AeroVironment Sees 'Unprecedented' Drone Demand -- Market Talk

Dow Jones
Mar 11

AeroVironment is seeing strong demand for its drones, bolstering its confidence in the current quarter and next fiscal year, Chief Executive Wahid Nawabi says during a call with analysts. "The demand for cost-efficient, artificial intelligence-enabled autonomous non-lethal and lethal drones and counter-drones are unprecedented," Nawabi says. "AV is well-positioned to capitalize on this generational opportunity that is in front of us." The defense contractor is working to scale up its production to stay on top of the demand, including with a new manufacturing facility in Salt Lake City, he says. He expects the facility will be operational in about a year, and produce more than $2 billion in products annually. (kelly.cloonan@wsj.com)

 

(END) Dow Jones Newswires

March 10, 2026 19:24 ET (23:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10