Category: Press Release

Press Release

AV’s LOCUST Demonstrates Landmark Capability at White Sands with JIATF-401 and FAA

05/06/2026

Coordinated test confirms safe, controlled laser engagement of drone targets in complex national airspace

AV’s LOCUST ® high-energy laser system undergoes testing at White Sands Missile Range, demonstrating safe, precise counter-drone capability in coordination with DOW–FAA national airspace validation efforts. (Photo Courtesy of the U.S. Army).
AV’s LOCUST ® high-energy laser system undergoes testing at White Sands Missile Range, demonstrating safe, precise counter-drone capability in coordination with DOW–FAA national airspace validation efforts. (Photo Courtesy of the U.S. Army).

 

ARLINGTON, Va. – May 6, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced a historic milestone for directed energy and homeland defense following the successful execution of a first-of-its-kind counter-unmanned aircraft system (C-UAS) laser test in coordination with the U.S. Department of War and the Federal Aviation Administration (FAA).

During an early March test event at White Sands Missile Range (WSMR), led by Joint Interagency Task Force 401 (JIATF-401), AV’s LOCUST® high-energy laser system demonstrated its ability to safely and effectively defend U.S. national airspace against emerging drone threats, directly supporting a subsequent agreement between the DOW and FAA that validates the system for domestic use.

“This is a defining moment for directed energy and for the future of homeland defense,” said John Garrity, Vice President for Directed Energy Systems at AV. “LOCUST has now proven its ability to operate safely and effectively in the most complex airspace environment in the world. This achievement accelerates the transition of directed energy from experimentation to operational deployment—delivering a scalable, cost-effective solution to counter the rapidly growing drone threat.”

The test at WSMR demonstrated automated safety shut-off capabilities that ensure the system only engages validated targets, among other safety features. The testing also showed no adverse impact to civilian aircraft during controlled evaluation scenarios and showed precision engagement through strict positive identification protocols.

AV’s LOCUST also showed the ability to hit both stationary and airborne targets to demonstrate accuracy, persistence, and operational realism.

“This successful test showcases the significant advancements we’re making in counter-drone technology to ensure that our warfighters have the most advanced tools to defend the homeland,” U.S. Army Brigadier General Matt Ross, director of JIATF-401 said recently in a joint Press Release. “By working hand-in-hand with the FAA and our interagency partners, the Department of War is proving that these cutting-edge capabilities are safe, effective, and ready to protect all air travelers from illicit drone use in the national airspace.”

The demonstration at WSMR comes amid increasing urgency to address drone incursions across U.S. airspace. The successful validation of LOCUST underscores its role as a critical layer in a modern, integrated air defense architecture—providing precision engagement, deep magazine capacity, and the ability to defeat threats at the speed of light.

“The FAA’s top priority is protecting the safety of the American flying public, and we value the collaboration with the Department of War in that effort,” FAA Administrator Bryan Bedford said in the release. “Following a thorough, data-informed Safety Risk Assessment, we determined that these systems do not present an increased risk to the flying public. We will continue working with our interagency partners to ensure the National Airspace System remains safe while addressing emerging drone threats.”

 AV recently announced LOCUST as a key offering in its new rollout of Halo_Shield™, —a layered, tile-based defense architecture that integrates sensors, battle management, and effectors to identify, detect, track, and defeat evolving aerial threats—positioning the company to help defend critical infrastructure, secure borders, and protect the American public as drone incursions continue to rise across U.S. airspace.

“JIATF-401’s coordination across federal partners was instrumental in aligning operational, safety and regulatory stakeholders for this unprecedented test,” said Mary Clum, President of Space, Cyber and Directed Energy at AV. “PEO Missiles & Space – PAE Fires continues to drive directed energy innovation and fielding, while the FAA’s rigorous safety oversight is enabling the responsible integration of these capabilities into national airspace.”

About AV

AeroVironment (“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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Press Release

U.S. Army Selects AV’s Switchblade® 400 for LASSO Program

05/04/2026

Award establishes Switchblade 400 as key component of Army’s enduring next-generation loitering munition program

ARLINGTON, Va. — May 4, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), today announced that it has been awarded a prototype agreement from the U.S. Army for the Low-Altitude Stalking and Strike Ordnance (LASSO) program to support the rapid development, delivery and testing of the Switchblade® 400 loitering munition.

The award establishes Switchblade 400, AV’s medium-range, man-portable, anti-armor loitering munition, as a key component of the Army’s LASSO Program, supporting the service’s modernization priorities for rapidly deployable, precision strike capabilities that can operate effectively in contested environments.

“This award reflects the Army’s confidence not only in Switchblade 400, but in AV’s ability to deliver at scale,” said Trace Stevenson, President of Autonomous Systems at AV. “Being selected under the LASSO program positions AV as a long-term partner to the Army as it modernizes its loitering munition capabilities, from development and testing through production, fielding, and continuous capability evolution.”

