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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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The Human Is Infrastructure: Readiness in the Age of Autonomy

02/26/2026

The Human Is Infrastructure: Readiness in the Age of Autonomy

By Dr. Stephaney Shanks, Vice President, Health and Performance Technologies 

For decades, military infrastructure has been defined as platforms, networks, logistics, and installations. Yet, as autonomous technologies reshape the battlespace, one truth is increasingly unavoidable, and too often overlooked: The human operator is the most critical element of military infrastructure. The future of readiness will not be defined by machines alone, but by how well we enable the humans who command, control, and collaborate with them.

The warfighter is both person and critical component of the weapons system. That duality shapes how we innovate. It drives us to design technologies that support operator mental and physical performance during their service and throughout their lives. Centering the human in our work acknowledges that warfare is a human endeavor, correctly frames system optimization and, frankly, honors their sacrifice.

I lead AV’s efforts focused on the heart of the human decision-making process. In this work, performance technologies are not ancillary health tools; they are foundational infrastructure. We see the warfighter as a measurable, protectable, and optimizable element of the force, and guide the development of precision medicine, AI/ML-enabled health tools, and wearable and drone-mounted sensing systems that give operators the edge, so when autonomy fails or behaves unexpectedly, the human can act immediately. The technologies pioneered for military health do not stop at the battlefield; they ripple outward, strengthening healthcare for civilians, first responders, families, and communities everywhere. Equipping these groups of incredible people is exactly why I got into this industry.

I began my career grounded in public health and microbiology, focused on environmental exposure and protecting human health. Like many Americans, the events of September 11, 2001 reshaped my sense of purpose. As our nation entered the global war on terror, I felt a profound responsibility to apply my training in service of those who would carry the burden of that conflict. What began as a public health calling evolved into a mission-driven commitment to protect the health and performance of the brave men and women of the U.S. military, who volunteer to put their lives in harm’s way every day and who operate every day under extraordinary physical, cognitive, and environmental stress.

These people’s missions do not execute themselves. Humans remain indispensable for judgment, authorization, adaptation, and accountability. They supervise autonomy, intervene when systems fail, and operate in the ambiguity that machines are not yet equipped to resolve. As autonomy scales, the operator does not disappear from the system. They become the decisive node.

The prevailing assumption is that autonomy reduces human burden. In practice, it often simply redistributes it. Supervising multiple autonomous systems, interpreting AI-driven outputs, and making time-compressed decisions under uncertainty place extraordinary cognitive and physiological demands on operators.

Fatigue, cognitive overload, stress, injury, and environmental exposure are not personal health concerns, they are mission-level risks that propagate across platforms. If aircraft maintenance, fuel supply, and network resilience are infrastructure investments, then operator readiness deserves the same innovation, rigor, instrumentation, and lifecycle management.

Traditionally, human performance is assessed episodically during training, pre-deployment screenings, or post-mission evaluations. This model no longer aligns with modern operations, where stressors accumulate continuously and readiness can change rapidly. The future is persistent, unobtrusive sensing paired with real-time analytics in systems that operate in the background, delivering insight without distracting from the mission. This is not about overwhelming the warfighter with large, complex dashboards. It is about enabling commanders, medics, and operators themselves to identify risks earlier, intervene sooner, and sustain performance during forward, distributed, resource-constrained missions.

A critical enabler of this shift is the maturation of flexible hybrid electronics (FHE). FHE allows sensing, processing, and connectivity to be embedded directly into body-conformal systems, enabling continuous monitoring without compromising mobility, comfort, or compliance. This represents a fundamental change in how infrastructure is deployed. Instead of surrounding the human with systems, we can now integrate infrastructure with the human themselves.

RehabXR, part of AV’s nxtHealth® product line, reflects this approach by combining wearable sensing, immersive environments, and adaptive analytics for concussion and mild traumatic brain injury rehabilitation. It continuously assesses movement quality, neuromuscular performance, and recovery trajectories. RehabXR enables rehabilitation and performance optimization that is operationally relevant and interactive rather than episodic and with secure, real-time data delivery to clinicians.

As we strive for increased system autonomy in contested and resource-constrained environments, data from FHE-enabled devices alone will not create advantage. Advantage comes from what is done with that data. This requires on-device, edge computing to turn raw measurements into real-time guidance without reliance on cloud infrastructure.

This philosophy underpins AV’s ChemiSens™ portfolio, including biohybrid sensors that integrate biology with advanced electronics developed in partnership with the Air Force Research Laboratory. These sensors detect and characterize chemical exposures with high specificity and sensitivity, while processing signals locally for rapid response. When combined with human performance monitoring, ChemiSens can extend readiness beyond physiology alone, linking environmental exposure directly to functional degradation, stress response, and cognitive load.

AV recognizes that human performance technologies have direct relevance beyond defense. Capabilities developed for warfighter readiness – continuous monitoring, exposure awareness, adaptive recovery, and early risk detection – naturally translate to civilian settings where safety, resilience, and sustained performance are equally critical. Platforms like RehabXR and ChemiSens can support applications for first responders, industrial workers, elite athletes, transportation operators and healthcare professionals. The dual-use model accelerates technology transition, lowers cost to the taxpayer, and strengthens national resilience.

