Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Investor Day (2026)
43 slides from Aerovironment's investor day presentation, 2026
Slide 1: Leading Innovation. Capturing Growth. Executing with Excellence.
Leading Innovation. AV Investor Day Capturing Growth. and FY30 Growth Plan Executing with Excellence.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements in this presentation may constitute "forward-looking the f government and international customers; the consequences to our financial statements" as that term is defined in the Private Securities Litigation Reform Act position, business and reputation that cou
Slide 3: Agenda
[01] Strategic Overview Wahid Nawabi | Chairman, President & Chief Executive Officer [02] Capturing Growth Church Hutton | Chief Growth Officer Agenda [03] Executing with Excellence Dr. Robert (Rob) Smith | Chief Operating Officer [04] Financial Overview Sean Woodward | Chief Financial Officer [05]
Slide 4: Mission-Critical Capabilities Across Air, Land, Sea, Space and Cyber
a Mission-Critical Capabilities Across Air, Land, Sea Space and Cyber. \ 4 a y a y ad es
Slide 5: Strategic Overview
[01] Strategic Overview WAHID NAWABI CHAIRMAN, PRESIDENT & CHIEF EXECUTIVE OFFICER Leading Capturing Executing Innovation. Growth. with Excellence. [5] © 2026 AEROVIRONMENT, INC.
Slide 6: AV Company Overview
[01] STRATEGIC OVERVIEW FY26 Revenue Breakdown ($M) AV Company Overview By Segment SCDE 619 (31%) BUSINESS SEGMENTS 4,000 STRENGTHS & AXS EMPLOYEES AxS SCDE DIFFERENTIATORS 1,358 Autonomous Space, Cyber (69%) Systems & Directed Energy 18 Battlefield Experience GLOBAL MANUFACTURING By Geography LOCAT
Slide 7: AV Investment Case
[01] STRATEGIC OVERVIEW AV Investment Case 01 02 Trusted Defense Partner Diversified, Mission-Aligned Portfolio Proven track record of delivering on Positioned across multiple defense domains commitments to our most demanding and aligned with our customers’ highest customers over multiple decades. p
Slide 8: Delivering Strong Performance
[01] STRATEGIC OVERVIEW Delivering Strong Performance AV then and now: 2026 exceeds strategic objectives outlined in Investor Day two years ago June 2024 July 2026 Priorities from 2024 Investor Day We delivered on our strategic plan Market Capitalization $5.2B1 $9.7B2 Product Launched Red Dragon, P5
Slide 9: Expanded Portfolio in Growth Areas Aligned to Customer Priorities
[01] STRATEGIC OVERVIEW Expanded Portfolio in Growth Areas Aligned to Customer Priorities Multi-Mission ISR Strike Counter-UAS Space & Advanced Technologies Software Foundation Layer [9] © 2026 AEROVIRONMENT, INC.
Slide 10: Launched Products that have Grown into Leading Franchises
[01] STRATEGIC OVERVIEW Launched Products that have Grown into Leading Franchises Since FY24, we invested $500M to develop key products anticipated to drive significant revenue growth by FY30 SB 400 | LOITERING MUNITION & AV HALO_SHIELD P550 | GROUP 2 VTOL UAS TITAN 4 RF-COUNTER-UAS MAYHEM 10 | LAUN
Slide 11: FY30 Strategic Priorities
[01] STRATEGIC OVERVIEW FY30 Strategic Priorities Lead with Innovation. Develop best-in-class innovative software and hardware solutions aligned to our customer's current and future needs. Capture Growth. Increase global market share. Execute with Excellence. Optimize and align the portfolio to our
Slide 12: Leading innovation through focused investments
[01] STRATEGIC OVERVIEW Leading innovation Multi-Mission ISR Strike Counter-UAS Space & Advanced Technologies through focused investments to develop products ahead of customer demand P550 Switchblade Halo_Shield LaserComm JUMP 20-X Mayhem 10 LOCUST Phased Array ▸ Faster time to market VAPOR Red Drag
Slide 13: Capturing Growth through FY30
[01] STRATEGIC OVERVIEW Capturing Growth through FY30 US DoW investment expected to increase significantly AV positioned to capture the moment International defense spending increasing 12% YoY ▸ Optimizing portfolio ▸ Integrating solutions ▸ Growing international presence AV’s SOM forecasted to grow
Slide 14: Executing with Excellence
[01] STRATEGIC OVERVIEW Executing with Excellence As demand converts to awards, execution becomes the key competitive advantage Meet increased Advance product Optimize portfolio customer demand excellence ▸ Expand manufacturing capacity ▸ Deliver best-in-class software- ▸ Focus on core competencies
Slide 15: Capturing Growth
[02] Capturing Growth CHURCH HUTTON CHIEF GROWTH OFFICER Leading Capturing Executing Innovation. Growth. with Excellence. [15] © 2026 AEROVIRONMENT, INC.