The first loitering munition purpose-built to operate within AV_Halo™, AV’s modular command-and-control ecosystem, Switchblade 400 incorporates advanced aided target recognition (ATR) and autonomous capabilities to detect, classify, and engage targets, day or night, in denied and contested environments while delivering the same anti-armor performance comparable to larger systems, like the Switchblade 600 Blk 2.

Core to Switchblade 400 is the implementation of a Modular Open Systems Approach (MOSA) in system design to ensure long term system resilience and relevance allowing for interoperability, upgradeability, and affordability as missions evolve.

Known as the “Lightweight Tank Destroyer,” and sized to fit common launch tubes, Switchblade 400 enables a sensor-to-shooter concept of operations that allows a single soldier to detect, identify, and engage targets through a unified, networked architecture – shortening decision timelines while increasing precision, speed, and operational flexibility at the tactical edge. The system features an all-up round (AUR) weighing under 40 pounds that provides the soldier with a lightweight, man-portable, anti-tank weapon system.

“Switchblade 400 is the product of continuous feedback from the field and the soldiers who rely on our systems in real-world operations,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “We are constantly leaning forward, integrating new capabilities, enhancing performance, and reducing the burden on the warfighter. That soldier-driven approach is central to how we develop, test, and deliver capability for the Army.”

The new OTA award under LASSO follows a recent $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, part of the Army’s existing five-year, $990 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract under the Lethal Unmanned Systems (LUS) Directed Requirement (DR), which was awarded in August 2024.  It was the Army’s first Switchblade order containing EFP payload, delivering enhanced lethality against armored threats.

“The Army’s trust in the Switchblade family has been earned through years of real-world use by soldiers who rely on these systems every day,” said Jimmy Jenkins, Executive Vice President of Precision Strike and Defense Systems at AV. “That trust reflects a clear operational need for precision, speed, and adaptability at the tactical edge—capabilities the Switchblade family is designed to deliver as missions and threats continue to change.”

About AV

AeroVironment (“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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Press Release

AV Announces Halo_Shield™, Comprehensive Tile-Based C-UAS Solution

04/28/2026

Unique, Modular Layered Defense Architecture System Combines the Best of AV and its OEM Suppliers to Protect Critical Asset Locations
Halo Shield
Halo_Shield™ is a modular, tile-based defense that delivers scalable, layered protection to detect, track, and defeat evolving aerial threats across the modern battlespace. (Photo AV)

ARLINGTON, Va. — April 28, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in multi-domain defense solutions today announced the release of Halo_Shield™, a modular, distributed, and cost-effective counter-unmanned aircraft system (C-UAS) designed to predict, detect, track, identify and defeat advanced airborne threats—including Group 1–5 UAS, coordinated drone swarms, and subsonic cruise missiles—protecting critical infrastructure and deployed forces worldwide.

AV made the announcement at Modern Day Marine on April 28 at the Walter E. Washington Convention Center in Washington, D.C.

Developed as part of AV’s holistically integrated C-UAS strategy, Halo_Shield introduces a unique, tile-based layered defense architecture that is open, scalable, and adaptable to today’s evolving threats. The system is designed to support emerging homeland defense priorities by enabling resilient, area-wide protection of high-value U.S. and allied partner assets, including borders, military installations, and other critical infrastructure. AV is currently demonstrating capabilities and has deployed Halo_Shield tiles at select critical sites.

“The character of the air threat has fundamentally changed,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “Cheap, massed, and coordinated aerial systems are stressing traditional point defenses. Halo_Shield is our answer—a collaborative, modular approach that brings together the best of AV and a trusted supplier ecosystem to close those gaps.”

At the core of Halo_Shield is a mission-tailored, distributed and domain-specific tile architecture—comprising Sentinel, Terrestrial, Nautical, Aerial and Celestial tiles. Each tile delivers a specialized combination of sensors, effectors, and command-and-control capabilities, drawing on technology from AV and its trusted ecosystem of suppliers. The result is a cost-efficient defense architecture that is offense-ready, extends protection beyond point defense and sustains decisive situational advantage in contested battlespaces across air, land, sea and space.

Designed for plug-and-play integration, Halo_Shield is deployable as portable fly-away kits and integrates seamlessly with existing customer sensors, effectors, and command-and-control frameworks—delivering scalable, resilient, area-wide protection with minimal training and personnel demands. Powered by AV_Halo™, AV’s unified software platform, the system is purpose-built yet agnostic, designed to incorporate new capabilities while seamlessly integrating with customers’ existing command-and-control systems.

“Halo_Shield is engineered like an edge processing-capable set of tiles for modern air defense,” said Larry Lloyd, Senior Vice President of Strategic Initiatives at AV. “Each tile is a self-contained capability that can operate on its own or snap together to build exactly the defense architecture a mission demands. That modularity lets operators scale, adapt, and reconfigure in real time as threats evolve, without redesigning the system or retraining the force. It’s how you move from static point defense to a living, mission-tailored shield.”

