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ARLINGTON, Va. - Defense technology company AeroVironment, Inc. (NASDAQ:AVAV), with annual revenue of $820.63 million and a market capitalization of $11.24 billion, announced Monday it has received a nearly $240 million order for its long-haul laser communications terminals from an undisclosed customer who will deploy the systems in orbit. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.52.
The terminals have demonstrated multi-orbit, space-to-space satellite crosslink capabilities while operating in challenging space environments, according to a company press release. The systems are designed to transfer high-bandwidth data across different orbital altitudes, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary orbit (GEO). The company’s stock has shown remarkable momentum, posting a 70.85% return over the past six months.
"This contract moves our superior, next-generation long-haul laser communication terminals from the lab to orbit," said Mary Clum, Executive Vice President of AeroVironment’s Space and Directed Energy Group.
The company completed a successful two-terminal long-haul, multi-orbit laser communication system demonstration in March 2025 and announced its manufacturing readiness for orbit at that time.
AeroVironment’s laser communication terminals are marketed as offering longer range, greater accuracy, and higher reliability for free-space optical communications. The company states the new systems build upon previously developed and deployed technologies, some of which remain in orbit today.
AeroVironment manufactures defense technologies across multiple domains including air, land, sea, space, and cyber, with a focus on autonomous systems, loitering munitions, counter-UAS technologies, and space-based platforms. InvestingPro analysis reveals 15+ additional insights about AVAV’s financial health and growth prospects, available through the comprehensive Pro Research Report, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.
In other recent news, AeroVironment has launched the AV_Halo software platform, which integrates various mission-ready software tools into a unified ecosystem compatible with other battle management systems. The company also delivered its first laser weapon systems to the U.S. Army, marking a significant step in the Army Multi-Purpose High Energy Laser prototyping effort. In personnel changes, Brett Hush, AeroVironment’s Executive Vice President and General Manager of Loitering Munition Systems, has resigned to pursue other opportunities. Meanwhile, ZenaTech announced plans to expand its Drone as a Service operations by acquiring two Florida-based companies. These acquisitions will allow ZenaTech to enter the U.S. power washing sector and expand into aviation and defense services. Additionally, ZenaTech will participate in several investor conferences across the U.S. and Europe to showcase its developments in drone services and U.S. defense operations. These recent developments highlight the dynamic activities within both companies as they continue to innovate and expand their market presence.
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