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
HQSimi Valley, CA, US
Websiteavinc.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Apr 2020)823(+18%)
Job Openings36
Revenue (FY, 2020)$367.3 M(+17%)
Share Price (Mar 2021)$117.6(+3%)
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
Steven Gitlin

Steven Gitlin

Chief Marketing Officer, Vice President Investor Relations
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AeroVironment Office Locations

AeroVironment has offices in Simi Valley, Burlington, Huntsville, Lawrence and in 2 other locations
Simi Valley, CA, US (HQ)
900 Innovators Way
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
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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

Net income (Q3, 2021)

258.0k

Market capitalization (30-Mar-2021)

2.9b

Closing stock price (30-Mar-2021)

117.6

Cash (30-Jan-2021)

324.5m

EV

2.6b
AeroVironment's current market capitalization is $2.9 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, 2021

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

42%39%40%47%42%38%40%
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, 2021

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

42.2m46.1m50.4m56.3m52.8m65.2m45.5m53.1m
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, 2021

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

Revenue/Employee

388.9k

Financial Leverage

1.2 x

P/E Ratio

64.9
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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

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AeroVironment Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

AeroVironment Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

AeroVironment Online and Social Media Presence

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AeroVironment News and Updates

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.

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.

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…

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-…

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.

AeroVironment, Inc. Announces Fiscal 2021 First Quarter Results

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today reported financial results for its first quarter ended August 1, 2020.
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AeroVironment Blogs

AeroVironment Receives Multiple Puma 3 AE Orders Totaling $11 Million from NATO Support and Procurement Agency

AeroVironment Receives Multiple Puma 3 AE Orders Totaling $11 Million from NATO Support and Procurement Agency Content Import Tue, 04/06/2021 - 09:10 AeroVironment Receives Multiple Puma 3 AE Orders Totaling $11 Million from NATO Support and Procurement Agency April 6, 2021 …

Colin Walker

Colin Walker schutt@avinc.com Fri, 04/02/2021 - 11:48 Colin Walker Vice President Fulfillment Colin Walker has served as the Vice President of Fulfillment since December 2018 and is accountable for the introduction of new manufacturable products, strategic foreca…

AeroVironment Awarded $21 Million Contract Option for Raven Radio Frequency Modifications Under Existing U.S. Army FCS Contract

Second of three contract options exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year Small Unmanned Aircraft Systems contract Total projected value of contract action is $55 million ; $42 million now funded and awarded U.S.

AeroVironment Earns ISO 14001 Certification for Environmental Management System - Aligns with the Company’s Zero-Emission Unmanned Systems

AeroVironment Earns ISO 14001 Certification for Environmental Management System - Aligns with the Company’s Zero-Emission Unmanned Systems Content Import Wed, 03/24/2021 - 09:11 AeroVironment Earns ISO 14001 Certification for Environmental Management System - Aligns with the Company’s Zero…

AeroVironment Secures $5.9 Million Puma 3 AE Unmanned Aircraft Systems Foreign Military Sales Contract Award for U.S. Ally

Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical intelligence, surveillance and reconnaissance in maritime and land operations Customer joins growing number of allied government forces fielding AeroVironment’s advanced, battle-proven family of tactical unmanned

AeroVironment Wholly-Owned Subsidiary Arcturus UAV Awarded Approximately $7 Million Task Order for U.S. Special Operations Command Mid-Endurance Unmanned Aircraft Systems Program

Competitive task order awarded for USSOCOM’s Mid-Endurance Unmanned Aircraft Systems (MEUAS) program Vertical takeoff and landing (VTOL) JUMP 20 unmanned aircraft system delivers true versatility and multi-mission capabilities without launchers or runways to USSOCOM and other customers   SIMI
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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 823 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 $446.3 k.

  • Who are AeroVironment competitors?

    Competitors of AeroVironment include Aurora Flight Sciences, EHang and ECA Group.

  • Where is AeroVironment headquarters?

    AeroVironment headquarters is located at 900 Innovators Way, Simi Valley.

  • Where are AeroVironment offices?

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

  • How many offices does AeroVironment have?

    AeroVironment has 6 offices.