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AeroVironment

OverviewSuggest Edit

AeroVironment is a provider of unmanned aircraft systems (UAS) and related services for government and commercial customers. The company designs, develops, produces, and supports small unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and commercial information systems. Its core technological capabilities include robotics, sensor design, development, miniaturization and integration, embedded software and firmware, low power wireless digital communications, lightweight aerostructures, high-altitude systems, machine learning, and autonomy. AeroVironment is also engaged in electric power conversion, storage systems and high-density energy packaging, controls and systems integration, vertical takeoff and landing flight, image stabilization and target tracking, advanced flight control systems, human-machine interface development, etc.

TypePublic
Founded1971
HQArlington, VA, USMap
Websiteavinc.com
Employee Ratings4.3More
Overall CultureBMore
View Jobs (92)

Recent NewsAll News

Latest Updates

Employees (est.) (Apr 2021)1,165(+42%)
Job Openings92
Revenue (FY, 2020)$367.3 M(+17%)
Share Price (Sept 2021)$88.9(-2%)
Cybersecurity ratingBMore

Key People/Management at AeroVironment

Wahid Nawabi

Wahid Nawabi

President & Chief Executive Officer
Kevin McDonnell

Kevin McDonnell

Senior Vice President and Chief Financial Officer
Melissa Brown

Melissa Brown

Vice President & General Counsel
Ken Karklin

Ken Karklin

Senior Vice President and Chief Operating Officer
Scott Newbern

Scott Newbern

Vice President and CTO
Trace Stevenson

Trace Stevenson

Vice President and Product Line General Manager, SUAS
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AeroVironment Office Locations

AeroVironment has offices in Arlington, Burlington, Huntsville, Lawrence and in 2 other locations
Arlington, VA, US (HQ)
241 18th St S #415
Burlington, MA, US
141 S Bedford St
Huntsville, AL, US
935 Explorer Blvd NW
Lawrence, KS, US
450 N Iowa St
Monrovia, CA, US
800 Royal Oaks Dr #210
Moorpark, CA, US
14501 Princeton Ave
Show all (6)

AeroVironment Financials and Metrics

AeroVironment Revenue

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AeroVironment's revenue was reported to be $367.3 m in FY, 2020 which is a 16.9% increase from the previous period.
USD

Revenue (Q1, 2022)

101.0m

Gross profit (Q1, 2022)

28.7m

Gross profit margin (Q1, 2022), %

28.4%

Net income (Q1, 2022)

(13.9m)

EBIT (Q1, 2022)

(12.1m)

Market capitalization (14-Sept-2021)

2.2b

Closing stock price (14-Sept-2021)

88.9

Cash (31-Jul-2021)

93.9m

EV

2.3b
AeroVironment's current market capitalization is $2.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

271.1m314.3m367.3m

Revenue growth, %

2%16%17%

Cost of goods sold

162.2m185.9m214.2m

Gross profit

108.9m128.4m153.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q3, 2021Q1, 2022

Revenue

78.0m73.0m75.3m86.9m83.3m61.9m87.5m101.0m

Cost of goods sold

45.5m44.6m44.9m45.6m48.1m38.4m52.0m72.3m

Gross profit

32.6m28.4m30.4m41.3m35.2m23.5m35.4m28.7m

Gross profit Margin, %

42%39%40%47%42%38%40%28%
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Annual
USDFY, 2018FY, 2019FY, 2020

Cash

143.5m172.7m255.1m

Accounts Receivable

56.8m31.1m73.7m

Prepaid Expenses

5.1m7.4m6.2m

Inventories

38.6m54.1m45.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q3, 2021Q1, 2022

Cash

170.8m151.3m149.4m137.1m130.7m131.5m246.8m324.5m93.9m

Accounts Receivable

13.8m34.6m34.1m42.7m40.6m27.9m43.4m26.6m45.8m

Prepaid Expenses

5.2m5.7m6.6m7.6m8.0m6.8m5.9m7.7m15.0m

Inventories

42.2m46.1m50.4m56.3m52.8m65.2m45.5m53.1m84.9m
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

19.9m47.4m41.1m

Depreciation and Amortization

6.0m7.7m9.9m

Inventories

2.3m(16.6m)8.9m

Accounts Payable

5.7m(7.1m)3.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q3, 2021Q1, 2022

Net Income

27.3m33.4m41.7m17.1m24.6m23.6m10.0m12.4m(13.9m)

Depreciation and Amortization

1.7m3.6m5.5m2.1m4.5m7.1m2.8m8.7m13.7m

Inventories

(4.8m)(8.7m)(13.0m)(1.9m)1.6m(10.8m)5.0k(7.6m)(6.1m)

Accounts Payable

(9.9m)(8.8m)(10.6m)(5.1m)(5.0m)(1.3m)(7.3m)(3.3m)(8.0m)
show all
USDFY, 2018

Revenue/Employee

388.9k

Financial Leverage

1.2 x
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AeroVironment Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Remaining Performance Obligations

$157.05 m$163.85 m$132.52 m$164.33 m$165.24 m$146.67 m$125.96 m$208.06 m$154.42 m

Backlog Funded

$78 m$85.3 m$127.1 m$123.5 m$174.3 m$157 m$163.9 m$132.5 m$164.3 m$165.2 m$146.7 m$126 m$208.1 m$154.4 m

Backlog Unfunded

$24.6 m$24.1 m$21.2 m$21.2 m$58.1 m$47.2 m$51.9 m$37.7 m$45.2 m$50.9 m$45 m$41.5 m$122 m$118 m

Patents (US)

168201179202
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AeroVironment Acquisitions / Subsidiaries

Company NameDateDeal Size
Pulse AerospaceJune 10, 2019$20.65 m
AeroVironment, Inc.
Altoy Savunma Sanayi ve Havacilik Anonim Sirketi
HAPSMobile, Inc.
Pulse Aerospace LLC
SkyTower, Inc.

