Drones Stock AeroVironment Is Now a Space Stock, Too
Key PointsNew AeroVironment acquisition Blue Halo just landed a $100 million Pentagon contract.
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.
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