Slide 16: Capturing Growth Through FY30
[02] CAPTURING GROWTH Capturing Growth Through FY30 Trusted products. Installed customers. Positioned to win programs. Proven, fielded systems and Leverage deep intimacy with installed Positioned to compete and win innovative new offerings aligned to customer base whose budgets are customer programs
Slide 17: Products: Wins and New Offerings Set Foundation for Franchise Growth
[02] CAPTURING GROWTH Products: Wins and New Offerings Set Foundation for Franchise Growth Orders, Wins and New Product Introductions for the Next-Generation P550 Switchblade 600 LOCUST LaserComm Switchblade 400 $117M ORDER FOR ARMY LRR $186M ORDER FOR ARMY LUS-DR CLEARED FOR DOMESTIC USE & EXPORT $
Slide 18: Customers: Penetrating a Distributed Installed Customer Base
[02] CAPTURING GROWTH Customers: Penetrating a Distributed Installed Customer Base US Army US Navy / Special US Air Force / Intelligence Federal / USMC Operations Space Force Community State & Local TITAN TITAN TITAN TITAN DIGITAL OPERATIONS TITAN MAYHEM 10 JUMP 20-X JUMP 20-X LASERCOMM CYBER & NETW
Slide 19: Customers: Expanding Internationally to Meet Demand
[02] CAPTURING GROWTH Customers: Expanding Internationally to Meet Demand Europe DETERRENCE Driving AV Captures KINETIC STRIKE, ISR, COUNTER-UAS TITAN LOCUST JUMP 20-X Arabian Gulf REBUILDING SWITCHBLADE FAMILY COUNTER-UAS, ISR LATAM ANTI-NARCOTERRORISM Into an Installed Base COUNTER-UAS 55+ CUSTOME
Slide 20: Programs: SOM Projected to Grow 18% CAGR Through FY30
[02] CAPTURING GROWTH Programs: SOM Projected to Grow 18% CAGR Through FY30 FY26 SERVICEABLE OBTAINABLE MARKET [SOM] +14% CAGR FY30 SERVICEABLE OBTAINABLE MARKET [SOM] $21.8B +19% +28% CAGR $12.9B CAGR $10.2B +20% $9.6B CAGR $6.8B $5.0B $3.5B $3.3B Multi-Mission ISR Strike Counter-UAS Space & Advanc
Slide 21: Programs: AV Positioned for Program Capture
[02] CAPTURING GROWTH Programs: AV Positioned for Program Capture 4 yr. Opportunity Value CATEGORY PRODUCTS KEY PROGRAMS CUSTOMERS FY27-30 Multi-Mission ISR JUMP 20-X Army Brigade UAS Army, USMC, Navy, SOCOM, P550, Puma, Vapor Army Long Range Reconnaissance International Army Medium Range Reconnaiss
Slide 22: Summary: Capturing Growth Through FY30
[02] CAPTURING GROWTH Summary: Capturing Growth Through FY30 Trusted products. Installed customers. Positioned to win programs. Proven, fielded systems and innovative Leverage deep intimacy with installed Positioned to compete and win customer new offerings aligned to DoW and customer base whose bud
Slide 23: Executing with Excellence
[03] Executing with Excellence DR. ROB SMITH EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER Leading Capturing Executing Innovation. Growth. with Excellence. [23] © 2026 AEROVIRONMENT, INC.
