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)
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