Sign In
Search
Business/Financial

AeroVironment Posts Strong Fourth Quarter, Sees More Of the Same In New Year

Cal Biesecker By
SHARE:
AeroVironment Posts Strong Fourth Quarter, Sees More Of the Same In New Year
Switchblade 600 loitering munition. Image: AeroVironment

AeroVironment [AVAV] on Tuesday evening reported strong fourth quarter results driven by record revenue and a handsome bottom-line. Sales in the quarter grew 40 percent to a record $275.1 million versus $197 million a year ago, while net income soared 180 percent to $16.7 million, 59 cents earnings per share (EPS), from $6 million (22 cents EPS) a year ago. Excluding acquisition-related expenses, goodwill impairment, and other non-operating items, adjusted per share earnings of $1.61 topped consensus estimates by 21…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Arlington Capital Launches GRVTY, New Defense Technology Company

Business/Financial

OSI Systems To Acquire Explosive Trace Detection Business From Smiths

Business/Financial

Woodward, Hexcel Call Off Merger Due To Coronavirus Impacts

Business/Financial

Boeing To Consolidate Most Of Its Services Work Into New Operating Segment

Trending

Big Department of Air Force Plus Ups from SAC-D Include C-130J; JASSM; EA-37B; Tranche 3, Transport Layer
No Explanation Yet from DoD or USAF on Classification Justification for Qatari Jet Program
Northrop Grumman Announces Completion of First Qualification Test of Sentinel Stage-Two Solid Rocket Motor
U.S. Space Force Announces Up to $4 Billion in Awards for PTS-G
MDA Seeks New Mobile Golden Dome Radar

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume