NasdaqGS:AVAVAerospace & Defense
AeroVironment’s Laser Defense Spotlight And Contracts Versus Valuation Concerns
AeroVironment (NasdaqGS:AVAV) recently featured on a major U.S. news program for its laser defense systems aimed at countering international drone threats.
The company secured more than US$1b in new long term defense contracts, significantly expanding its backlog.
These wins arrived alongside a record goodwill impairment and financial guidance that some investors viewed as underwhelming.
AeroVironment is best known for unmanned aerial systems, and its advanced laser defense technology...