Jun. 22 at 6:48 PM
$AVAV $DFEN
AEROSPACE:
A Drone Leader Gains Altitude The war in Ukraine and escalating conflicts in the Middle East put AeroVironment’s (AVAV) late-Tuesday fiscal fourth-quarter earnings in the spotlight.
AeroVironment’s Switchblade drone, also referred to as a Kamikaze or suicide drone, has been utilized by Ukraine and Israel. The Department of Defense in August last year awarded AeroVironment a nearly
$1 billion contract to deliver multiple variants of the weapon.
FactSet analysts expect AeroVironment to report a 225% earnings gain for the quarter, and a 23% rise in revenue, to
$242 million. AVAV stock has rebounded and is up more than 25% for the year, despite a 57% dive from November to early April.