AeroVironment Inc - Company Profile
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Business Description
AeroVironment Inc (AeroVironment) develops, manufactures, designs and supports technologically-advanced portfolio of unmanned aircraft systems (UAS), tactical missile systems, unmanned ground vehicles (UGV) and high-altitude pseudo-satellite (HAPS) systems, advanced artificial intelligence and autonomy for defense, government, satellite, and businesses.
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R&D Overview
R&D arm of AeroVironment focuses on design, development and commercialization of new products and upgrade of existing solutions leveraging latest technologies. It intends to create large new markets and accelerate growth within existing markets. The company’s R&D focuses on technological capabilities including robotics systems autonomy technologies, modular open systems architectures, development, miniaturization and integration, machine learning, active perception, advanced auto flight control and among others. As of April 2023, the company had 278 issued US patents, 68 US patent pending applications, 17 active patent cooperation treaty applications. The company operates 408 employees in research and development and engineering. In FY2023, the company incurred expenses of US$54.7 million on R&D, which as a percentage of revenue, stood at 12.3%.
Business Segments
- All Other
- Medium Unmanned Aircraft Systems (MUAS)
- Small Unmanned Aircraft Systems (SUAS)
- Tactical Missile Systems (TMS)
Overview
Includes High Altitude Pseudo-Satellite Unmanned Aircraft Systems, MacCready Works and UGV.
Performance
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Overview
Focuses on designs, engineers, tools, and manufactures unmanned aerial and aircraft systems including airborne platforms, payloads and payload integration, ground support equipment, ground control systems, and other items. Also, offers services related generally to unmanned aircraft systems including ISR services.
Performance
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Overview
Focuses on products designed to operate at very low altitudes in a wide range of environmental conditions, to collect and deliver valuable information. Offers related support services including training, product repair, spare parts, product replacement, and the customer contracted operation.
Performance
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Overview
Offers TMS products and consists of tube-launched aircraft. Provides delivery or reconnaissance missions, and related support services including spare parts, training, product repair, and product replacement. Also includes customer-funded R&D programs.
Performance
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Geographical Segments
Performance
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Performance
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