Slide 24: Scaling Products and Operations to Execute on $50B+ SOM by FY30
[03] EXECUTING WITH EXCELLENCE Scaling Products and Operations to Execute on $50B+ SOM by FY30 Leverage market position & Scale for future growth. Invest in next-gen drive synergies. capabilities. Leverage strong strategic alignment Expand manufacturing and supply Continue industry-leading IRAD to D
Slide 25: Two Segments – One AV
[03] EXECUTING WITH EXCELLENCE Two Segments – One AV AUTONOMOUS SYSTEMS (AxS) SPACE, CYBER, & DIRECTED ENERGY (SCDE) Precision Strike & Defense Systems Loitering Munitions, One-Way Attack, Counter-UAS Space & Directed Energy $1.36 B and Electronic Warfare On-orbit Laser Comms and Electronics, Teleme
Slide 26: At a Glance: Autonomous Systems (AxS)
[03] EXECUTING WITH EXCELLENCE At a Glance Segment Highlights Autonomous Systems (AxS) Revenue $ 1.36 B FY26 ACTUAL REVENUE 42,000+ PLATFORMS FIELDED Precision Strike Uncrewed Systems Other & Defensive Systems Addressable Market $ 32 B FY30 SERVICEABLE OBTAINABLE MARKET JUMP 20-X AVACORE +22% 5-YEAR
Slide 27: At a Glance: Space, Cyber and Directed Energy (SCDE)
[03] EXECUTING WITH EXCELLENCE At a Glance Segment Highlights Space, Cyber and Directed Energy (SCDE) Revenue $ 619 M FY26 ACTUAL REVENUE 270+ ON-ORBIT SPACE SYSTEMS Space & Directed Energy Cyber & Mission Solutions Addressable Market $ 18 B FY30 SERVICEABLE OBTAINABLE MARKET +12% 5-YEAR SOM CAGR BA
Slide 28: Realizing Synergies through Operational and Technological Alignment
[03] EXECUTING WITH EXCELLENCE Realizing Synergies through Operational and Technological Alignment Best Practices, Synergies and Operating Leverage Across AxS and SCDE SHARED RESOURCES Driving cost synergies and reducing development timelines with enterprise-wide collaboration across engineering, su
Slide 29: Manufacturing Investments Support FY30 Strategic Growth Goals
[03] EXECUTING WITH EXCELLENCE Manufacturing Investments Support FY30 Strategic Growth Goals Investing ~$130M of FY27 Scaling production capacity CapEx to lay across major SALT LAKE CITY,UT DAYTON,OH foundation for steep locations with PETALUMA,CA scaling trajectory to POTTSTOWN,PA ~$65M facilities
Slide 30: Strategic Actions for Strengthening Supply Chain Resilience
[03] EXECUTING WITH EXCELLENCE Strategic Actions for Strengthening Supply Chain Resilience Proven supply chain capabilities Continuing to strengthen supply chain performance ~1,400 Geographically diversified, Secure long-term supplier commitments to support SUPPLIERS rigorously selected supplier bas
Slide 31: Investing in Next-Gen Capabilities & Enhancements on Proven Platforms
[03] EXECUTING WITH EXCELLENCE Investing in Next-Gen Capabilities & Enhancements on Proven Platforms AUTONOMY | COMMAND & CONTROL SYNTHETIC TRAINING | AI & MACHINE LEARNING GROUP 2 UAS GROUP 3 UAS Software Multi-Mission ISR Space & Balanced IRAD Advanced Tech FY27 IRAD PHASED ARRAYS & PASSIVE RADARS
Slide 32: Summary: Scaling Products and Operations to Execute on $50B+ SOM by FY30
[03] EXECUTING WITH EXCELLENCE Summary: Scaling Products and Operations to Execute on $50B+ SOM by FY30 Leverage market position & Scale for future growth. Invest in next-gen drive synergies. capabilities. Leverage strong strategic alignment Expand manufacturing and supply Continue industry-leading
Slide 33: Break
[01] Strategic Overview Wahid Nawabi | Chairman, President & Chief Executive Officer [02] Capturing Growth Church Hutton | Chief Growth Officer Break [03] Executing with Excellence Dr. Robert (Rob) Smith | Chief Operating Officer [04] Financial Overview Sean Woodward | Chief Financial Officer [05] Q
Slide 34: Leading Innovation. Capturing Growth. Executing with Excellence.
