Drone and defense tech leader AeroVironment reported a wider Q3 loss, missed estimates, and cut full-year forecasts due to timing delays and a setback in its space unit — but a record $1.1B backlog points to strong growth ahead.
AeroVironment invests $30M+ in Albuquerque manufacturing, creating 450+ jobs, while negotiating SCAR program contract amendment with U.S. Space Force for faster satellite comms delivery.
Raymond James downgrades AeroVironment to Underperform after the U.S. Space Force puts its major SCAR satellite program back out for bidding, risking a huge chunk of the company's backlog and future growth.
JPMorgan starts coverage on AeroVironment with an Overweight rating and $320 price target, highlighting strong growth in drones, counter-drone tech, and defense expansion.
AeroVironment receives stop work order on SCAR program BADGER antenna contract, plans to renegotiate terms with U.S. Government under new requirements.
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
