SPECIAL REPORT

01 Takeaways Up Front

  1. AeroVironment announced on Nov. 9 a multiyear contract with a $940 million ceiling from an unnamed U.S. customer, including an approximately $315 million first award.

  2. The Switchblade maker posted $1.98 billion in revenue in fiscal 2026 after buying BlueHalo, and it guides to $2.125 billion to $2.225 billion this year.

  3. Its Army Switchblade contract has about $762.7 million obligated, and AV calls its $464.8 million Army LOCUST laser deal the first U.S. production contract for directed-energy weapons.

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