AeroVironment Benefits from Strong Industry and Record Orders
The book-to-bill ratio of 2.9 signals high demand
Q2 showed record revenues with +151%
Reading Time: 2 minutes
AeroVironment (AVAV, i) is poised to trend back towards its all-time high given the strong performance in defense stocks and the record orders amounting to $1.4 billion secured in the last quarter. This has been achieved despite the recent burdensome U.S. government shutdown. The acquisition of BlueHalo was a smart move. JPMorgan anticipates a strong positioning in drones, drone defense systems, and aerospace with sustained growth rates in the mid-10% range. Since January, a "Stop Work Order” from the U.S. Space Force on the Badger system for...
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