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 Openings1
Revenue (FY, 2020)$367.3 M(+17%)
Share Price (Jan 2021)$116.6 (-6%)
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, AeroVironment
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 $367.30 m in FY, 2020 which is a 16.9% increase from the previous period.
USD

Revenue (Q1, 2021)

87.5m

Gross profit (Q1, 2021)

35.4m

Gross profit margin (Q1, 2021), %

40.5%

Net income (Q1, 2021)

10.0m

EBIT (Q1, 2021)

12.3m

Market capitalization (15-Jan-2021)

2.8b

Closing stock price (15-Jan-2021)

116.6

Cash (1-Aug-2020)

246.8m

EV

2.6b
AeroVironment's current market capitalization is $2.8 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, 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, 2021

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

(9.9m)(8.8m)(10.6m)(5.1m)(5.0m)(1.3m)(7.3m)
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$85.30 m$127.10 m$123.50 m$174.30 m$157 m$163.90 m$132.50 m$164.30 m$165.20 m$146.70 m$126 m$208.10 m$154.40 m

Backlog Unfunded

$24.60 m$24.10 m$21.20 m$21.20 m$58.10 m$47.20 m$51.90 m$37.70 m$45.20 m$50.90 m$45 m$41.50 m$122 m$118 m

Patents (US)

168 201 179 202
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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

81/100

SecurityScorecard 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 to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments

AeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments Content Import Wed, 01/13/2021 - 16:11 AeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft System…

AeroVironment, Inc. to Present at the 23rd Annual Needham Virtual Growth Conference

AeroVironment, Inc. to Present at the 23rd Annual Needham Virtual Growth Conference Content Import Tue, 01/12/2021 - 16:11 AeroVironment, Inc. to Present at the 23rd Annual Needham Virtual Growth Conference January 12, 2021 at 4:10 PM EST This release is a bac…

AeroVironment Introduces Extended Range Antenna (ERA), Expanding UAS Command and Control up to 40 Kilometers in a Lightweight, Portable Form Factor

Cost-effective optional antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna Provides operators 100 percent greater controllable range over standard RF head antenna with minimal logistical footprint Add-on kit narrows antenna beam width, extending command

AeroVironment Acquires Telerob, a Leader in Ground Robotic Solutions, to Expand Multi-Domain Unmanned Systems Offering and Global Presence

Transaction will combine leaders in unmanned aircraft systems (UAS) and unmanned ground vehicles (UGV) for broader, integrated mission solutions in air, near-space, ground and maritime domains AeroVironment’s strong partnership with the United States Department of Defense and presence in 50 allied

AeroVironment, Inc. Announces Fiscal 2021 Second Quarter Results

Acquires Telerob GmbH , a leading German robotics company, to expand product offering and customer base SIMI VALLEY, Calif. --(BUSINESS WIRE)--Dec. 8, 2020-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today reported financial results for its second

AeroVironment, Inc. Schedules Second Quarter Fiscal Year 2021 Earnings Release and Conference Call

SIMI VALLEY, Calif. --(BUSINESS WIRE)--Nov. 24, 2020-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it will issue financial results for the Company's second quarter ended October 31, 2020 after the market closes on Tuesday, December 8, 2020
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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 ECA Group, Frequency Electronics and Cobham Mission Systems.

  • 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.