Category: Press Release

Press Release

AeroVironment Announces Fiscal 2027 First Quarter Results

09/09/2026

ARLINGTON, VA, September 9, 2026 — AeroVironment, Inc. (NASDAQ: AVAV) (“AeroVironment” or the “Company”) reported today financial results for the fiscal first quarter ended August 1, 2026. 

 

First Quarter Highlights: 

 

  • Record revenue for the first quarter of $480.5 million, up 6% year-over-year 
  • Bookings of $0.7 billion and book-to-bill ratio of 1.4 for the quarter 
  • Record funded backlog of $1.5 billion, up 37% year-over-year 

“AV’s fiscal year 2027 is off to a strong start, with record first-quarter revenue and funded backlog and landmark strategic wins,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Our team is united in our mission to execute with discipline and capture demand for the key franchise programs that matter most to our customers, and that is exactly what we did in the first quarter.” 

 

“Our customers are continuing to field autonomous capabilities at increasing scale, and our priority is expanding manufacturing capacity across our sites and strengthening our supply chain so we can deliver for our customers at the speed their missions require. We are excited for the opportunities ahead as we extend our track record of value creation for shareholders, customers and all stakeholders that rely on AV.” 

 

FISCAL 2027 FIRST QUARTER RESULTS 

 

Revenue for the first quarter of fiscal 2027 was $480.5 million, an increase of 6% as compared to $454.7 million for the first quarter of fiscal 2026, due to higher product sales of $15.5 million and higher service revenue of $10.3 million. From a segment standpoint, Autonomous Systems (“AxS”) recorded revenue of $346.0 million and Space, Cyber and Directed Energy (“SCDE”) recorded revenue of $134.5 million. 

 

Gross margin for the first quarter of fiscal 2027 was $124.6 million, an increase of 31% as compared to $95.1 million for the first quarter of fiscal 2026, reflecting higher product margin of $32.6 million, partially offset by lower service margin of $(3.2) million. Fiscal 2027 first quarter gross margin was negatively impacted by $18.5 million of intangible amortization expense and other related non-cash purchase accounting expenses, as compared to $37.4 million in the first quarter of fiscal 2026. As a percentage of revenue, gross margin rose to 26% from 21%, primarily due to a decrease in intangible amortization and other non-cash purchasing accounting expenses. 

 

Loss from operations for the first quarter of fiscal 2027 was $(10.9) million as compared to $(69.3) million for the first quarter of last fiscal year. The current quarter was negatively impacted by $43.4 million of intangible amortization and other related non-cash purchase accounting expenses as compared to $79.7 million in the first quarter of fiscal 2026. The decreased year-over-year loss was primarily due to an increase in gross margin of $29.5 million; a decrease in selling, general and administrative expense of $19.8 million, which includes a decrease of $17.4 million of intangible amortization expense and a decrease of $22.5 million in acquisition related expenses, partially offset by an increase in employee related costs associated with incremental headcount; and a decrease in research and development (“R&D”) expense of $9.2 million. 

 

Other income, net for the first quarter of fiscal 2027 was $3.5 million, as compared to other loss, net of $(15.1) million for the first quarter of fiscal 2026. The increase year-over-year was primarily due a decrease in interest expense related to the term and revolver facility loans obtained in conjunction with the BlueHalo acquisition in the prior year and subsequently settled with proceeds from the issuances of convertible notes and equity in July 2025. 

 

Benefit from income taxes for the first quarter of fiscal 2027 was $(0.4) million, as compared to $(15.2) million for the first quarter of last fiscal year. The decrease in tax benefit was primarily attributable to the decrease in net loss before income taxes. 

 

Net loss for the first quarter of fiscal 2027 was $(5.1) million, or $(0.10) per diluted share, as compared to $(67.4) million, or $(1.44) per diluted share, in the prior year period, respectively. The current quarter was negatively impacted by $43.4 million, or $0.69 per diluted share, of intangible amortization and other related non-cash purchase accounting expenses as compared to $79.7 million, or $1.34 per diluted share, in the first quarter of fiscal 2026. 

 

Non-GAAP adjusted EBITDA for the first quarter of fiscal 2027 was $53.4 million and non-GAAP earnings per diluted share were $0.59, as compared to $56.6 million and $0.32, respectively, for the first quarter of fiscal 2026. 

 

BACKLOG 

 

As of August 1, 2026, funded backlog (defined as remaining performance obligations under firm orders for which funding is currently appropriated to us under a customer contract) was $1.5 billion, as compared to $1.2 billion as of April 30, 2026. 

 

FISCAL 2027 — OUTLOOK FOR THE FULL YEAR 

 

For fiscal year 2027, the Company continues to expect revenue of between $2.125 billion and $2.225 billion, net income of between $10 million and $27 million, non-GAAP adjusted EBITDA of between $305 million and $325 million, earnings per diluted share of between $0.21 and $0.53 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets and other non-cash purchase accounting expenses, of between $3.02 and $3.34. 

 

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. 

 

CONFERENCE CALL AND PRESENTATION 

 

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Wednesday, September 9, 2026, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, chairman, president and chief executive officer, Sean T. Woodward, 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.mediaserver.com/register/BId4b51029829c4cc2bf060cb73f3e901f 

 

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 first quarter fiscal year 2027 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, precision strike systems, 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. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance. For more information visit: www.avinc.com. 

 

FORWARD-LOOKING STATEMENTS 

 

This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on 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 the forward-looking statements. 

 

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our ability to successfully close and integrate acquisitions into our operations and avoid disruptions from acquisition transactions that will harm our business; the recording of goodwill and other intangible assets as part of acquisitions that are subject to potential impairments in the future and any realization of such impairments; any actual or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products, whether due to restrictions and sanctions imposed by foreign governments or otherwise; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government, including uncertainties in classification, pricing or potentially burdensome imposed terms for certain types of government contracts; availability of U.S. government funding for defense procurement and R&D programs; our ability to win U.S. and international government R&D and procurement programs, including foreign military financing aid; changes in the timing and/or amount of government spending, including due to continuing resolutions and/or changing government priorities; adverse impacts of any U.S. government shutdown; our ability to realize the anticipated benefits of the BlueHalo transaction or other acquisitions; our ability to execute contracts for anticipated sales, perform under such contracts and other existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; the extensive and increasing regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with applicable law, regulatory requirements, and contractual obligations; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats or the risk of unauthorized access to and resulting misuse of our, our customers’ and/or our suppliers’ information and systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; our ability to increase production capacity to support anticipated growth; unexpected changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; any increase in litigation activity or unfavorable results in legal proceedings, including pending class actions, or litigation that may arise from or in conjunction with our recent acquisitions; our ability to respond and adapt to legal, regulatory and government budgetary changes; our ability to comply with the covenants in our loan documents, outstanding convertible notes or acquisition and merger agreements for acquisitions; our ability to attract and retain skilled employees, including retention of employees of acquired companies; the impact of inflation; and general economic and business conditions in the United States and elsewhere in the world; and the failure to establish and maintain effective internal control over financial reporting. 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. 

 

NON-GAAP MEASURES 

 

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. See in the financial tables below the calculation of these measures, the reasons why we believe these measures provide useful information to investors, and a reconciliation of these measures to the most directly comparable GAAP measures. 

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Press Release

AV Secures First International Order for LOCUST® Directed Energy Counter‑Drone Systems

09/08/2026

Operationally proven laser weapon system receives first international purchase order valued at more than $50 million, highlighting growing global demand for scaled directed energy defense for counter–UAS missions.  

ARLINGTON, Va., SEPTEMBER 8, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced it has received its first international purchase order for the LOCUST® Laser Weapon System. The landmark, first of its kind direct commercial sale (DCS) order, valued at more than $50 million, marks a significant milestone in the global adoption of AV’s directed energy counter‑drone capabilities. 

The purchase order covers an initial delivery of AV’s mission‑proven LOCUST systems and associated support. The award follows AV’s recent selection by the U.S. Army for a $464.8 million Enduring-High Energy Laser (E-HEL) contract, representing the first-ever production contract for high energy laser weapon systems in United States history. 

“This first international order signals increasing global recognition that high‑energy laser weapon systems are essential to modern air defense,” said Wahid Nawabi, President, Chairman and Chief Executive Officer at AV. “The threat from low-cost drones is global and has fundamentally changed the economics of warfare. LOCUST gives our customers an affordable, scalable way to defeat drone threats at scale without relying solely on expensive interceptors.” 

 “This first international order for LOCUST is a pivotal milestone in our directed energy roadmap,” said Mary Clum, President of Space, Cyber, and Directed Energy at AV. “We are not only accelerating the fielding of an operationally proven laser weapon system, we are also establishing a foundation for sustained and expanded international adoption to provide layered innovation in counter‑drone defense.” 

