AeroVironment Q1 revenue and backlog rise; wins LOCUST order
AeroVironment reported Q1 revenue of $480.5M and adjusted EPS of $0.59, with backlog up ~37% to $1.5B, and won an international LOCUST/Locust laser counter-drone order of $50M+ amid mixed pricing.
AeroVironment, Inc. 59, with Autonomous Systems accounting for 72% of sales. 5B, and the company said it won a $50M+ international LOCUST/Locust laser counter-drone order.