions, former Marine Corps Special Operations Officer. “Many veterans are searching for purpose after service. At AV, I found a mission that continues to matter.”

AV also supports the Department of War SkillBridge program, enabling transitioning service members to gain hands-on experience across the organization. Once onboard, veterans receive ongoing mentorship and support as they transition into civilian careers.

This recognition reflects the people behind the mission—veterans and military family members whose leadership and commitment help define AV’s culture and drive its impact.

“To every veteran and military family member at AV: thank you for your service, your leadership, and the excellence you bring to our mission,” Nirwan added. “This award belongs to you.”

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AV’s UES Awarded $25M AFRL Contract to Mature Human Performance Technologies for Warfighter Readiness

04/07/2026

AV’s UES Awarded $25M AFRL Contract to Mature Human Performance Technologies for Warfighter Readiness

The United States Air Force has awarded UES, a division of advanced research and development leader AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a three-year, $25M contract to transition innovative human health and performance technologies from research to field deployment.

Supporting the Air Force Research Laboratory’s 711th Human Performance Wing Human Effectiveness Directorate (711 HPW), AV will mature mid-stage sensor, diagnostic, and material technologies that have remained largely confined to Technology Readiness Levels (TRL) 3-5. Work completed under this contract will accelerate the delivery of deployable solutions to enhance warfighter readiness, resilience, and survivability.

“With stringent requirements, harsh operating environments, and limited access to specialized infrastructure, health-focused devices for our military service members have faced unique challenges in reaching operational use,” said Dr. Stephaney Shanks, Vice President of Health and Performance Technologies at AV. “AV has the tools, track record, and technical expertise to tackle these challenges with solutions that deliver real-world impact, using the power of science to protect and empower our warfighters.”

With in-house prototyping and AI-enhanced data analytics, AV will test at scale and advance health-focused technologies and devices. This work integrates disciplined research methods and structured decision criteria to identify viable solutions for transition. The scope of work will focus on four critical areas:

  • Advanced sensor systems for airframe and pilot integration, improving in-field monitoring of physiological and environmental conditions.
  • Ruggedized wearable diagnostic tools for medical, chemical, and biological assessments in austere conditions
  • Powerful AI/ML-enabled databases and analytics to convert raw biosensor data into actionable insights and intelligence
  • Emerging biotechnology platforms, including stress-mitigating probiotics and synbio-based sensors, to support and protect force health

“By integrating biosensing and advanced materials with AI-enabled analytics and insights, we’re shaping the future of military readiness,” added Johnathan Jones, Senior Vice President of Cyber and Mission Solutions at AV. “Taking technology from the lab to the frontlines, we’re turning today’s challenges into tomorrow’s capabilities.”

AV has collaborated with the 711 HPW on prior efforts, such as deploying onboard oxygen monitoring sensors to investigate unexplained physiological events (UPEs) in pilots. This contract builds upon these successes to address hardware ruggedization, faster data processing, and enhanced user interfaces, meeting the demands of the Air and Space Force.

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AV Selected to Deliver Intelligence, Surveillance and Reconnaissance Services to U.S. Navy with JUMP 20-X, Advanced Payload Integrations

03/31/2026

AV Selected to Deliver Intelligence, Surveillance and Reconnaissance Services to U.S. Navy with JUMP 20-X, Advanced Payload Integrations

AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in autonomous systems and intelligence services, today announced its selection by the United States Navy to provide Contractor-Owned, Contractor-Operated (COCO) Intelligence, Surveillance and Reconnaissance (ISR) services in support of critical naval operations. Under the Navy’s recently announced initiative to expand and modernize ISR capabilities, AV will compete for delivery orders alongside other selected industry partners to deliver turnkey persistent ISR support–with autonomous platforms, multi-sensor integration, and intelligence expertise.

AV’s JUMP 20-X Group 3 vertical take-off and landing (VTOL) uncrewed aircraft system (UAS) will equip the Navy with expanded ISR capabilities tailored to support diverse land and maritime missions. The platform enables multi-domain missions with fully autonomous, hands-free operation and more than 13 hours of flight time, a 115-mile (185 km) range, and 30 pounds of payload capacity. With more than 70 different payload integrations, JUMP 20-X is uniquely configurable to meet mission-specific requirements.  The system is engineered to eliminate the need for bulky launch and recovery equipment, simplifying logistics and enabling rapid deployment while reducing required operational space.

“We are honored to be selected as a partner to help the U.S. Navy expand its ISR services and enhance mission-critical awareness for warfighters around the globe,” said Shane Hastings, Vice President of Medium Uncrewed Systems at AV. “We have the people and product to deliver a superior capability across the fleet and are committed to supporting our customers with a flexible, scalable, full lifecycle ISR solution–any mission, any domain.”

