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AV Swings To Loss In First Quarter On BlueHalo Deal As Sales Soar

AV Swings To Loss In First Quarter On BlueHalo Deal As Sales Soar
AeroVironment’s Switchblade 600 loitering munition. Photo: AeroVironment

AeroVironment [AVAV] on Tuesday reported a net loss in its fiscal year 2026 first quarter due to costs associated with the recent acquisition of BlueHalo, a deal that also helped balloon sales in the quarter to a record. The net loss of $67.4 million, $1.44 earnings per share (EPS), compared with earnings of $21.2 million (75 cents EPS) a year ago. Excluding acquisition related expenses and amortization of acquired intangible assets, AV reported adjusted EPS of 32 cents, a penny…

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