Monday, June 29
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Topic: aerovironment

Soldiers launching a small drone
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.

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