To support the growing demand for LOCUST, AV recently announced it is investing more than $30 million to expand its Albuquerque, New Mexico manufacturing campus, creating a vertically integrated production hub to scale domestic and international production of directed energy, space, and advanced defense technologies while also adding more than 450 jobs and generating over $670 million in economic impact. 

In addition to this latest international award, LOCUST has helped drive  first‑of‑their‑kind milestones for U.S. directed energy, from achieving the military’s first acknowledged laser kills on the southern border and defeating multiple drones from the deck of the USS George H. W. Bush, to successful integrations on Infantry Squad Vehicles and Joint Light Tactical Vehicles under the AMP‑HEL initiative and multiple high‑profile live‑fire events at White Sands Missile Range observed by military and defense leaders, including Secretary of War Pete Hegseth who recently operated the system at White Sands.  

The Federal Aviation Administration and the Department of War have also signed a landmark safety agreement creating a pathway for LOCUST to operate safely in U.S. airspace, following FAA review of the system’s domestic deployment.  

These achievements firmly establish LOCUST as one of the most operationally proven laser weapon systems in the American arsenal. 

MORE ON LOCUST 

LOCUST is an operationally proven high-energy laser weapon system that combines advanced sensing, tracking and directed-energy defeat capabilities against Group 1-3 unmanned aircraft systems and other aerial threats. The modular system supports fixed-site, palletized and mobile deployment and can integrate with multiple cueing sensors and command-and-control (C2) networks.   

Recently featured on CBS News’ 60 Minutes, the operationally‑proven LOCUST laser weapon system delivers engagements for less than $10 per shot and provides sustained defense unconstrained by the reload limitations of traditional air defense systems, offering a truly transformative solution for modern air defense. 

LOCUST serves as a central piece of AV’s Halo_Shield™ modular layered air defense platform, providing best‑in‑breed detection, surveillance, and directed energy defeat capability alongside AV’s Titan® C‑UAS system and Freedom Eagle™‑1 next‑generation missile. Halo_Shield is an interoperable, distributed, and layered system that detects, tracks, and defeats drones, swarms, and other evolving aerial threats. 

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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Media Contact:  

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ir@avinc.com 

805.795.4108 

 

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Press Release

AV’s LOCUST® Selected for Nearly $500 million Army Counter-UAS Contract for Enduring-High Energy Laser (E-HEL) Program

09/02/2026

ARLINGTON, Va., September 2, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in proven autonomous and counter-drone systems, today announced it has been awarded a landmark contract valued at $464.8 million by the U.S. Army Portfolio Acquisition Executive for Fires (PAE Fires) program office for the Enduring-High Energy Laser (E-HEL) program.  

This award represents the first-ever production contract for high energy laser weapon systems in United States history, signaling a historic transition from prototype to production for laser weapon systems.  

“This award marks a defining moment not only for AV, but for the future of modern defense,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “The transition of directed energy from experimentation to an enduring, fielded capability reflects years of collaboration, innovation, and operational success alongside the U.S. Army. We are proud to deliver these production systems and support the Army’s mission with scalable, modular, and cost-effective defense solutions.” 

Under this Other Transaction Agreement (OTA), AV will deliver dozens of LOCUST® X3 laser weapon systems over the next few years in support of multi-year fielding requirements, advancing the Army’s layered air defense capabilities against group 1-3 unmanned aircraft systems (UAS) while also solidifying directed energy as a cornerstone of future battlefield operations.  

AV’s LOCUST X3, a 30-kilowatt platform-agnostic system, will be integrated with various platforms such as the Army’s Joint Light Tactical Vehicle (JLTV), with options for palletized configurations, while analyzing the potential to integrate on an Infantry Squad Vehicle (ISV) in the near future. As part of the program, AV will also provide ongoing system support and training. 

The E-HEL program builds upon the success of the Army Multi-Purpose High Energy Laser (AMP-HEL) prototypes currently in use by the Army.  

The contract follows LOCUST’s successful testing at White Sands Missile Range, led by Joint Interagency Task Force 401 (JIATF-401) and PAE Fires, which demonstrated safe, effective counter-drone operations in U.S. airspace and directly enabled a DOW–FAA safety agreement validating the system for domestic use. 

