New Companies
Monday, 6/29, 08:43 PM
AeroVironment Tops Estimates as Demand for Combat Drones Surges
- Drone maker AeroVironment reported quarterly revenue of $641.6 million, beating Wall Street estimates by about 15%, with adjusted earnings of $1.84 a share.
- A $1.2 billion order backlog underscores how the war in Ukraine and Europe's rearmament are fueling demand for unmanned weapons.