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AeroVironment builds the small drones and loitering munitions that defined the drone era of modern war — Switchblade kamikaze munitions, Puma and JUMP 20 reconnaissance aircraft — sold overwhelmingly to the U.S. military and its allies. Its $4.1B all-stock takeover of BlueHalo in May 2025 nearly doubled the company overnight, bolting on space, directed-energy and cyber businesses and pushing FY2026 revenue to ~$2.0B (+141%).

What AeroVironment, Inc. really sells

AeroVironment builds the small drones and loitering munitions that defined the drone era of modern war — Switchblade kamikaze munitions, Puma and JUMP 20 reconnaissance aircraft — sold overwhelmingly to the U.S. military and its allies. Its $4.1B all-stock takeover of BlueHalo in May 2025 nearly doubled the company overnight, bolting on space, directed-energy and cyber businesses and pushing FY2026 revenue to ~$2.0B (+141%).

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