AeroVironment FY2024 Earnings: Switching Gears On Switchblade Demand
AVAVAeroVironment(AVAV) Seeking Alpha·2024-06-27 12:51

JoeLena/iStock via Getty Images Investment Thesis Military drone maker AeroVironment (NASDAQ:NASDAQ:AVAV) reported their full-year FY24 earnings results today, which beat expectations on the top and bottom lines. The company reported a huge surge in sales in their LMS segment (Loitering Munition Systems) due to the sustained demand for their Switchblade drones, which continued to propel the company’s sales forward. Since the start of the year, I have been bullish on AeroVironment. In my last coverage, I val ...