The unique tile-based architecture integrates a tailored mix of sensors and effectors from AV and its trusted partners, unified by an overarching battle manager. It includes systems such as AV’s LOCUST® laser weapon system, Switchblade® loitering munitions, and Titan® 4 and Titan MS RF C-UAS systems, among others.

With AV_Halo™ COMMAND, each tile can operate independently or be rapidly combined to extend detection ranges, accelerate the kill chain, and expand coverage across large geographic areas for preferential engagement.

Halo_Shield is a game-changing architecture:

  • Affordably extending defensive protection beyond traditional C-UAS point defense
  • Optimizing sensors and effectors placement to maximize mission effectiveness
  • Maximizing the system’s weapons carrying capacity to address all threat scenarios
  • Disaggregating the C-UAS mitigation cycle at the tile level to simplify higher echelon command and control (C2) workload
  • Integrating left of launch with offensive delivery to thwart threats prior to attack

More information about each tile, Sentinel, Terrestrial, Nautical, Aerial and Celestial, will be released in upcoming announcements.

About AV

AeroVironment (“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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For additional media and information, please follow us:

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Press Release

AV Successfully Demonstrates LOCUST Laser Weapon System Aboard USS George H.W. Bush

04/21/2026

ARLINGTON, Va., April 21, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced the successful demonstration of its palletized LOCUST® Laser Weapon System (LWS) aboard the USS George H.W. Bush (CVN-77) in October 2025 in collaboration with the U.S. Navy and the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO).

During the live-fire event, the Palletized High Energy Laser (P-HEL) system tracked, engaged, and neutralized multiple target drones—marking a major milestone toward fielding operational directed energy capabilities across all domains and platforms. This achievement validates that the LOCUST LWS is truly platform-agnostic, seamlessly transitioning from fixed-site and land-based mobile platforms, such as the Joint Light Tactical Vehicle (JLTV) and Infantry Squad Vehicle (ISV), to the dynamic and demanding environment of a maneuvering aircraft carrier.

“LOCUST delivers effective, all-domain protection against emerging drone threats at the speed of light—on any platform, in any domain, for any mission,” said John Garrity, Vice President of Directed Energy Systems at AV. “Rolling LOCUST onto a ship and quickly initiating operations facilitates the expanded use of high-energy lasers across the Fleet without the need for costly, time-consuming ship modifications. This is a game-changer for the Navy and for our national security.”

LOCUST’s successful shipboard operation showcases:

  • True platform flexibility: Rapid integration across ground and maritime platforms
  • Ship compatibility: LOCUST features roll-on, roll-off capabilities and can recharge its battery bank or fully run off ship’s power,–marrying an unlimited DE magazine with an essentially unlimited power source while reducing logistical footprint and integration complexity
  • Precision aim point and beam control: Accurately acquiring targets, tracking, and eliminating threats on a dynamic, moving shipboard platform
  • Proven lethality: Engaging and defeating multiple aerial threats in a realistic operational environment
  • Cross-service commonality: Open interfaces and a common laser weapon system architecture fulfill the requirements of multiple services

AV’s LOCUST family of high-energy laser systems provides scalable, proven solutions for countering unmanned aerial systems and other evolving threats, enabling the joint force to defend against emerging challenges with unmatched precision, speed, and efficiency–on land and at sea. LOCUST is part of AV’s suite of layered C-UAS solutions, including the radio frequency (RF)-based Titan C-UASTM family of products and the Freedom Eagle (FE-1) kinetic missile–all enabled by AV_Halo open architecture software.

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Army Selects AV’s VAPOR® CLE for Medium Range Reconnaissance Program

04/20/2026

ARLINGTON, Va., April 20, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced it was awarded a $14.6 million production contract by the U.S. Army for the VAPOR® Compact Long Endurance (CLE) unmanned aircraft system (UAS), its all-electric vertical takeoff and landing (VTOL) platform, under the Company-Level Directed Requirement (CoLvl DR) Small Uncrewed Aircraft System (SUAS), Tranche 2.

The award supports the Army’s Medium Range Reconnaissance (MRR) initiative, one of the Army’s ongoing unmanned systems procurements.

“Being selected for the Company-Level Directed Requirement validates VAPOR CLE’s performance, adaptability, and mission value,” said Jason Hendrix, Vice President and General Manager of SUAS at AV. “This award reflects AV’s commitment to delivering operationally relevant, rapidly deployable solutions that meet the Army’s urgent needs and evolving mission requirements.”

