
AeroVironment CEO on European defense spending boost, U.S. defense spending and Trump
Wahid Nawabi, AeroVironment CEO, joins 'Closing Bell: Overtime' to discuss the U.S. defense budget, deal closing and more.

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CNBC
9 hours ago
- CNBC
Anduril CEO Palmer Luckey says the defense tech company will 'definitely' go public
Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday. "We are definitely going to be a publicly traded company," he told CNBC's "Closing Bell: Overtime." "We are running this company to be the shape of a publicly traded company." He added that there isn't "really a path" for a company like Anduril to win significant trillion-dollar defense contracts without going public. Luckey did not detail an IPO timeline. Since its founding, Anduril has risen to become one of the most highly valued private U.S. technology companies and is an innovator in the defense tech space, chipping away at competition from industry leaders Lockheed Martin and Northrop Grumman. The company, which ranked No.1 on the CNBC Disruptor 50 list this year, was created by Luckey in 2017 after he was pushed out by Meta. Luckey sold his virtual reality headset company Oculus to Facebook in 2014. Despite Luckey's ousting, the companies announced a joint partnership to create virtual and augmented reality devices for the U.S. Army last month. "I'm working with Meta because we've buried the hatchet and because there's a lot of incredible technology that they have, that paired with Anduril, can make a huge difference for the American war fighter," he said. Anduril has continued to scoop up funding despite a difficult deal environment that's just beginning to reopen for IPOs after a multi-year drought. Chairman Trae Stephens told Bloomberg last week that Anduril recently raised $2.5 billion at a $30.5 billion valuation. That more than doubles its valuation from a funding round in August led by Peter Thiel's Founders Fund. Anduril recently took over Microsoft's $22 billion augmented-reality headset program with the U.S. Army. The company also unveiled a partnership with OpenAI in December, and announced plans to invest roughly $1 billion in a manufacturing facility in Ohio earlier this year.


Business Insider
4 days ago
- Business Insider
Trump signs Executive Order to ‘unleash American drone dominance'
President Donald Trump signed an Executive Order to 'ensure continued American leadership in the development, commercialization, and export of unmanned aircraft systems – otherwise known as drones,' the White House announced. 'The Order directs the Administrator of the Federal Aviation Administration to expand drone operations by enabling routine 'Beyond Visual Line of Sight' drone operations for commercial and public safety missions, and to accelerate the development, testing, and scaling of American drone technologies, including advanced air mobility and autonomous operations. The Order establishes an electric 'Vertical Takeoff and Landing' integration pilot program to accelerate the deployment of safe and lawful vertical operations in the United States, selecting at least five pilot projects to advance applications like cargo transport and medical response,' the White House stated. Companies working on drones or low-altitude urban aircraft known as eVTOLs include AeroVironment (AVAV), Joby Aviation (JOBY) and Archer Aviation (ACHR). Confident Investing Starts Here:


Associated Press
6 days ago
- Associated Press
AeroVironment, Inc. to Announce Fourth Quarter and Full Fiscal Year 2025 Earnings and Host Conference Call
ARLINGTON, Va.--(BUSINESS WIRE)--Jun 5, 2025-- AeroVironment, Inc. ('AV') (NASDAQ: AVAV) will report its financial results for the fourth quarter and full fiscal year 2025, which ended April 30, 2025, after the market closes on Tuesday, June 24, 2025. Management will host a conference call and live audio webcast at 4:30 p.m. Eastern Time that same day to discuss the results. The call will be led by Wahid Nawabi, AV's chairman, president, and chief executive officer; Kevin P. McDonnell, executive vice president and chief financial officer; and Denise Pacioni, director, investor relations. Investors may access the conference call by registering through the following link up to 10 minutes before the event begins: Conference Call Details Date: June 24, 2025 Time: 4:30 p.m. ET | 1:30 p.m. PT | 2:30 p.m. MT | 3:30 p.m. CT Participant registration URL: The live audio webcast will also be accessible via the Investor Relations section of AV's website, Please access the site 15 minutes before the event to ensure any necessary software is downloaded. Audio Replay An audio replay and transcript of the event will be archived on the Investor Relations section of the company's website shortly after the event: ABOUT AEROVIRONMENT, INC. AeroVironment ('AV') (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today's warfighter and tomorrow's conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance. For more information visit: View source version on CONTACT: INVESTOR CONTACT Denise Pacioni Investor Relations AeroVironment, Inc. CONTACT Rene Bardorf AeroVironment, Inc. [email protected] KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY SECURITY AEROSPACE DRONES MANUFACTURING SOFTWARE GOVERNMENT TECHNOLOGY HARDWARE DEFENSE SOURCE: AeroVironment, Inc. Copyright Business Wire 2025. PUB: 06/05/2025 09:18 AM/DISC: 06/05/2025 09:17 AM