By entering production, the E-HEL program enables the Army to field a sustainable, scalable, and cost-effective solution against UAS. The ramp up in production will be supported by a $30 million investment in AV’s Albuquerque, NM facility that was announced in March of 2026.  

“This program represents the culmination of years of operational lessons learned and rapid prototyping,” said John Garrity, Vice President of Directed Energy Systems at AV. “E-HEL is not a future capability, it is a production-ready system, built on proven technology, and designed to meet the demands of today’s fight while scaling for tomorrow’s threats.” 

The award further reinforces AV’s leadership in directed energy and its role as a trusted partner to the U.S. Department of War. The company’s platform-agnostic approach enables integration across multiple mission sets and platforms, ensuring flexibility and rapid deployment in diverse operational environments. 

As the Army transitions to procurement at scale, the E-HEL program establishes a foundation for sustained production, innovation, and fielding of next-generation laser weapon systems, delivering capability “at the speed of light.” 

About LOCUST® 

AV’s LOCUST family of directed energy systems represents a breakthrough in counter-UAS defense, delivering precise, scalable, and cost-effective protection against evolving aerial threats. Its performance was recently featured on CBS News’ 60 Minutes, underscoring its growing relevance in modern defense and broader adoption. LOCUST was also successfully demonstrated aboard the U.S. Navy’s USS George H.W. Bush. The system was also validated in joint testing with JIATF-401 at White Sands Missile Range, a demonstration that informed Department of War and Federal Aviation Administration coordination on the safe use of lasers in domestic airspace. The latest evolution, LOCUST X3, introduces enhanced power, modularity, and AV_Halo™ AI-driven targeting and serves as a key effector within AV’s Halo_Shield™ architecture. 

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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ir@avinc.com 

805.795.4108 

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Press Release

AV Awarded Contract for Three Autonomous Helicopters in Support of NASA’s SkyFall Mission to Mars

08/27/2026

AV partnering with NASA’s Jet Propulsion Laboratory (JPL) to unlock new research capabilities above and below the Martian surface ahead of a planned 2028 launch. 

ARLINGTON, Va., August 27, 2026 – AeroVironment, Inc. (“AV”), a global defense technology leader, today announced that its MacCready Works advanced solutions team has been awarded a contract for the co-design and co-manufacture of three Mars helicopters for NASA’s SkyFall mission with the agency’s Jet Propulsion Laboratory (JPL), taking the project from future concept to a formally funded Mars science mission and a path toward launch in late 2028. 

SkyFall is the first mission to fly a team of three instrument-carrying helicopters on Mars, demonstrating a fully integrated system capable of autonomous atmospheric entry and powered descent.  

AV and JPL are building on their experience as co‑developers of NASA’s Ingenuity Mars Helicopter, which completed 72 historic flights at Jezero Crater. Together, the teams are evolving Ingenuity‑derived designs into SkyFall: an active NASA mission under the Science Mission Directorate, optimized to deliver high‑value science for the Mars Exploration Program. 

“With Ingenuity, AV and JPL proved we could fly on Mars. Now, with SkyFall, we’re taking AV’s high‑volume uncrewed systems mindset into planetary exploration and showing that Mars helicopters can be built as a repeatable product line, not a one‑off delivery,” said Jeff Rodrian, Head of MacCready Works, AV’s advanced research and development organization. “It’s also a powerful example of public‑private partnership; AV and JPL building on Ingenuity’s success to create a helicopter platform that NASA can apply to many different science missions over multiple launch windows.” 

AV is leading the design and production of key elements of the SkyFall helicopters, including rotor systems, airframes, structures, avionics integration, and accommodation for multiple science payloads. JPL is leading the design and development of the power system, electronics, algorithms and software. The helicopters will carry a JPL‑designed ground‑penetrating radar (GPR) to look below the Martian surface, delivering new insight into shallow subsurface ice, central to both Mars science and future human exploration.  

New to this mission is a new “SkyFall maneuver.” This technique releases the three helicopters directly from the carrier spacecraft into the Martian atmosphere, where they separate, deploy, descend, and land under their own power. By eliminating the need for a single-use lander stage or a host rover (as Ingenuity required with Perseverance), this approach significantly reduces the technical and financial risk of getting to the Martian surface. 