The Army’s CoLvl DR effort delivers commercially available SUAS capabilities to Brigade Combat Teams (BCTs) to meet immediate operational needs, emphasizing UAS as a complete system. This approach enables modular, reconfigurable, and attritable payloads for reconnaissance, surveillance, and target acquisition, while enhancing adaptability, operational effectiveness, and soldier-driven experimentation to shape future requirements.

Engineered for demanding missions, the VAPOR CLE all-electric helicopter UAS sets a new standard for endurance, payload capacity, and field adaptability. Designed for operations across austere environments — from Arctic terrain to contested maritime conditions — the platform combines rugged reliability with a compact, deploy-anywhere design. Its modular open architecture and multi-sensor payload bay make it one of the most versatile small VTOL systems available.

Its folding airframe and compact pack-out system enable case-to-flight in as little as two minutes, delivering exceptional portability and speed to launch. Ruggedized for extreme weather and harsh sea states, VAPOR CLE can carry up to 24 pounds of payload or lethal munitions and deliver up to two hours of endurance, outperforming other all-electric quadcopters and competing helicopter UAS platforms in its class.

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AV’s Precision Hardware Points Artemis II Laser Link to Earth

04/15/2026

Laser Communications BannerARLINGTON, Va. – April 15, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced that its precision pointing hardware was on board NASA’s historic Artemis II Mission as part of the Orion Artemis II Optical Communications System (O2O) – a laser communications terminal developed by the Massachusetts Institute of Technology Lincoln Laboratory in collaboration with NASA Goddard Space Flight Center.

During the Artemis II mission, O2O used lasers to send high-resolution video and images of the lunar surface back to Earth. AV’s best-in-class laser gimbal allowed the spacecraft to precisely point the laser at terrestrial receivers, providing high‑speed data links between astronauts in lunar orbit and ground stations. The technology enabled data transfer at speeds “orders of magnitude more than we get via our S-band telemetry system,” NASA Flight Director Rick Henfling told the New York Times.

“Contributing to the Artemis II mission is an honor for our team,” said Wahid Nawabi, Chairman, President and Chief Executive Officer at AV. “Our role is focused but critical: making sure the laser communications beam is precisely pointed back to Earth so that astronauts can send large volumes of data quickly and reliably.”

As part of O2O payload, AV delivered a two-axis gimbal and launch latch assembly that provided coarse pointing of the laser communications beam toward the ground station as the spacecraft changed orientation during its mission. The O2O laser communications terminal was delivered to NASA in 2023 to support the Artemis II mission.

“Laser communications systems like O2O dramatically increase the speed and amount of data a mission can send and receive in a single transmission compared to traditional radio frequency systems,” said Mary Clum, President of Space, Cyber and Directed Energy at AV. “When you can return more images, more video and more science data, you accelerate discovery — and that’s what ultimately advances human exploration.”

AV also supplied multiple fast steering mirrors that provide jitter stabilization and extremely fine pointing adjustments to compensate for small motions on board the spacecraft caused by equipment operation, crew movement and environmental disturbances while in flight.

All of these components are precision‑engineered to survive the intense vibration and acceleration of launch on one of the world’s largest rockets and then deliver ultra‑stable performance in space. Together, they enable payload pointing with an accuracy on the order of a single micro‑radian—roughly equivalent to hitting a one millimeter target from one kilometer away.

Historically, AV has delivered over 150 subsystems across critical mission areas, including laser communications, for a range of customers. AV’s work on the Artemis II laser communications terminal builds on the company’s decades of experience in advanced electro‑optical systems, precision pointing mechanisms and mission‑critical hardware for challenging space environments.

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AV Introduces MAYHEM 10: Multi-Role Launched Effects System at AAAA 2026

AV Introduces MAYHEM 10: Multi-Role Launched Effects System at AAAA 2026

ARLINGTON, Va. — April 15, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced the debut of MAYHEM 10, a groundbreaking, multi-role launched effects system purpose-built for deployment from air, ground, and maritime platforms.

MAYHEM 10 is an autonomous, multi-role launched effects system that delivers significant operational versatility with a modular payload that supports interchangeable lethal and non-lethal effects—including intelligence surveillance and reconnaissance (ISR), electronic warfare, communications relay, and precision strike—tailored to specific mission requirements and adaptable as operational conditions change.

“MAYHEM 10 sets a new standard for operational versatility and survivability on the modern battlefield,” said Wahid Nawabi, Chairman, President and Chief Executive Officer at AV. “By integrating advanced autonomy, multi-domain payloads, and rapid adaptability, we empower our forces to sense, disrupt, and strike with precision—even in the most contested environments. This breakthrough allows commanders to extend their reach, accelerate decision-making, and maintain superiority without putting crews or high-value assets at unnecessary risk.”

Developed on the heritage of AV’s Switchblade® family and designed for demanding, contested environments, MAYHEM 10 boasts a 10-pound (4.5 kg) payload capacity, up to 100 km operational range, 50 minutes of endurance, and readiness for assembly and launch in less than five minutes.

