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Business/Financial

AeroVironment Reports Strong Second Quarter, UAS Demand Is Strong

DDN

Thursday, December 11th, 2008

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By Ann Roosevelt AeroVironment, Inc. (AVAV) Dec. 3 reported financial results for its second quarter with revenue of $65.8 million, up 22 percent over second quarter fiscal 2008 revenue of $53.7 million. The revenue increase resulted from increased sales in AV's Unmanned Aircraft Systems (UAS) segment of $9.9 million and Efficient Energy Systems (EES) segment of $2.2 million. "Our second quarter results reflect strong, effective performance and continued diversity within our unmanned aircraft systems portfolio," Tim Conver, chairman and CEO…

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