JPL’s GPR instruments carried by the helicopters are designed to map subsurface ice at fine spatial resolution, enabling more precise assessment of where water ice is located and implications for science and future human exploration. In addition, each aircraft will host instruments that will provide data on the Martian atmosphere, dust particle transport, and other key environmental processes. 

“Just like here on Earth, Mars helicopters can cover distance quickly and can go places that might be impossible to reach by ground,” said Will Pomerantz, Head of Space Ventures at AV. “The three SkyFall helicopters are going to show us parts of Mars we’ve never seen before and return mountains of data for scientists to pore over. The science community may guide these helicopters to places where the ground penetrating radar can map out the precise location of ice below the Martian surface.” 

NASA currently plans a launch window in November 2028, followed by a cruise to Mars, with arrival timing tuned to local time, dust conditions, and power needs. 

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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805.795.4108 

 

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Press Release

AV to Present at the 2026 Jefferies Global Industrials Conference

ARLINGTON, Va., August 27, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) will participate in the upcoming 2026 Jefferies Global Industrials Conference in New York City, New York.  AV Chairman, President and Chief Executive Officer Wahid Nawabi and Executive Vice President and Chief Financial Officer Sean Woodward will participate in a fireside chat on September 10 at 12:50 p.m. ET (11:50 a.m. CT | 9:50 a.m. PT). The fireside chat will be available by webcast at the times listed above and archived on the Company’s website at the link below: 

https://event.summitcast.com/view/e82pfcbT4UwH79PoqVE5jB/FdrSzAFqDzzqoXN2PC5xKh  

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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AV Receives $51 Million U.S. Army Order for Switchblade® 600 Loitering Munitions

08/26/2026

Award under Lethal Unmanned Systems IDIQ reflects growing demand for AV’s next-generation, long-range precision loitering munitions and proven Switchblade 600 performance. 

ARLINGTON, Va., August 26, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in defense technology, autonomous systems and precision strike solutions, today announced receipt of a $51 million delivery order from the United States Army for additional Switchblade® 600 Block 2 loitering munition systems. The order also includes Switchblade 600 Block 1 systems in support of a Foreign Military Sale to a key United States ally. 

The order was awarded under the Army’s existing five-year, $990 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for Lethal Unmanned Systems (LUS), originally issued in August 2024.  

This latest award represents a follow-on procurement to the Army’s initial order for the next-generation Switchblade product line and underscores the strong, sustained demand for AV’s battle-proven long-range, precision loitering munitions. 

“Continued investment by the U.S. Army in Switchblade 600 Block 2 reflects both the growing demand for long-range, precision loitering munitions and the proven reliability of the Switchblade family in demanding operational environments,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “Building on the success of Switchblade 600 Block 1, Block 2 continues to deliver the meaningful upgrades in autonomy, resilience, and lethality tailored to the Army’s needs in contested, multi-domain operations.” 

This order also reflects AV’s expanding production capacity and performance on prior Switchblade 600 deliveries.  

“This new delivery order under the LUS IDIQ further validates Switchblade 600 Block 2 as a next-generation, scalable fires solution for the Army,” said Young. “As we expand our manufacturing capacity and accelerate delivery timelines, we’re ensuring that U.S. soldiers have reliable, combat-proven loitering munitions that deliver precision effects at range while keeping them out of harm’s way.” 

Since 2025, Switchblade 600 has been fielded across more than 20 brigade combat teams while hundreds of U.S. soldiers have been trained on the system’s operation and employment. 

Switchblade 600 Block 2 is 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 incorporates upgraded avionics and advanced automatic target recognition including SPOTR AiTR, to enable 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 enhancements provide commanders with increased reach, flexibility, and confidence against armored and other high-value targets. 

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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Deb Richardson
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667.356.1377 

  

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805.795.4108 

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AeroVironment, Inc. to Announce First Quarter of Fiscal Year 2027 Earnings and Host Conference Call

ARLINGTON, Va., August 26, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) will report its financial results for the first quarter fiscal year 2027, which ended August 1, 2026, after the market closes on Wednesday, September 9, 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, AeroVironment’s chairman, president, and chief executive officer; Sean Woodward, executive vice president and chief financial officer; and Denise Pacioni, vice president and head of investor relations.  

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

Conference Call Details 

Date: September 9, 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/BId4b51029829c4cc2bf060cb73f3e901f 

The live audio webcast will also be accessible via the Investor Relations section of AeroVironment’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. 

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, precision strike systems, 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. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance. 
For more information visit: www.avinc.com.   