Built using a Modular Open Systems Approach (MOSA), the system supports seamless upgrades, third-party payload integration, and unified control through AV’s Tomahawk Grip controller and AV_Halo™ COMMAND interface, empowering networked, distributed, and scalable employment alone or in collaborative swarms to execute multiple effects in parallel and adapt quickly to evolving threats and mission needs.

“MAYHEM 10 changes how forces generate combat power by enabling collaborative swarm operations at scale,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “Operators can employ multiple systems to work collaboratively—expanding coverage, overwhelming defenses, and executing synchronized effects across the battlespace—without increasing platform risk or force concentration.”

MAYHEM 10 features a removeable forward modular payload for rapid integration of third-party payloads to enhance mission flexibility. Its self-contained launcher supports flexible deployment across dismounted, mobile ground, air-mounted and vehicle-mounted operations.

Advanced autonomy is powered by an AI-driven processor and enables effective operations in contested and denied environments, with resilience to jamming, spoofing, and navigation-denied conditions. Secure navigation and communication are facilitated by M-Code GPS and Silvus datalink, while a MANET secure mesh network ensures robust command-and-control links with a 25-40 km link range.

Key features of the MAYHEM 10.

  • Multi-Platform Extended Standoff: Deployable from air, ground, and maritime platforms, MAYHEM 10 extends host-platform standoff by enabling threat detection and engagement at range—pushing sensing and effects 100+ km forward while reducing risk to crews and high-value assets.
  • One System, Multiple Effects: A single MAYHEM 10 supports configurations for Intelligence, Surveillance, and Reconnaissance (ISR), electronic warfare/disruption, deception/decoy, communications relay, and precision strike with up to 10 lbs of tailorable nonlethal or lethal payloads—without changing launch concepts.
  • Scalable, Coordinated Effects: Employ MAYHEM 10 individually or in collaborative swarms to expand coverage, overwhelm or confuse defenses, and execute multiple effects in parallel—without concentrating forces or crewed platforms.
  • Autonomy for Contested Environments: AI-enabled autonomy allows MAYHEM 10 to maintain mission effectiveness through jamming, spoofing, degraded communications, and denied navigation, reducing reliance on continuous operator control and operator burden.
  • Built to Adapt and Evolve: A Modular Open Systems Approach (MOSA)-based, interoperable architecture enables rapid payload integration, autonomy upgrades, and system employment keeping MAYHEM 10 aligned with evolving threats, networks, and priorities.

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AV Appoints Sean Woodward as Chief Financial Officer

04/13/2026

AV Appoints Sean Woodward as Chief Financial Officer

ARLINGTON, Va., April 13, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced the appointment of Sean T. Woodward as Executive Vice President and Chief Financial Officer, effective May 1, 2026. Woodward succeeds Kevin McDonnell, who will be stepping down from the role, as announced earlier this year. McDonnell will remain with the Company in an advisory role through July 2026 to help ensure a smooth transition of responsibilities.

Woodward is a seasoned finance leader with more than 22 years of experience in defense technology, including at AV, General Dynamics, and Honeywell Aerospace. Woodward joined AV in 2010 and has spent more than 15 years in leadership roles across the company supporting AV’s revenue growth and profitability that led AV to becoming a global defense technology leader with roughly $10 billion in market cap. Woodward most recently served as CFO of AV’s Autonomous Systems (AxS) segment, where he has been instrumental in growing and expanding several key franchise programs within AxS, and was responsible for the segment’s FP&A, operational finance, pricing and cost estimating, government accounting compliance, and program controls. Over his tenure at AV, Woodward has played a key role in building and scaling the finance organization, strengthening financial reporting, and supporting execution across the enterprise.

“Sean brings deep institutional knowledge and a strong understanding of our financial and business strategy, and he has been instrumental in AV achieving its strategic growth goals,” said Wahid Nawabi, Chairman, President and Chief Executive Officer. “Sean has played a critical role in commercializing several of our high-growth products, which are now key franchises for the company. His leadership has strengthened our finance organization while supporting AV’s expansion and integration efforts – a critical attribute that will play an increasingly important role as we internally build our systems and processes enabling AV to effectively scale. I look forward to continuing to work with Sean in his new role as CFO as we execute our growth strategy and deliver shareholder value.”

“I am honored to step into the role of CFO and look forward to building on our strong financial foundation,” said Woodward. “I am focused on continued collaboration with our leadership team in support of AV’s growth priorities to ensure the company remains well positioned for its next phase of execution.”

Woodward holds a Bachelor of Science in business management from the University of South Florida and an MBA with a concentration in Finance from the University of Tampa.

