Drones Stock AeroVironment Is Now a Space Stock, Too

AeroVironment, a drone specialist founded in 1971, has undergone significant transformation over the past six decades. Initially known for its experimental solar-powered aircraft, the company shifted focus to small, innovative surveillance drones and eventually became a major supplier of weaponized drones, particularly the Switchblade loitering munitions, for the military.

This evolution has now led AeroVironment to become a global defense technology leader, as evidenced by its recent acquisition of defense company Blue Halo for $4.1 billion in May 2025. This strategic move has expanded AeroVironment's capabilities across air, land, sea, space, and cyber domains, effectively turning it into a space stock as well.

Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.