This selection reinforces AV’s longstanding commitment to advancing U.S. national security objectives and supporting operational readiness across global theaters. The company has successfully delivered advanced ISR support services to the US Naval Forces Southern Command/US 4th Fleet, the US Marine Corps 22nd Marine Expeditionary Unit, and the Korean Navy.

“This is a win for AV and a win for the US Navy,” said Hastings. “Our technology is deployed, proven, and mature. Our team is ready to deliver. We are reshaping our nation’s ISR capabilities.”

NAVAIR Public Release SPR-2026-0153. Distribution Statement A – Approved for public release; distribution is unlimited. 

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AV Unveils LOCUST® X3: Third-Generation Modular Directed Energy Weapon System

03/24/2026

AV Unveils LOCUST® X3: Third-Generation Modular Directed Energy Weapon System

AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced the release of LOCUST® X3, the third generation of AV’s high-energy laser weapon system that delivers precise, speed-of-light engagement for rapid defeat of unmanned aerial threats.

LOCUST X3 builds on lessons learned from widely deployed systems to set a new standard in modular, AI-enabled drone defense—delivering unprecedented precision, scalability, and operational flexibility to defeat current and emerging aerial threats, including Group 1-3 unmanned aircraft systems and unmanned surface vehicles.

Recently featured by CBS News’ 60 Minutes, the LOCUST X3 offers cost-effective engagements below $5 per shot and sustained defense without the reload limitations of traditional defense systems, LOCUST X3 offers a transformative solution for modern air defense.

“In today’s rapidly evolving battlespace, adversaries are deploying mass drone attacks and saturation tactics that threaten mission success and warfighter survivability,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “With LOCUST X3, we deliver an affordable, scalable solution to outpace and neutralize large-scale aerial threats, safeguard critical infrastructure, and maintain decisive advantage wherever the fight demands.”

The new LOCUST X3 features a scalable 20–35+ kilowatt laser, a modular beam director, and advanced AI-enabled detection, tracking, and engagement automation powered by AV_Halo™ PINPOINT, part of the company’s hardware-agnostic software platform for layered counter-Unmanned Aircraft System (C-UAS) defense.

Aligned with Department of War’s mandated Modular Open Systems Approach (MOSA) principles, LOCUST X3 enables rapid upgrades and seamless integration across both fixed and mobile defense platforms. LOCUST X3 builds on the proven legacy of the LOCUST platform, which has been successfully fielded through the Army Multi-Purpose High Energy Laser (AMP-HEL) and Palletized High Energy Laser (PHEL) programs, and validated on platforms like the Joint Light Tactical Vehicle (JLTV) and the Infantry Squad Vehicle (ISV).

“LOCUST X3 transforms how defenders respond to the challenge of massed drone attacks,” said Mary Clum, President of AV’s Space, Cyber & Directed Energy segment. “Its modular design and advanced AI allow for resilient, adaptive protection of critical assets—on any platform, at the tactical edge or at fixed sites. With LOCUST X3, operators can now counter high-volume threats with unmatched speed, precision, and affordability.”

LOCUST X3: Precise, Persistent, and Production-Ready for Modern Defense

Designed for persistent counter-UAS defense, LOCUST X3 offers: 

  • Maintainability and Maneuverability in the Field: The LOCUST X3 is battle tested, leveraging hundreds of lessons learned from prior deployments that drive system performance, and field maintainability—particularly in dynamic, high-density threat environments.
  • Platform Agnostic: The LOCUST X3 is ready for the fight today and in the future, regardless of configuration and platform. Seamless integration on tactical vehicles (e.g., JLTV, ISV), fixed sites for broad platform and mission compatibility, or scaled for maritime environments.
  • Producibility In Mind: The third-generation LOCUST technology optimized for repeatable manufacturing and force-wide deployment. Built with modular subsystems and dual-use, commercially mature components to enable rapid production ramp, reduced unit cost at scale, and sustainable long-term support.
  • Scaled Lethality: The LOCUST X3 leverages best of breed laser capability to scale the lethality of the system to be right sized from low power configurations to high power 30kW+ configurations to be right sized for all customer missions and needs.
  •  AV_Halo PINPOINT Precision: AV’s exclusive software delivers unmatched precision in acquisition, targeting and pointing. This removes the burden on the operator and allows them to focus on the mission while providing seamless tracking, identification, and defeat.

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Iran’s cheap drones are a drain on the U.S. weapons stockpile. Could lasers help fend them off?

03/15/2026

They call it asymmetric warfare: our highly sophisticated interceptor missiles – Patriots, THAADs – against Iran’s low-tech drones, made of materials you can largely get at your corner hobby store.

While attacks by Iranian drones were down this past week, the amount of damage they have done has come as a jolt. An Iranian drone attack caused the first American casualties of the war when it killed six soldiers in Kuwait. Iranian drones are a drain on the U.S. weapons stockpiles and a threat to the Strait of Hormuz. We have found that in the race for a counter weapon, there are contenders that look like science fiction. Lasers that focus on zapping drones out of the sky.