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AV Appoints Dr. Robert Smith as Chief Operating Officer

04/09/2026

Dr. Robert SmithAV Appoints Dr. Robert Smith as Chief Operating Officer

Defense Veteran to Strengthen Operational Execution as AV Scales Manufacturing and Supply Chain Capabilities

ARLINGTON, Va., April 9, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced the appointment of Dr. Robert (Rob) Smith as Executive Vice President and Chief Operating Officer, effective April 13, 2026.

In this role, Dr. Smith will oversee the Company’s Autonomous Systems (AxS) and Space, Cyber and Directed Energy (SCDE) business units, as well as the Company’s global operations and manufacturing footprint. His appointment reflects AV’s continued focus on scaling manufacturing to meet rising customer demand, strengthening operational execution and enhancing capabilities in a dynamic global defense environment. Dr. Smith will report to Wahid Nawabi, Chairman, President and Chief Executive Officer.

Dr. Smith joins AV from Raytheon, an RTX company, where he most recently served as Vice President, Radio Frequency Solutions. At Raytheon, Dr. Smith oversaw the P&L for a multi-billion-dollar radar and electronic warfare business. Previously, he was Vice President of Mission Suites, responsible for leading the development and delivery of integrated sensor and electronic warfare products and systems for U.S. and international customers.

“Rob is a proven global operations leader with a track record of driving performance at large, complex and industry-leading defense companies,” said Wahid Nawabi, Chairman, President and Chief Executive Officer. “I am excited to welcome Rob to the team as we accelerate our work to build a stronger AV, scale our manufacturing capabilities, strengthen our supply chain and ensure our operations can support the growing demand we are experiencing.”

“AV is pioneering the development and delivery of leading-edge autonomous defense technologies, and I am honored to join the team at this important time,” said Dr. Smith. “I have admired AV’s portfolio and success and look forward to working with Wahid and the leadership team to advance the Company’s strategic priorities, deliver for our customers and drive value creation for shareholders.”

About Dr. Rob Smith

Prior to joining Raytheon, Dr. Smith was the Senior Vice President and General Manager, Integrated Defense Solutions for CAES. Previously, he was President of Government Operations at BWX Technologies (BWXT), where he was responsible for all of the company’s U.S.-based nuclear business lines, including the company’s work for the Naval Nuclear Propulsion Program, the U.S. Department of Energy, the National Nuclear Security Administration, NASA and other government customers. Prior to joining BWXT, Dr. Smith held multiple executive roles at Lockheed Martin, and Nantero’s Government Business Unit where he played a critical role in the acquisition by Lockheed. He was also a Director at Windermere and a civil servant in the intelligence community where he held various operational, engineering, and leadership positions. Dr. Smith holds a bachelor’s degree (Cum Laude) in chemical engineering from the University of Maryland Baltimore County, a Ph.D. in chemical engineering from Auburn University, and a MBA from Johns Hopkins University.

 

About AeroVironment, Inc.

AeroVironment (“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 that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

AeroVironment
+1.703.418.2828
pr@avinc.com

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AV Acquires Empirical Systems Aerospace, Inc.

03/16/2026

ARLINGTON, Va. and San Luis Obispo, CA. — March 16, 2026 — AeroVironment, Inc. (“AV” or the “Company”) (NASDAQ: AVAV) today announced that it has acquired Empirical Systems Aerospace, Inc. (“ESAero”), a leading producer of unmanned aircraft systems (UAS) and advanced air mobility (AAM) platforms.

ESAero is recognized for its deep engineering expertise, innovative electric and hybrid propulsion capabilities, rapid aerospace prototyping, and AS9100 Certified UAS manufacturing. Operating out of a 32,000 sq. ft. design and prototyping facility and a 53,000 sq. ft. manufacturing facility in San Luis Obispo, CA, with multiple integration and test facilities in the area, ESAero has expanded its operations to support system testing and advanced product development. ESAero’s culture of technical rigor and rapid innovation also aligns with AV’s mission-focused approach and commitment to developing mission-critical solutions tailored to U.S. Department of War requirements.

“ESAero brings an impressive agility in moving from design to manufacturing, which will accelerate AV’s ability to bridge the gap between conceptual design and manufacturing execution,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “ESAero’s capabilities are vital to addressing the urgent demands of a fast-growing defense tech market, where emerging needs are driving next-generation innovation and product development. We look forward to welcoming the team to the AV family.”

“Joining AV represents a unique opportunity to amplify the reach and impact of our innovative work and achieve greater success,” said Andrew Gibson, President, CEO and co-founder of ESAero. “By combining ESAero’s engineering and manufacturing capabilities with AV’s unmatched expertise in autonomous systems, we are positioned to advance disruptive aerospace technologies and deliver real, timely value for our customers. I’d like to thank the talented ESAero team for their unwavering dedication, whose efforts have brought us to this pivotal point in our journey.”

The acquisition will further solidify AV’s position as a global defense technology leader spanning air, land, sea, space, and cyber domains and enhance the Company’s ability to seamlessly transition from innovative design to advanced manufacturing—a capability critical to addressing the urgent demands of an evolving defense tech market.