Human performance is no longer a support function. It is strategic infrastructure, and it must be built with the same intent, precision, and urgency as any other element of national security. In an age of autonomy, the human remains the ultimate point of accountability and our decisive advantage.

ABOUT THE AUTHOR

Stephaney Shanks, Ph.D. is a health, defense, and technology executive serving as Vice President of Health & Performance Technologies at AV. She leads multi-site teams and a $35M+ portfolio to develop real-world medical technologies, precision medicine, AI/ML health tools, and wearable systems for military and commercial health applications.

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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 Receives $186 Million U.S. Army Delivery Order for Next-Generation Switchblade Systems

AV Receives $186 Million U.S. Army Delivery Order for Next-Generation Switchblade Systems

ARLINGTON, Va. — February 26, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in autonomous systems and precision strike solutions, today announced receipt of a $186 million delivery order from the U.S. Army for Switchblade® 600 Block 2 and Switchblade® 300 Block 20 explosively formed penetrator (EFP) loitering munition systems.

The order was issued under the Army’s existing five-year, $990 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for Lethal Unmanned Systems (LUS), which was awarded in August 2024. This delivery order marks the U.S. Army’s first procurement of AV’s next-generation Switchblade product line, underlining a significant step forward in fielding advanced, precision loitering munitions across infantry and maneuver formations. It is the Army’s first Switchblade order containing EFP payload, delivering enhanced lethality against armored threats.

“This delivery order reflects the Army’s confidence in the next evolution of the Switchblade family and its relevance to modern, contested battlefields,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “Switchblade 600 Block 2 and Switchblade 300 Block 20 build on years of combat experience while delivering meaningful upgrades in autonomy, resilience, and lethality tailored to today’s operational demands.”

Switchblade 600 Block 2 is AV’s most advanced long-range loitering munition to date, designed for multi-domain operations and ruggedized for maritime and highly contested environments. Developed in collaboration with United States Special Operations Command (SOCOM), the system features upgraded avionics and advanced Automatic Target Recognition (ATR), enabling faster detection, identification, and engagement of threats. Integrated resilient communications, including Silvus MANET radios, support distributed operations and extended handoff ranges, while improved navigation and mission resilience allow effective employment in GPS-challenged environments. These upgrades provide commanders with increased reach, flexibility, and confidence against armored and high-value targets.

Switchblade 300 Block 20 introduces a new modular payload capability to the combat-proven, backpackable loitering munition. For the first time, the Army has procured the system with an Explosively Formed Penetrator (EFP) payload, delivering enhanced lethality against armored threats while retaining the speed, portability, and ease of use that have made Switchblade 300 a trusted solution at the small-unit level. The Block 20 configuration also includes sensor improvements, enhanced user interfaces, and extended range options, allowing rapid, precision effects beyond line of sight.

Together, the Switchblade 600 Block 2 and Switchblade 300 Block 20 provide the Army with a scalable family of precision loitering munitions—from lightweight, single-operator systems to long-endurance, multi-domain capabilities—designed to operate seamlessly across echelons and mission sets.

“This delivery order further advances the Army’s Lethal Unmanned Systems Directed Requirement and reinforces AV’s role as the leading provider of combat-proven loitering munition systems,” said Young. “As we continue to invest in expanding Switchblade manufacturing capacity and accelerating delivery timelines, we are continuing to meet the growing demand for these products from U.S. and allied forces.”

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AV Announces Retirement of Chief Financial Officer Kevin McDonnell

AV Announces Retirement of Chief Financial Officer Kevin McDonnellARLINGTON, Va., February 23, 2026 – AeroVironment, Inc. (“AV” or the “Company”) (NASDAQ: AVAV), a global defense technology leader, today announced that Kevin McDonnell, Executive Vice President and Chief Financial Officer, has informed the Company of his decision to retire from AV, effective July 31, 2026.

“Kevin has played an important role in strengthening AV’s financial performance, driving improved profitability during a period of revenue, bookings and backlog growth,” said Wahid Nawabi, Chairman, President and Chief Executive Officer. “On behalf of our Board and leadership team, I thank Kevin for his contributions to the Company and our finance organization. We wish him all the best in his retirement.”

McDonnell joined AV in 2020. During his tenure as CFO, AV strengthened its balance sheet, enhanced its financial and operational discipline, completed strategic acquisitions and organic growth initiatives, and reinforced its capital allocation framework to drive long-term shareholder value.

“It has been a privilege to work with Wahid and the team at AV during an important period for the Company, including with the successful integration of BlueHalo,” said Kevin McDonnell, Executive Vice President and Chief Financial Officer. “I am proud of the progress we have made in strengthening our financial foundation and supporting our strategy. AV is well positioned for the future, and I look forward to watching the Company’s continued success.”

AV is actively working to find a successor and McDonnell will continue to support through the transition period.

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