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AeroVironment ( (AVAV) ) just unveiled an announcement.
AeroVironment, Inc. has reported robust financial results for Q2 of fiscal 2025, with record revenue of $188.5 million, a 4% increase year-over-year, driven by significant growth in its Loitering Munition Systems segment. Despite a drop in net income to $7.5 million from $17.8 million in the previous year, the company maintains a strong funded backlog of $467.1 million and anticipates further growth through its proposed acquisition of BlueHalo. This strategic move aims to bolster AeroVironment’s foothold in the defense technology sector, promising exciting future prospects for investors.
For a thorough assessment of AVAV stock, go to TipRanks’ Stock Analysis page.
