Search

AeroVironment Swings To Loss In Second Quarter As Sales Soar

AeroVironment Swings To Loss In Second Quarter As Sales Soar
An AeroVironment Switchblade 600 loitering munition after launch from a General Atomics MQ-9 drone. Photo: AeroVironment

AeroVironment [AVAV] on Tuesday evening said it swung to a loss in its second quarter due to amortization and non-cash accounting expense while sales increased more than 150 percent to a record, largely on the back of the acquisition of Blue Halo in May. The net loss of $17.1 million, 34 cents loss per share, compared with $7.5 million, 27 cents earnings per share (EPS) a year ago. Excluding amortization adjustments and acquisition-related expenses, AV’s adjusted earnings were 44 cents…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com 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.



Congress Updates

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]


Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]


Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]


Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]