The acquisition will also strengthen AV’s leadership in electric and hybrid propulsion systems while establishing ESAero’s AS9100-certified California facilities as a center of excellence for advanced prototyping and manufacturing. These facilities specialize in conceptual air vehicle designs, electric and hybrid propulsion system development, aircraft modifications, sub-scale technology demonstrators, rapid system prototyping, design for and full-scale manufacturing.

The acquisition of ESAero follows AV’s $4.1 billion acquisition of BlueHalo in May 2025, marking the second transaction for the defense tech leader in less than a year. Together, these moves signal AV’s intent to integrate best-in-class innovation hubs into a cohesive suite of capabilities trusted by governments and industries worldwide.

Transaction Details

Under the terms of the agreement, AV acquired ESAero in a transaction valued at approximately $200 million, with approximately $160 million in stock and the remainder in cash, subject to post-closing adjustments and holdbacks. The transaction is expected to be accretive to adjusted EBITDA in the first year following the close.

ESAero will operate as a subsidiary of AV, reporting into AV’s Precision Strike and Defense Systems group, under the Loitering Munition Systems business unit, furthering production capability in AV’s existing line of loitering munitions, missiles, drones and existing adjacent domains. ESAero leadership and employees are expected to integrate into AV’s operations and culture post-close.

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AeroVironment Announces Fiscal 2026 Third Quarter Results

03/10/2026

ARLINGTON, VA, March 10, 2026 — AeroVironment, Inc. (NASDAQ: AVAV) (“AeroVironment” or the “Company”) reported today financial results for the fiscal third quarter ended January 31, 2026.

Third Quarter Highlights:

• Third quarter revenue of $408.0 million
• Bookings of $2.1 billion and book-to-bill ratio of 1.6 for the first nine months of the fiscal year
• Record funded backlog of $1.1 billion

“While our third quarter results were impacted by revenue timing and adjustments in our Space business, demand for our unique solutions remains robust,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Strong order flow and growth in funded backlog during the quarter are setting the stage for record fourth quarter revenue and a solid start to fiscal year 2027. We are executing with discipline, scaling manufacturing ahead of demand and accelerating the commercialization of our platforms to improve profitability and time to market. We believe there are tremendous opportunities ahead for AV to shape the next era of defense and we remain confident in our ability to deliver long-term shareholder value.”

FISCAL 2026 THIRD QUARTER RESULTS

Revenue for the third quarter of fiscal 2026 was $408.0 million and $1.3 billion of revenue for the first nine months of the fiscal year. Revenue for third quarter of fiscal 2026 increased 143% as compared to $167.6 million for the third quarter of fiscal 2025, due to higher product sales of $138.1 million and higher service revenue of $102.3 million. The acquisition of BlueHalo on May 1, 2025 contributed to $85.1 million and $91.4 million of the current quarter product and service revenue, respectively. From a segment standpoint, Autonomous Systems (“AxS”) recorded revenue of $278.7 million and Space, Cyber and Directed Energy (“SCDE”) recorded revenue of $129.3 million.

Gross margin for the third quarter of fiscal 2026 was $98.8 million, an increase of 56% as compared to $63.2 million for the third quarter of fiscal 2025, reflecting higher product margin of $19.1 million and higher service margin of $16.5 million. Fiscal 2026 third quarter gross margin was negatively impacted by $12.7 million of intangible amortization expense and other related non-cash purchase accounting expenses, as compared to $3.7 million in the third quarter of fiscal 2025. As a percentage of revenue, gross margin fell to 24% from 38%, primarily due to an increase in the proportion of service revenue resulting from the BlueHalo acquisition and the increased amortization and other non-cash purchase accounting expenses.

Impairment of goodwill for the third quarter of fiscal 2026 was $151.3 million. In January 2026, a stop-work order was received on the Company’s Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support Space Force’s Satellite Communication Augmentation Resource (“SCAR”) program. We concluded that the stop-work order represented a trigger event that indicated the carrying value of the Space reporting unit exceeded its fair value. As a result, we updated our estimates of the long-term cash flows of the Space reporting unit to reflect the reduced revenue associated with the stop-work order as well as an increase in expected research and development and capital investments to achieve product commercialization, which is expected to result in expanded opportunities and improve long term product margins. The changes in estimates resulted in the recognition of a goodwill impairment charge of $151.3 million in the Space reporting unit.

