AeroVironment - Drone Manufacturer Continues to Benefit From Rising Defense Budgets

Business drivers: AeroVironment (AVAV) is one of the world's leading manufacturers of drone systems, with a significant portion of its revenue currently coming from drones for the military sector. It is among the leading providers of high-end drones and unmanned aerial systems (UAS). The U.S. company, based in Simi Valley, California, is also a top player in the commercial segment of drone systems, particularly those used in agriculture or for object monitoring, with models such as Quantix. Additionally, it offers tactical drones for reconnaissance,...