AeroVironment Beats Estimates and Holds Outlook, Offering Relief After a Rough Year
AeroVironment posted 59-cent adjusted EPS on $480.5M sales, beating estimates and holding FY27 guidance as backlog reached a record $1.5 billion.
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Army Awards AeroVironment $465 Million for First Production Laser Weapons
The U.S. Army selected AeroVironment’s LOCUST X3 for the E-HEL program, the first directed-energy procurement for counter-UAS defense.
US Drone Stocks Surge After Trump Imposes Tariffs on Foreign Imports
US drone shares jumped in premarket as Trump imposed tariffs on foreign drones and parts to cut reliance on imports and strengthen national security.
US Army to Spend $400 Million on AeroVironment Counter-Drone Lasers
The US Army plans a $400 million deal for AeroVironment’s Locust lasers, the Pentagon’s first production contract for directed-energy counter-drone systems.
Lockheed Martin Posts Blowout Quarter, Raises 2026 Guidance Amid Missile Restocking Boom
Lockheed Martin drives defense sector gains with beat-and-raise Q2 earnings, record backlog, and higher 2026 outlook fueled by missile demand.
U.S. Army Nears Major Contract with AeroVironment for New High-Energy Laser System
Raymond James upgrades AVAV to Outperform with $210 target.