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Why lasers, at $3 per shot, may be the next frontier for stopping drone attacks

Amid attacks from cheaply made Iranian Shahed drones, the U.S. is looking toward new, cost-effective ways to neutralize the threat.

A drone attack killed six U.S. service members in Kuwait. To shoot down the drones, which can cost as little as $20,000 each, the U.S. military is using anti-missile interceptors that cost millions.

Laser technology is still relatively young and experimental. But with a cost of just a few dollars a shot, lasers are being looked at as a possible solution as combatting Iran’s drones drains the U.S. weapons stockpile, according to Wahid Nawabi, CEO of American defense contractor AeroVironment.

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AV Featured on CBS News’ 60 Minutes

AV Featured on CBS News’ 60 Minutes

ARLINGTON, Va., March 15, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, was featured on CBS News’ 60 Minutes in a national television broadcast that examined the company’s role in the rapid evolution of advanced technologies that are shaping the future of global security.

The segment, entitled “Laser Focus,” provided viewers with a behind-the-scenes look at the technologies and engineers driving innovation at AV, while also examining how scalable, cost-effective defense solutions, like AV’s laser weapons systems, are becoming increasingly critical in an era defined by proliferating autonomous threats and rapidly advancing battlefield technologies.

During the program, 60 Minutes correspondent Lesley Stahl visited AV’s Albuquerque, New Mexico facility for a firsthand look at the company’s advanced engineering and development operations, where teams are designing systems capable of detecting, tracking, and defeating increasingly sophisticated unmanned aerial threats. Stahl also interviewed Wahid Nawabi, AV’s Chairman, President and Chief Executive Officer.

“60 Minutes recognized what many of our partners across government and industry already know—that AV is at the forefront of the technologies reshaping modern defense,” said Nawabi. “From autonomous systems to counter-UAS and directed energy laser weapons systems, our teams are developing capabilities designed to address the rapidly evolving threats facing the United States and its allies.”

As part of the segment, Stahl also participated in a demonstration of AV’s LOCUST®, a high-energy laser weapon system capable of defeating aerial threats at the speed of light. Working alongside John Garrity, AV’s Vice President of Directed Energy Systems, Stahl operated the LOCUST system during a controlled demonstration at the company’s New Mexico facility, where she detected, tracked, and neutralized a drone target.

In addition to LOCUST, the segment featured Switchblade®, AV’s man-portable loitering munition system widely used in modern conflicts, including Ukraine.

60 Minutes, one of the most widely viewed and influential news programs in the world, reaches millions of viewers each week and is known for in-depth reporting on issues shaping global policy, technology, and national security.

The full segment is available on CBS News and 60 Minutes digital platforms.

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AV Awarded $97 Million U.S. Army Contract to Advance Next-Generation Sensor Testing

03/05/2026

AV Awarded $97 Million U.S. Army Contract to Advance Next-Generation Sensor Testing

ARLINGTON, Va. – March 5, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leading provider of advanced research and development solutions for national security missions, today announced it has been awarded a three-year, $97.4 million contract under the U.S. Army’s Aviation and Missile Technology Consortium (AMTC) to develop and deliver the Generative Environment for the Next Era of Spectral Imaging Stimulators (GENESIS)—a next-generation Hardware-in-the-Loop (HWIL) test environment for validating advanced missile defense and electro-optical/infrared (EO/IR) sensor systems.

AV will design and integrate prototype test environments—including flight motion table and cryogenic space chamber facilities—at Redstone Arsenal in Huntsville, Alabama, to accelerate the next generation of Integrated Air and Missile Defense (IAMD). The unified environment will enable joint planning, modeling, and validation across space, air, and missile defense domains in support of the Combat Capabilities Development Command Aviation & Missile Center (DEVCOM AvMC), and its government partners.

“True innovation in defense starts long before technology reaches the battlefield—it starts in how we test, refine, and prove it,” said Mary Clum, President of Space, Cyber and Directed Energy at AV. “By creating realistic, repeatable, and scalable testing ecosystems, we’re helping the Army accelerate innovation, strengthen deterrence, and ensure our warfighters maintain a decisive advantage in every domain.”

GENESIS represents a generational leap in Hardware-in-the-Loop (HWIL) capability, integrating advanced multi-spectral projection, ultra–high frame-rate imaging, precision optics, and intelligent facility control systems to recreate complex, real-world environments with unmatched fidelity. By combining real hardware with simulated environments, HWIL and Scene Generation enable realistic, dynamic testing of sensors, guidance, and control systems, allowing DEVCOM AvMC to validate and field technologies faster and with greater confidence, while refining performance, reducing risk, and strengthening the industrial base for future military applications.

