Pentagon's Replicator selects AeroVironment's Switchblade-600 is first buy [Reuters]
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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Source: Reuters
confirmed to be part of the Replicator initiative, which aims to rapidly deploy thousands of military drones. The Switchblade-600 has gained notoriety because the Ukrainian military is using it to strike Russian troops. In an effort to enhance the U.S. military's autonomous and uncrewed capabilities, Deputy Secretary of Defense Kathleen Hicks kicked off the $1 billion in August. The two-year program aims to integrate drones and technological innovations into defense programs at an accelerated pace. The Switchblade-600 is the first disclosed weapon in the program, but more tranches and systems are expected. The first tranche also includes undisclosed maritime surface products, other aerial drones and counter-drone systems (c-UAS). The Pentagon confirmed it has $500 million in funding to support Replicator in fiscal year 2024, including about $300 million from the recently passed defense appropriations bill, in addition to funds siphoned from other defense accounts. For 2025, th
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AVAV
News
- Fixed-Wing VTOL UAV Market Forecast to Reach $3.4 Billion by 2030: Industry Analysis 2018-2030 Featuring ALTI, Ukrspecsystems, Threod Systems, Quantum Systems, Vertical Technologies, AeroVironment, Textron [Yahoo! Finance]Yahoo! Finance
- Up 60%, I Believe AeroVironment Has More Room To Rise [Seeking Alpha]Seeking Alpha
- AV's Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense's Replicator Initiative [Yahoo! Finance]Yahoo! Finance
- AV’s Switchblade 600 Selected for Tranche 1 of the U.S. Department of Defense’s Replicator InitiativeBusiness Wire
- Pentagon's ‘Switchblade 600' Drone Gets Funding For China Fight [BNN Bloomberg (Canada)]BNN Bloomberg
AVAV
Earnings
- 3/4/24 - Beat
AVAV
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- AVAV's page on the SEC website