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

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]


Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]


Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]


HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]