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7 stories mentioning AVAVUpdated 14d ago

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Wire

AeroVironment Signs Defense Software Deal With Taiwan's Ubiqconn

AeroVironment (AVAV) said Thursday it has signed a memorandum of understanding with Taiwan-based computing provider Ubiqconn to advance uncrewed systems and mission management abilities.The partnership focuses on combining command software into rugged hardware to satisfy drone purchasing requirements for the Taiwanese military, the company said.The specialized software will enable personnel to control multiple drone models from different manufacturers through a single interface, AeroVironment said.Ubiqconn will supply the hardware components for compatibility evaluation and manage local demonstrations to government stakeholders, it said.Price: $172.71, Change: $-0.22, Percent Change: -0.13%

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Wire

AeroVironment Wins $20 Million US Air Force Materials Research Contract

AeroVironment (AVAV) received a $20 million US Air Force Research Laboratory contract to develop advanced ceramic materials for aerospace and defense applications, the company said Thursday.The 39-month contract involves AeroVironment working with AFRL to develop lightweight, heat-resistant materials and manufacturing methods, including 3D printing, for aerospace applications, the company said.The research aims to enhance readiness and durability for US Air and Space Forces while reducing lifecycle costs through advanced modeling, sensors and multifunctional material design, the company added.Shares of AeroVironment were up about 11% in early Thursday trading.Price: $200.40, Change: $+19.12, Percent Change: +10.55%

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Wire

AeroVironment Expands AV_Halo Platform With Two Additions

AeroVironment (AVAV) said Tuesday it has expanded its AV_Halo unified mission software platform with two additions to enable faster decision-making at the edge.The firm said AV_Halo INSTINCT is a next-generation autonomy software framework engineered for multi-platform uncrewed systems, and its AV_Halo DETECT is a radio frequency sensing and security solution for contested and denied environments.They can be tailored to specific platforms, sensors, and operational environments, the company said.Price: $157.30, Change: $-4.22, Percent Change: -2.61%

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Wire

AeroVironment's Position in Unmanned Aircraft Market Positive, but Faces Near-Term Headwinds, RBC Says

AeroVironment's (AVAV) position in the unmanned aerial systems market is likable but it faces near-term risks around visibility into 2026 US Department of War budget, geopolitical de-escalation, and the potential for mid-term election risk, RBC Capital Markets said in a research report emailed Friday.The company has recently struggled with execution, resulting in underperformance, but management remains confident in its Q4 guidance, which can be a positive catalyst, analysts wrote.Beyond Q4, catalysts include the company's confidence in its enduring-high energy laser and long-range reconnaissance contract opportunities, according to the note.The brokerage said it reiterated its outperform rating on the stock and price target of $250 per share.Price: $157.73, Change: $-7.54, Percent Change: -4.56%

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Wire

AeroVironment Wins $43 Million War Department Contract for Antenna System Integration

AeroVironment (AVAV) said Tuesday it has won a three-year, $43 million contract from the Department of War's Test Resource Management Center to integrate its PANTHER antenna system on SkyRange aviation platforms.The integration of the multi-target tracking technology will improve weapons testing operations and accelerate development timelines, the company said.The platform-agnostic antenna system provides a mobile, air-based alternative to traditional parabolic dish setups for evaluating long-range missiles, it added.The company is conducting the integration work in North Dakota and collaborating with Bismarck State College to establish a technician training program, AeroVironment said.Shares of the company were up about 1% in Tuesday trading.Price: $168.09, Change: $+1.64, Percent Change: +0.99%

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Wire

AeroVironment Wins US Army Prototype Agreement for Switchblade 400 Loitering Munition

AeroVironment (AVAV) said Monday it won a prototype agreement from the US Army to support the rapid development, delivery, and testing of the Switchblade 400 loitering munition.The agreement establishes Switchblade 400 as a key component of the US Army's Low-Altitude Stalking and Strike Ordnance program, AeroVironment said.Financial terms of the agreement were not disclosed.Shares of AeroVironment were down more than 2% in Monday trading.Price: $180.69, Change: $-4.29, Percent Change: -2.32%

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Wire

AeroVironment Launches Halo_Shield Counter-Unmanned Aerial System

AeroVironment (AVAV) said Tuesday that it launched Halo_Shield, a counter-unmanned aircraft system designed to predict, detect, track, identify and defeat airborne threats, including Group 1-5 Unmanned Aircraft Systems, coordinated drone swarms, and subsonic cruise missiles.The company said it is currently demonstrating capabilities and has deployed Halo_Shield tiles at select critical sites.AeroVironment said Halo_Shield is deployable as portable fly-away kits and integrates with existing customer sensors, effectors, and command-and-control frameworks.Shares of the company were down 4.5% in Tuesday trading.Price: $187.67, Change: $-8.07, Percent Change: -4.12%

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