AeroVironment Secures $50 Million International Order, Boosting AVAV Stock
AeroVironment (AVAV) has secured its first international purchase order for the LOCUST directed energy counter-unmanned aircraft system (c-UAS), valued at $50 million. This announcement came alongside strong Q1 earnings results that included record revenue of $480 million and EPS of 59 cents, both exceeding expectations. The deal highlights growing global demand for high-energy laser weapons as militaries seek to defend against modern drone threats. It also follows a recent $500 million U.S. Army contract, signaling AVAV's expansion into next-gen directed energy warfare beyond traditional loitering munitions. The company’s funded backlog increased 37% in Q2 to $1.5 billion, offering strong revenue visibility. Analysts remain optimistic about the stock despite its over-46x forward P/E ratio. JPMorgan raised their price target for AVAV and reiterated an Overweight rating. With a consensus
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