Loss from operations for the third quarter of fiscal 2026 was $(179.0) million as compared to $(3.1) million for the third quarter of last fiscal year. The current quarter was negatively impacted by $43.9 million of intangible amortization and other related non-cash purchase accounting expenses as compared to $4.8 million in the third quarter of fiscal 2025. The decrease year-over-year was primarily due to the goodwill impairment of $151.3 million recorded during the third quarter of fiscal 2026 related to Space, an increase in selling, general and administrative (“SG&A”) expense of $55.6 million, which includes an increase of $30.1 million of intangible amortization expense and incremental headcount resulting from our acquisition of BlueHalo which closed on May 1, 2025, partially offset by a decrease of $3.1 million of acquisition related expenses, an increase in research and development (“R&D”) expense of $4.6 million, partially offset by an increase in gross margin of $35.6 million.

Other income, net for the third quarter of fiscal 2026 was $3.3 million, as compared to $0.7 million for the third quarter of fiscal 2025. The increase year-over-year was primarily due to an increase in interest income due to a combination of higher cash and investment balances and lower interest bearing debt balances.

Benefit from income taxes for the third quarter of fiscal 2026 was $(19.5) million, as compared to $(0.6) million for the third quarter of last fiscal year. The increase year-over-year was primarily due to the loss before income taxes, partially offset by non-deductible goodwill impairment.

Net loss for the third quarter of fiscal 2026 was $(156.6) million, or $(3.15) per diluted share, as compared to $(1.8) million, or $(0.06) per diluted share, in the prior-year period, respectively. The current quarter was negatively impacted by goodwill impairment charges of $151.3 million, or $2.95 per diluted share, and $43.9 million, or $0.70 per diluted share, of intangible amortization and other related non-cash purchase accounting expenses as compared to $4.8 million, or $0.13 per diluted share, in the third quarter of fiscal 2025.

Non-GAAP adjusted EBITDA for the third quarter of fiscal 2026 was $44.5 million and non-GAAP earnings per diluted share were $0.64, as compared to $21.8 million and $0.30, respectively, for the third quarter of fiscal 2025.

BACKLOG

As of January 31, 2026, funded backlog (defined as remaining performance obligations under firm orders for which funding is currently appropriated to us under a customer contract) was $1.1 billion, as compared to $726.6 million as of April 30, 2025.

FISCAL 2026 — OUTLOOK FOR THE FULL YEAR

For fiscal year 2026, the Company now expects revenue of between $1.85 billion and $1.95 billion, net loss of between $(218) million and $(201) million, non-GAAP adjusted EBITDA of between $265 million and $285 million, loss per diluted share of between $(4.44) and $(4.10) and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, other non-cash purchase accounting expenses, goodwill impairment, equity securities investments gains or losses, and equity method income or loss of between $2.75 and $3.10.

The foregoing estimates are forward-looking and reflect management’s view of current and future market conditions, subject to certain risks and uncertainties, including certain assumptions with respect to our ability to efficiently and on a timely basis integrate acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, react to changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates and investors should review all risks related to achievement of the guidance reflected under “forward-looking statements” below and in the Company’s filings with the Securities and Exchange Commission.

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Tuesday, March 10, 2026, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, chairman, president and chief executive officer, Kevin P. McDonnell, executive vice president and chief financial officer, and Denise Pacioni, investor relations director, will host the call.

Investors may access the call by registering via the following participant registration link up to ten minutes prior to the start time.

Participant registration URL:
https://register-conf.media-se…

Investors may also listen to the live audio webcast via the Investor Relations page of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation for the third quarter fiscal year 2026 can be accessed at https://investor.avinc.com/events-and-presentations.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company’s website at http://investor.avinc.com.

About AeroVironment, Inc.

AeroVironment (“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 that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

AeroVironment
+1.703.418.2828
pr@avinc.com

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AV Issues Statement Regarding Active Negotiations for Contract Amendment to Support U.S. Space Force’s SCAR Program

03/03/2026

Confident in ability to successfully deliver AV’s systems ahead of competitors 

ARLINGTON, Va., March 3, 2026 – AeroVironment, Inc. (“AV” or the “Company”) (NASDAQ: AVAV), a global defense technology leader, today issued the following statement regarding the U.S. Space Force’s delivery of BADGER phased array antenna systems to support the Satellite Communications Augmentation Resource (“SCAR”) program:

We remain in active negotiations with the U.S. Space Force regarding AV’s contract to deliver  ground stations to support the SCAR program. AV appreciates that the contract was temporarily paused while both parties work together on a firm-fixed-price contract that provides a commercialized product solution with an expedited delivery timeline. AV is focused on aligning to customer needs and, as separately announced, is actively investing in expanding manufacturing capacity in Albuquerque, New Mexico to support growth in our Space and Directed Energy platforms, including manufacturing for the SCAR program.

AV’s innovation and ability to scale ahead of manufacturing remains a key differentiator, giving us a competitive edge in the broader defense market. AV is confident in its ability to successfully deliver our systems ahead of competitors.

As previously announced, AV will report its financial results for the third quarter of fiscal year 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.

 

About AeroVironment, Inc.

AeroVironment (“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 that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

AeroVironment
+1.703.418.2828
pr@avinc.com

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