- Since May 1, AeroVironment (NASDAQ:AVAV -2.6%) has received ten orders worth a combined $47.1M from the U.S. Army. The orders cover AeroVironment's RQ-11B Raven and RQ-20A Puma AE drones.
- AeroVironment notes the Raven, used for low-altitude surveillance/recon missions, is "the most widely-used UAS in the world." The Puma is a smaller drone used for land-based and maritime operations.
- AeroVironment's UAS division revenue rose 13% Y/Y in FQ4 (the April quarter) to $78.7M. FQ1 results arrive after the close on Sep. 1. Shares are lower (albeit off their early-morning lows) amid a broad market selloff.