AeroVironment Revenue Breakdown

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AeroVironment revenue breakdown by business segment: 69.9% from Product Sales and 30.1% from Contract Services

AeroVironment revenue breakdown by geographic segment: 54.7% from Domestic and 45.3% from International

Human Capital Metrics

Source: www.sec.gov, www.sec.gov, www.sec.gov
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AeroVironment Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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AeroVironment Online and Social Media Presence

AeroVironment's Trends

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AeroVironment Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    F

    47/100

  • Compensation

    B-

    72/100

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AeroVironment News and Updates

August 31, 2021

Solar-powered UAV market | Evolving Opportunities with AeroVironment Inc. and Airbus SE | 17000+ Technavio Reports

NEW YORK, Aug. 30, 2021 /PRNewswire/ -- The global solar-powered UAV market is expected to grow by $ 485.46 mn during 2020-2024, as per Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of...
January 15, 2021

Aerovironment buys Arcturus UAV in $405M deal

Aerovironment picks up Arcturus UAV, a company whose capability has caught the Army's eye in its Future Tactical Unmanned Aircraft System competition.
October 01, 2020

AeroVironment debuts bigger, anti-armor loitering missile

Aerovironment's loitering munitions business is taking off, according to its CEO, with a brand new larger and heavy-duty version of its Switchblade missile.
September 21, 2020

AeroVironment, Inc. (NASDAQ:AVAV) Receives Consensus Rating of "Hold" from Brokerages

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have received an average rating of "Hold" from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four hav…
September 11, 2020

AeroVironment to start production on larger Switchblade ahead of military deployment

AeroVironment plans to start low-rate production of a larger variant of its Switchblade loitering munition ahead of operational deployment with an unnamed military customer. The company says the new Switchblade is aimed at the tactical missile market currently occupied by the Lockheed Martin AGM-…
September 10, 2020

AeroVironment down 6% despite Q1 earnings beat; reaffirms guidance in-line with consensus

AeroVironment (AVAV -6.4%) Q1 revenue increased marginally by 1% Y/Y to $87.5M; domestic small UAS sales were up 24% and HAPSMobile developmental revenues which were up 33%. This was largely offset by lower international small UAS revenue.
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AeroVironment Blogs

September 15, 2021

United States Pentagon Force Protection Agency Equips Hazardous Devices Branch with Telerob telemax EVO HYBRID Unmanned Ground Vehicle System

United States Pentagon Force Protection Agency receives Telerob, an AeroVironment Company , telemax EVO HYBRID unmanned ground vehicle system order, supported by training, spares and accessories packages Telerob’s advanced unmanned ground vehicle solutions safely and effectively perform a variety
September 08, 2021

AeroVironment, Inc. Announces Fiscal Year 2022 First Quarter Results

ARLINGTON, Va. --(BUSINESS WIRE)--Sep. 8, 2021-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today reported financial results for its first quarter ended July 31, 2021 . First quarter revenue of $101 million increased 16% year-over-year Diluted
August 25, 2021

AeroVironment, Inc. Schedules First Quarter Fiscal Year 2022 Earnings Release and Conference Call

ARLINGTON, Va. --(BUSINESS WIRE)--Aug. 25, 2021-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it will issue financial results for the Company's first quarter ended July 31, 2021 after the market closes on Wednesday, September 8,
August 11, 2021

Cindy Lewis

Cindy Lewis steve.munger@n… Wed, 08/11/2021 - 09:44 Cindy Lewis Independent Director Cindy Lewis has served as a member of our board of directors since 2021. Ms. Lewis is the chairperson, president and chief executive officer of Airborn Consolidated Holdings, Inc…
August 11, 2021

AeroVironment, Inc. Appoints Cindy Lewis to Board of Directors

Accomplished CEO brings extensive experience in growth-oriented Aerospace & Defense businesses Arnold Fishman to retire at end of current term ARLINGTON, Va. --(BUSINESS WIRE)--Aug. 11, 2021-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today
August 04, 2021

AeroVironment Introduces Standardized Modular Payload Interface Kits for RQ-20B Puma Tactical Unmanned Aircraft Systems; Kits Under Order by USSOCOM

Enables third-party payload manufacturers, as well as U.S.   DoD and international partners, to develop and integrate payloads onto RQ-20B Puma Utilizes the Modular Payload Standard initiated by USSOCOM to create a modular architectural standard for payloads on unmanned aircraft systems Groups 1
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 AeroVironment Frequently Asked Questions

  • When was AeroVironment founded?

    AeroVironment was founded in 1971.

  • Who are AeroVironment key executives?

    AeroVironment's key executives are Wahid Nawabi, Kevin McDonnell and Melissa Brown.

  • How many employees does AeroVironment have?

    AeroVironment has 1,165 employees.

  • What is AeroVironment revenue?

    Latest AeroVironment annual revenue is $367.3 m.

  • What is AeroVironment revenue per employee?

    Latest AeroVironment revenue per employee is $315.3 k.

  • Who are AeroVironment competitors?

    Competitors of AeroVironment include Raven Industries, Aurora Flight Sciences and Cobham Mission Systems.

  • Where is AeroVironment headquarters?

    AeroVironment headquarters is located at 241 18th St S #415, Arlington.

  • Where are AeroVironment offices?

    AeroVironment has offices in Arlington, Burlington, Huntsville, Lawrence and in 2 other locations.

  • How many offices does AeroVironment have?

    AeroVironment has 6 offices.