AV Announces Retirement of Chief Financial Officer Kevin McDonnell

February 23, 2026

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

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

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

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

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

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