“GENESIS shows what’s possible when industry and government align around a shared vision of innovation,” said Johnathan Jones, Senior Vice President for Cyber and Mission Solutions at AV. “We’re pushing the boundaries of sensor testing—advancing realism and precision to help the U.S. military accelerate development, reduce risk, and deliver mission-ready technologies that preserve our nation’s decisive advantage and give warfighters the most capable, reliable systems possible.”

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AV Partners with City of Albuquerque and State of New Mexico in Defense Manufacturing Expansion

03/03/2026

LOCUST

ALBUQUERQUE, N.M. — March 3, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in advanced defense and aerospace solutions, today announced plans to invest more than $30 million to significantly expand its manufacturing operations in Albuquerque, New Mexico.

Supported by an initial $5 million from the State of New Mexico and $1 million from the City of Albuquerque through the Local Economic Development Act (LEDA), the investment will expand AV’s manufacturing operations across its three existing manufacturing sites in the Sandia Science & Technology Park while supporting major capital equipment purchases and workforce growth.

“The growth we’re driving in Albuquerque goes beyond our own business,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “It’s about strengthening the domestic defense industrial base, creating high-quality American jobs, and partnering with New Mexico to continue to develop a durable innovation and manufacturing hub that can deliver when it matters most.”

The investment will further establish a vertically integrated, next-generation manufacturing campus expected to generate more than $670 million in economic impact over the next 10 years, boost production of mission-critical defense and space technologies, create more than 450 high-wage jobs, and strengthen New Mexico’s role in the U.S. defense industrial base by enabling scaled domestic production of directed energy systems and space-grade components that support national security and resilient supply chains.

As part of the expansion, the State of New Mexico and City of Albuquerque have approved a $6 million performance-based incentive package, structured as cash reimbursements tied to verified hiring milestones. The incentive reflects AV’s long-term commitment to New Mexico’s advanced manufacturing and technology workforce, where the company currently employs more than 400 people and has a proven growth record of nearly 30 percent year-over-year from 2023 to 2026.

AV’s Albuquerque operations are a cornerstone of the company’s advanced manufacturing strategy, anchored by its Space & Directed Energy Group, which supports next-generation defense, aerospace, and commercial space programs and develops advanced capabilities, including laser communications, counter-UAS systems, and autonomous and space-based solutions, while also supporting prototype development for U.S. military customers and regional testing and operations.

“This move marks a step change in our ability to deliver mission-critical capabilities at scale,” said Mary Clum, President of AV’s Space, Cyber & Directed Energy segment. “Albuquerque is a strategic production and integration hub for space-grade components and directed energy systems that directly support U.S. national security priorities. The state’s partnership allows us to accelerate manufacturing, strengthen domestic supply chains, and deliver advanced capabilities to our customers faster and more reliably.”

AV currently manufactures several products critical to national security priorities, including advanced radio frequency (RF) systems, satellite communications ground terminals, laser systems and stabilized precision optics and tracking technologies, among others.

“This expansion comes as the federal government continues to emphasize the importance of defense contractors leaning forward, investing in domestic facilities, resilient supply chains, and skilled workforces that can deliver critical capabilities at scale, on time, and cost-effectively,” said Church Hutton, Chief Growth Officer at AV. “AV’s Albuquerque growth reflects this national priority and positions the company to meet accelerating demand across defense, aerospace, and space markets.”

“Albuquerque is where defense innovation becomes advanced manufacturing,” said Mayor Tim Keller. “With LEDA support, AV Defense is expanding here, bringing hundreds of good-paying jobs and strengthening our local economy.”

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AV, Inc. to Announce Third Quarter of Fiscal Year 2026 Earnings and Host Conference Call

02/27/2026

ARLINGTON, Va., February 27, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) will report its financial results for the third quarter of fiscal year 2026, which ended January 31, 2026, after the market closes on March 10, 2026. Management will host a conference call and live audio webcast at 4:30 p.m. Eastern Time that same day to discuss the results.

The call will be led by Wahid Nawabi, AV’s chairman, president, and chief executive officer; Kevin P. McDonnell, executive vice president and chief financial officer; and Denise Pacioni, head investor relations officer.

Investors may access the conference call by registering through the following link up to 10 minutes before the event begins:

Conference Call Details

Date: March 10, 2026 Time: 4:30 p.m. ET | 1:30 p.m. PT | 2:30 p.m. MT | 3:30 p.m. CT Participant registration URL:

https://register-conf.media-server.com/register/BI42ffd1d0f4154de3b038f735824a329c

The live audio webcast will also be accessible via the Investor Relations section of AV’s website, http://investor.avinc.com. Please access the site 15 minutes before the event to ensure any necessary software is downloaded.

Audio Replay

An audio replay and transcript of the event will be archived on the Investor Relations section of the company’s website shortly after the event: http://investor.avinc.com.

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