AeroVironment Reports Record Q1 Revenue and Secures Major Contracts in Counter-Drone Sector
AeroVironment (NASDAQ:AVAV) reported record first-quarter fiscal year 2027 revenue of $480 million, driven by strong performance across its segments. The company also secured significant contracts totaling nearly $965 million for counter-drone technologies and loitering munitions systems with the U.S. Army. The Autonomous Systems segment accounted for 72% of total sales at $346 million, while Precision Strike revenue rose to $197 million due to increased demand in loitering munitions and drone defense products. The company maintained its full-year revenue guidance between $2.125 billion and $2.225 billion but warned that free cash flow will remain negative as it invests heavily in new production facilities. AeroVironment’s funded backlog reached a record high of $1.5 billion, up 37% year-over-year, with total bookings at $683 million and an impressive book-to-bill ratio of 1.4 times.
Tickers: $AVAV
Topics: counter-drone technology defense revenue growth uncrewed systems