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Company

AeroVironment, Inc.

AeroVironment is a defense technology provider that builds autonomous systems, loitering munitions, counter-drone systems, space platforms, directed energy weapons and cyber and electronic warfare capabilities for the U.S. military and allies. ↗

HeadquartersArlington, VA ↗
LeadershipWahid Nawabi, President and CEO ↗
Employees3,991 ↗
Revenue$2.0 billion (fiscal 2026) ↗
Department of War obligations$2.1 billion in prime contracts since fiscal 2022 ↗
SharesAVAV ↗

Products

  • Switchblade is a family of portable loitering munitions (300, 400 and 600) for precision strike against static or mobile targets. ↗
  • Puma is AeroVironment's small uncrewed aircraft line, alongside Raven B, P550 and VAPOR 55 CLE. ↗
  • Red Dragon is a one-way attack uncrewed aircraft built to operate in GPS-denied, communications-degraded environments. ↗
  • JUMP 20 is a Group 3 medium uncrewed aircraft, with the JUMP 20-X and T-20 in the same line. ↗
  • Titan is a family of radio frequency counter-drone systems that detect and defeat hostile drones. ↗
  • Freedom Eagle (FE-1) is a counter-drone interceptor and air defense missile system for Group 3 and other large aerial threats. ↗
  • LOCUST is a family of vehicle-mounted high-energy laser weapon systems that track and defeat drones. ↗
  • AV_Halo, which includes Kinesis, is AeroVironment's AI-powered command and control software across air, land, sea, space and cyber. ↗

Customers

  • The U.S. Army accounted for approximately 25% of AeroVironment's revenue in fiscal 2026. ↗
  • AeroVironment sells to the Army, Marine Corps, Special Operations Command, Air Force, Navy, Space Force and Cyber Command. ↗
  • Other U.S. government agencies and government subcontractors accounted for 47% of AeroVironment's fiscal 2026 sales revenue. ↗

Deals since 2020

Aug 202621

AeroVironment: joint venture AV Eagle

Joint venture of AeroVironment and Athens-based Eyeonix SA to establish an industrial presence in Greece; expected activities include potentially a new facility to manufacture and assemble unmanned aerial systems, loitering munition systems and counter-unmanned aircraft systems.

autonomy and dronesmunitions and missilesSource
UndisclosedPending
Mar 202616

AeroVironment buys ESAero

San Luis Obispo, California producer of unmanned aircraft systems (UAS) and advanced air mobility platforms, with electric and hybrid propulsion capabilities.

autonomy and dronespropulsionSource
$200 millionClosed Mar 16, 2026
Nov 202419

AeroVironment merges with BlueHalo

Seller: BlueHalo Holdings Parent · Backed by Arlington Capital Partners

Provider of capabilities in Space, C-UAS and Autonomous Systems, Electronic Warfare and Cyber, and AI/ML.

EW and sensorsautonomy and dronescyberSource
$4.1 billionClosed May 1, 2025
Aug 202322

AeroVironment buys Tomahawk Robotics

Melbourne, Florida provider of robotic common control solutions and designer of Kinesis, a multi-domain, cross-architecture, AI-enabled control system.

C4ISR and electronicsautonomy and dronesSource
$120 millionClosed Sep 15, 2023
Aug 202217

AeroVironment buys Planck Aerosystems

San Diego provider of advanced unmanned aircraft navigation solutions, including autonomous takeoff and landing from moving platforms. Certain assets and liabilities were purchased.

autonomy and dronesSource
$5 millionClosed Aug 17, 2022
Mar 2022 

AeroVironment sells HAPSMobile to SoftBank

Buyer: SoftBank

Joint venture AeroVironment formed with SoftBank in December 2017 for solar high-altitude pseudo-satellite (Solar HAPS) aircraft.

autonomy and dronesSource
UndisclosedClosed Mar 2022
Sep 202115

AeroVironment sells Altoy to Toygun

Buyer: Toygun

AeroVironment's Turkish joint venture; the filings give no description of its business.

UndisclosedClosed Oct 14, 2022
Feb 202123

AeroVironment buys Intelligent Systems Group

Seller: Progeny Systems

Business segment of Progeny Systems Corporation that develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provides related services to United States government customers. Certain assets and liabilities were purchased.

C4ISR and electronicsautonomy and dronesSource
Up to $30 millionClosed Feb 23, 2021
Jan 202113

AeroVironment buys Arcturus UAV

Seller: shareholders and other equity interest holders of Arcturus UAV

Petaluma, California maker of unmanned Group 2 and 3 aerial and aircraft systems, payloads, ground control systems and ground support equipment.

autonomy and dronesSource
$405 millionClosed Feb 19, 2021
Dec 202008

AeroVironment buys Telerob

Seller: Unmanned Systems Investments GmbH

German developer and maker of remote-controlled ground robots and transport vehicles, with a U.S. subsidiary, Telerob USA, Inc.

autonomy and dronesland systemsSource
Up to $45 millionClosed May 3, 2021

The deal tracker

Segments

  • AeroVironment reports two segments: Autonomous Systems (AxS) and Space, Cyber and Directed Energy (SCDE). ↗
  • The Space, Cyber and Directed Energy segment, formed from BlueHalo, had revenue of $618.8 million in fiscal 2026. ↗

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