Leading Innovation. AV Investor Day Capturing Growth. and FY30 Growth Plan Executing with Excellence.
Slide 35: Financial Overview
[04] Financial Overview SEAN WOODWARD EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER Leading Capturing Executing Innovation. Growth. with Excellence. [35] © 2026 AEROVIRONMENT, INC.
Slide 36: Financial Priorities for Value Creation
[04] FINANCIAL OVERVIEW Financial Priorities for Value Creation Leading innovation. Capturing growth. Executing with excellence. Sector-leading IRAD and margin-accretive Pursue high-yield programs aligned to Leverage AV’s proven business model by organic growth to capture share in high- DoW and inte
Slide 37: Investing in Innovation to Fuel Topline Growth
[04] FINANCIAL OVERVIEW Investing in Innovation to Fuel Topline Growth Since FY24, we invested $500M to develop key products anticipated to drive significant revenue growth by FY30 SB 400 | LOITERING MUNITION & AV HALO_SHIELD P550 | GROUP 2 VTOL UAS TITAN 4 RF-COUNTER-UAS MAYHEM 10 | LAUNCHED EFFECT
Slide 38: Investing in Expansion Efforts During Growth Periods
[04] FINANCIAL OVERVIEW Investing in Expansion Efforts During Growth Periods MANUFACTURING ~$283M CAPACITY EXPANSION +$4B FY27 ORGANIC CAPITAL INVESTMENT INCREMENTAL CAPACITY TO DRIVE REVENUE GROWTH Disciplined Capital Allocation Builds Defense Industrial Base Capacity Expansion: Infrastructure to P
Slide 39: Long-Term Financial Framework to Drive Shareholder Value: Path to FY30
[04] FINANCIAL OVERVIEW Long-Term Financial Framework to Drive Shareholder Value: Path to FY30 Disciplined growth strategy delivering sustainable margin expansion and organic revenue acceleration FY26 Actuals FY27 Guidance FY30 Targets Innovation drives $2.125-$2.225 B 15-20% ~2× REVENUE BY 2030 top
Slide 40: FY26-30 Revenue Growth Driven by Innovation, Market Expansion
[04] FINANCIAL OVERVIEW FY26-30 Revenue Growth Driven by Innovation, Market Expansion +8-11% $3.5 - $4.0B AV Operating Group +7-10% CAGR +15-20% CAGR +13-19% CAGR CAGR FY26 ACTUALS +29-33% GROWTH CAGR +15-20% CAGR ~$2.0B Precision Strike & FY26 Actuals Space & Directed Energy UAS Cyber & Mission Sys
Slide 41: FY26-30 Adjusted EBITDA Growth Drivers
[04] FINANCIAL OVERVIEW FY26-30 Adjusted EBITDA Growth Drivers Organic growth, operating leverage, R&D, focused execution EBITDA MARGIN $ GROWTH DRIVERS ~$630 - $800 M 18-20% FY26 ACTUALS DRIVERS OF ADJUSTED EBITDA EXPANSION GROWTH 01 Organic Revenue Aligned to fastest growing customer priorities Gr
Slide 42: Summary: Financial Priorities for Value Creation
[04] FINANCIAL OVERVIEW Summary: Financial Priorities for Value Creation Leading innovation. Capturing growth. Executing with excellence. Sector-leading IRAD and Pursue high-yield programs aligned to Leverage AV’s proven business model to margin-accretive organic DoW and international demand, enabli
Slide 43: Questions & Answers
Questions & Answers