AeroVironment, based in Arlington, Virginia, specializes in unmanned aircraft systems and electric transportation, employing 1,403 staff since its IPO in 2007. Its divisions include Uncrewed Systems, Loitering Munition Systems, and MacCready Works.
AVAV has been in the news recently: AeroVironment, along with other drone manufacturers, experienced a surge in stock prices after Defense Secretary Pete Hegseth called for expedited production and deployment of drones. In contrast, U.S. stock futures fell on Friday, reflecting a decline in major benchmarks, despite positive earnings reports from other companies like Levi Strauss.
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