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AV to Invest $100 Million in New Unified Campus in Southern California

08/24/2026

Moorpark Campus Will Bring Five Southern California Locations Together And Positions AV For Its Next Era of Growth 

ARLINGTON, Va. – August 24, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in intelligent, multi-domain defense technologies, today announced a planned $100 million investment in a unified company-owned campus on approximately 20 acres in Moorpark, California. The campus will bring teams and capabilities from five leased Southern California locations together to strengthen collaboration across research, engineering, design, prototyping, and production.  

“This infrastructure investment reaffirms AV’s enduring commitment to California, where the company was founded more than five decades ago,” said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. “We are reinvesting in labs, lines and people,” said Nawabi. “The campus will be designed around how our teams work, with modern, flexible spaces that support focused work, technical collaboration and future growth.” 

Mission Velocity, Future Capacity 

The campus will be designed to provide flexibility to accommodate future technologies and evolving mission requirements.  

“This is about how fast we can move from an idea to getting a system in the hands of the warfighter, and how much more capability we can deliver,” said Rob Smith, Chief Operating Officer at AV. “Creating a unified campus will reduce the friction of operating across multiple locations and provide a connected environment designed for speed, collaboration and growth.” 

Strengthening AV’s California Presence 

Founded in Southern California, AV is deepening its roots in the state through long-term ownership of the Moorpark campus. Research and development, engineering, design and production will remain core elements in California operations. The Moorpark investment complements AV’s broader national manufacturing network, strengthening resilient capacity across the company to meet growing demand from U.S. and allied customers.  

Timeline and Next Steps 

AV closed on the primary property during its fiscal second quarter. Renovation and construction activities are expected to begin in fiscal 2028, with employee transitions occurring in phases and the campus expected to be fully operational in 2029. The investment is part of AV’s planned capital expenditures within its previously issued fiscal 2027 guidance.  

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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AeroVironment to Establish Industrial Presence in Greece Through AV Eagle

08/20/2026

Joint venture with Eyeonix SA will create a foundation for local production capabilities in support of Greek, European, and U.S. defense priorities.

ATHENS, Greece, AUGUST 21, 2026— AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in all-domain defense technologies, today announced it will establish an industrial presence in Greece through AV Eagle, a joint-venture with Athens-based Eyeonix SA, following the completion of a definitive shareholders agreement and securing Foreign Direct Investment approval from the Hellenic Republic Ministry of Foreign Affairs.  

The joint venture builds on more than a decade of cooperation between AV and Eyeonix and is intended to expand AV’s ability to pursue defense opportunities in Greece and across the broader European market. AV Eagle is expected to become operational in fiscal year 2027 and provide a platform for future investing, localization and production as requirements and customer opportunities mature.  

“The security environment in Europe has created unprecedented demand for advanced, reliable autonomous systems,” said Wahid Nawabi, Chairman, President and Chief Executive Officer at AV. “This joint venture is about more than delivering technology—it’s about building long-term capacity with Greece and our NATO allies and partners, creating opportunities for local industry, and scaling manufacturing to meet urgent operational needs.” 

Expected activities with this joint venture include potentially establishing a new facility in Greece to manufacture and assemble unmanned aerial systems, loitering munition systems, and counter-unmanned aircraft systems (C-UAS) for defense and civil protection customers in Greece and the broader European market. Production capabilities are expected to be operational by 2028, with employment opportunities expected to grow as production opportunities mature.   

AV Eagle will collaborate with local industry and the Hellenic Center for Defence Innovation to accelerate fielding timelines, strengthen allied readiness and reinforce supply chain resilience. 

“At a time of increasing geopolitical complexity—particularly along EU’s Eastern Flank—the need for interoperable, scalable, and sovereign unmanned and counter-UAS capabilities has never been more critical,” said George K. Strouzakis, Chief Executive Officer of Eyeonix SA. “Together with AV, we are advancing a new model of European defense industrial cooperation—one that supports modernization, aligns with evolving EU defense doctrines, and leverages emerging financing instruments to accelerate capability deployment. By combining proven U.S. technologies with European innovation and integration expertise, we are strengthening resilience, enhancing operational readiness, and contributing to a more unified and capable European defense posture.” 

AV will hold a majority ownership interest in AV Eagle and the joint venture will be consolidated within AV’s financials statements. AV’s initial capital investment in the joint venture was included in the company’s previously provided financial guidance.  

