Revenue down by $8.4 million from previous quarter, resulting from decreased UAV sales
By RBR Staff
May 02, 2012
AeroVironment (AVAV). AeroVironment stands on the cutting edge of unmanned aerial reconnaissance. Primarily a manufacturer of unmanned aircraft systems for the Department of Defense, the company has serviced the military with handheld robotic devices used for the surveillance of ground opposition.
AeroVironment recently developed the smallest unmanned aerial vehicle to date. Named one of the “50 best innovations of 2011” by TIME Magazine, the Nano Hummingbird was designed by AeroVironment as a compact surveillance unit capable of covert and controlled observation.
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