AeroVironment Inc. (AVAV) is Spreading its Wings for Future Growth
Founded in 1971 by renowned physicist and engineer, Dr. Paul MacCready, AeroVironment Inc. designs, develops, manufactures, and supports a portfolio of Unmanned Aircraft Systems (UAS) and efficient electric-energy systems. The company has headquarters in Monrovia, California. As part of the Aerospace/Defense industry, they trade on NASDAQ and their current market capitalization is $499.81M. AeroVironment Inc. makes a small UAS, which the U.S. Department of Defense uses extensively. In addition, allied military forces are using these unmanned aircraft systems. These systems deliver real-time reconnaissance, surveillance, and target acquisition to tactical military operating units. The company operates three product groups. Their Unmanned…