AeroVironment Investor Day - Revenue doubling to 4 billion USD planned by 2030
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AeroVironment announces at the Investor Day a revenue doubling to up to 4 billion USD by 2030. Investments in R&D and production capacities will be ramped up. The addressable total market was more than doubled from 30 billion to over 80 billion USD over the past two years, supported by acquisitions. The order backlog of 2.7 billion USD and a project pipeline of over 35 billion USD by 2030 provide good growth prospects. AeroVironment (AVAV) positions itself as a leading company in defense technology, relying on four core areas:...
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