Record-Breaking Contract Awards
The total ceiling value of new contract awards during Q2 reached $3.5 billion, with record second quarter bookings of nearly $1.4 billion.
Revenue Growth
Second quarter revenue was nearly $473 million, representing a 151% increase over the prior year.
Expansion of Manufacturing Capacity
Plans for a new 100,000 square foot facility in Salt Lake City to expand Switchblade manufacturing, with a potential capacity to produce over $2 billion worth of products per year.
Strong Performance in Autonomous Systems
Significant progress on multiple programs of record, including the P550 being selected by the U.S. Army's long-range reconnaissance program, estimated to be worth approximately $1 billion.
Integration of BlueHalo Exceeding Expectations
The integration is strengthening capabilities and positioning AeroVironment as a next-generation defense tech company.
Raising Revenue Guidance
Revenue guidance for fiscal year 2026 has been raised to between $1.95 billion and $2 billion.