:

Business/Financial

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

By Cal Biesecker

Wednesday, June 25th, 2025

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…

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]

Congress

House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans

The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]

Budget

Lawmakers Push Shipbuilding Accountability And Submarine Reports In House Appropriations Bill

The House Appropriations Committee’s mark of the FY ‘27 defense spending bill includes shipbuilding accountability provisions given increasing cost-to-complete requests and perennially delayed shipbuilding programs. The bill report said that […]

Congress

Six F-35Bs Delivered Without Radars Thus Far, Program Director Says

The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s [NOC] delivery of the AN/APG-85 radar, which is to replace […]