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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AV Appoints Aerospace and Defense Executive Michael D. Ruppert to Board of Directors

08/07/2026

ARLINGTON, Va.– Aug. 7, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced that it has appointed Michael D. Ruppert to its Board of Directors, effective August 5, 2026. 

Mr. Ruppert brings more than 25 years of financial, strategic and corporate development experience in the aerospace and defense sector to AV. He has served as EVP and Chief Financial Officer of ManTech since 2023 where he leads ManTech’s financial planning and analysis, accounting, treasury, cash management, and acquisition strategy functions. 

“Michael brings exceptional financial leadership, strategic insight and deep aerospace and defense industry experience to AV,” said Wahid Nawabi, AV’s chairman, president and chief executive officer. “As AV continues executing its growth strategy and advancing its portfolio of mission-critical capabilities, I am confident Michael’s highly relevant expertise and fresh perspectives will make him a meaningful addition to our Board.” 

“AV has established a strong position in some of the most important and rapidly evolving areas of defense technology,” said Mr. Ruppert. “I look forward to working with Wahid and my fellow directors as the company continues innovating products, scaling capacity and executing with excellence.” 

The company also announced that Charles Thomas Burbage has informed the Board of his decision not to seek re-election and to retire from the Board at the company’s 2026 Annual Meeting of Stockholders. Mr. Burbage has served on AV’s Board since 2013 and currently serves on its Nominating and Corporate Governance, Compensation, and Executive Committees. 

“On behalf of the Board, I thank Tom for his many contributions to AV over the years,” said Nawabi. “His oversight has helped guide the company through a period of significant growth and expansion, leading to the diversified, multi-domain defense technology company AV is today. We are grateful for his leadership and guidance.” 

“I have had a front row seat as AV expanded its capabilities and helped reshape the defense technology landscape since I joined the Board,” said Burbage. “I retire from the Board with tremendous respect for the AV team and my fellow Board members, and I am confident the path of success will continue for AV, a trailblazer in the industry.” 

About Michael D. Ruppert 

Mr. Ruppert has served as ManTech’s Chief Financial Officer since 2023, where he leads ManTech’s financial planning and analysis, accounting, treasury, cash management, and acquisition strategy functions. Previously, Mr. Ruppert held several senior leadership roles at Mercury Systems, including Chief Financial Officer. Earlier in his career, Mr. Ruppert co-founded an aerospace and defense-focused M&A advisory firm and held senior investment-banking roles at UBS Securities, Lehman Brothers and Lazard. 

 Mr. Ruppert holds a Bachelor of Science in Finance from the University of Virginia and a Master of Business Administration from the University of Virginia’s Darden School of Business. 

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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AeroVironment Announces Planned Retirement of Stephen F. Page from Board of Directors

07/29/2026

ARLINGTON, Va. – July 29, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced that Stephen F. Page, a member of AV’s Board of Directors (the “Board”), has informed the Board of his decision not to seek re-election and to retire from the Board at the company’s 2026 Annual Meeting of Stockholders.

During his 13 years on AV’s Board, Mr. Page provided strategic, financial and governance oversight that supported the company’s growth and evolution into a leading multi-domain defense technology provider.

“Since Steve joined AV’s Board 13 years ago, the company has evolved from a pure-play UAS business into a cutting-edge provider of autonomous, space, cyber and directed energy systems,” said Wahid Nawabi, AV’s chairman, president and chief executive officer. “Steve’s financial discipline and governance rigor were a steady hand through that transformation. On behalf of the Board and our entire team, I thank Steve for his dedicated service, and we wish him all the best.”

“It has been a privilege to serve on AV’s Board and to support the company as it diversified its platform and sharpened its operational excellence,” said Mr. Page. “I am grateful for the opportunity to work alongside my fellow directors and the company’s management team as we strengthened the company’s position as a leading defense technology innovator. I am proud of what we have accomplished together and remain highly confident that the company is well positioned for continued growth, success and value creation.”

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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Media Contact: 

BJ Koubaroulis
bj.koubaroulis@avinc.com
747.324.5358

Investor Contact: 

Denise Pacioni
ir@avinc.com
805.795.4108

 

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AV and Applied Intuition Establish Strategic Collaboration to Advance Uncrewed Teaming

Applied Intuition’s Acuity ISR/Strike software to enable collaborative hunter-killer and swarm behaviors on AV’s ​​Mayhem™ 10 Launched Effects system  

ARLINGTON, Va. and SUNNYVALE, Calif., July 29, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leader in uncrewed aircraft systems, and Applied Intuition, Inc., a global leader in physical AI and collaborative autonomy software, today announced a strategic teaming agreement to advance uncrewed teaming capabilities for the United States Military and its allies.  

Under the agreement, Applied Intuition’s Acuity ISR/Strike software will be integrated into AV’s Mayhem™ 10 launched effects system, enabling autonomous collaborative hunter-killer and swarm operations in contested environments. Under the supervision of a single operator, the integrated solution will enable teams of Mayhem 10 to autonomously find, fix, track, target, and engage targets at the tactical edge. 

The collaboration directly supports the U.S. Army’s Launched Effects program and is designed to scale across short, medium, and long range launched effects requirements and displays AV’s commitment to open architecture. 

“Mayhem 10 isn’t just a munition. It’s an architecture,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “We built it as an open, modular system from the beginning. That allows us to integrate multiple payloads like EO/IR sensors, electronic warfare packages, communications relays, and lethal effects onto a single platform. It also allows us to bring in third-party software and autonomy much more quickly, treating capability more like an application than a fixed feature set.” 

By leveraging a Modular Open Systems Approach (MOSA), Mayhem 10 enables integration with third-party autonomy solutions, demonstrating the platform’s flexible, vendor-agnostic architecture and commitment to interoperability across the launched effects ecosystem. 

“Modern warfare demands trusted systems that can think, coordinate, and adapt faster than the adversary,” said Jason Brown, General Manager of Applied Intuition. “Our Acuity ISR/Strike software brings collaborative autonomy to Mayhem 10, rapidly delivering next-generation capabilities through platform-agnostic software with operator oversight. Acuity ISR/Strike enables intelligent swarms that share targeting data in real time, dynamically adjust to threats, and execute missions that would be impossible for individual platforms.” 

During a recent demonstration​​, the companies validated the integration by executing collaborative autonomy behaviors, demonstrating how multiple Mayhem 10 launched effects systems can synchronize, swarm and adapt to different threats. The demonstration validated months of integration efforts conducted across multiple locations using AV’s Autonomy Interface Control Document (ICD). 

MORE ON Mayhem 10 

Mayhem 10 is AV’s next-generation autonomous launched effects system, designed to give military commanders a single, highly adaptable platform capable of delivering both kinetic and non-kinetic effects across air, ground, and maritime operations. Built on the combat-proven heritage of the Switchblade® family, Mayhem 10 features a modular open architecture that allows operators to rapidly swap mission payloads for intelligence, surveillance and reconnaissance (ISR), electronic warfare, communications relay, or precision strike missions without changing the air vehicle.  

The system carries a 10-pound payload, operates at ranges exceeding 100 kilometers with more than 50 minutes of endurance, and can be assembled and launched in less than five minutes. Powered by AI-enabled autonomy, Mayhem 10 is designed to operate in GPS-denied and electronically contested environments while resisting jamming and spoofing. Its Modular Open Systems Approach (MOSA) enables rapid technology upgrades and third-party payload integration, while seamless interoperability with AV’s Tomahawk Grip controller and ​AV_Halo™​ COMMAND software allows the system to execute missions. By extending sensing and effects far beyond the launch platform, Mayhem 10 increases survivability, expands operational reach, reduces risk to personnel and high-value assets, and provides commanders with a scalable, multi-role capability that can rapidly adapt to evolving battlefield requirements. 

MORE ON ACUITY ISR/STRIKE 

Acuity ISR/Strike is Applied Intuition’s platform-agnostic autonomy software that enables launched effects and other unmanned systems to perceive, decide, and act collaboratively in contested environments with operator oversight. It supports autonomous target detection, coordinated multi-agent teaming, and real-time mission adaptation, allowing multiple platforms to execute complex missions with greater speed, precision, and resilience in line with commander intent. 

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. 

About Applied Intuition 

Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co. 

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. AeroVironment undertakes no obligation to update forward-looking statements as a result of new information or future events. 

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AV Media Contact:  

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703.718.4060 

 

Applied Intuition Media Contact:  

Jaspreet Gill 

jaspreet@applied.co 

(845) 798-2791 

 

AV Investor Contact:  

Denise Pacioni 

ir@avinc.com 

805.795.4108 

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