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2 clusters · 6 sources · 4 days · First seen 22 days ago · Last updated 19 days ago

AeroVironment defense production expansion

Overview

AeroVironment is expanding its defense technology production through international partnerships and domestic infrastructure investments. The company announced the formation of AV Eagle, a majority-owned joint venture with Athens-based Eyeonix SA. This Greek venture aims to localize the production of unmanned aerial systems, loitering munitions, and counter-unmanned aircraft systems to serve the European market, with production capabilities projected to be operational by 2028.

In addition to the Greek expansion, AeroVironment has committed $100 million to develop a unified, company-owned campus in Moorpark, California. This project will consolidate five existing leased sites onto a single 20-acre property to accelerate the transition from prototyping to fielded systems. These developments follow a period of significant growth, with the company reporting a record backlog of $1.18 billion at the end of fiscal year 2026.

Entities

AeroVironment · Eyeonix SA · Hellenic Center for Defence Innovation · AV Eagle · US Army

Timeline

19 days ago

[BUSINESS] 3 sources
AeroVironment expands production with $100M US campus and Greek joint venture
AeroVironment is investing $100 million in a unified California campus and launching a joint venture in Greece to expand its unmanned systems production and global defense capabilities.
22 days ago

[BUSINESS] 4 sources
AeroVironment forms Greek joint venture for drone production
AeroVironment and Eyeonix SA have formed a joint venture, AV Eagle, to produce drones and counter-UAS technologies in Greece for the European market, with production expected by 2028.

Sources

ad-hoc-news.de · aijourn.com · europesays.com · militaryleak.com · offshoresource.com · securities.io