AV reports record Q1 revenue and backlog
The company achieved $480 million in revenue and a $1.5 billion funded backlog. AV reaffirmed FY2027 guidance.
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Multidomain defense systems and autonomous technology manufacturer
avinc.comLast updated
In short: AV posted record Q1 revenue and backlog, won major laser, P550, Switchblade and Puma contracts, and expanded internationally.
The company achieved $480 million in revenue and a $1.5 billion funded backlog. AV reaffirmed FY2027 guidance.
The deal delivers dozens of systems to deploy advanced anti-drone technology across military operations worldwide.
The company will co-design and manufacture the aircraft for the SkyFall mission alongside its Jet Propulsion Laboratory partner, targeting a 2028 launch.
The award falls under an existing Lethal Unmanned Systems IDIQ contract. Block 2 systems feature upgraded avionics and target recognition for multi-domain operations.
The US Army will pay AeroVironment $464.8 million for a new laser weapon system designed to shoot down aerial drones.
AeroVironment executed a long-term agreement (LTA) with Attalon for the delivery of Valaris high-energy laser platform.
AeroVironment, Inc. AVAV on Wednesday posted better-than-expected first-quarter results. AeroVironment posted first-quarter revenue of $480.49 million, beating analyst estimates of $456.20 million, according to Benzinga...
Funded backlog surged 37% to $1.5 billion on strong order flow and sole-source wins.
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