Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Investor Day (September 2025)
53 slides from Aerovironment's investor day presentation, Sep 30, 2025
Slide 1: AV Investor Open House
AV Investor Open House Albuquerque, New Mexico September 30, 2025
Slide 2: Safe Harbor Statement
This presentation contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, an
Slide 3: Investor Open House Agenda
TIME TOPIC PRESENTED BY 8:00 AM Registration Denise Pacioni 8:30 AM Welcome Investor Relations Industry Outlook and Wahid Nawabi 8:35 AM Company Overview Chairman, President & CEO Autonomous Systems Trace Stevenson 8:50 AM Segment Overview President, Autonomous Systems _AGENDA AV_Halo: AV's Unified
Slide 4: © 2025 AEROVIRONMENT, INC.
[4] © 2025 AEROVIRONMENT, INC.
Slide 5: Industry Outlook and Company Overview
Industry Outlook and Company Overview Wahid Nawabi Chairman, President and Chief Executive Officer
Slide 6: Paradigm Shift in U.S. Defense Industry
Paradigm Shift in U.S. Defense Industry U.S. and its allies have underinvested in defense spending for 15+ years Industry consolidation has created ~ seven major defense primes The current administration is looking to expand the pool of primes and encourages a more competitive procurement process Th
Slide 7: Rapid Innovation and Industry Experience Win
Rapid Innovation and Industry Experience Win THE PERFECT BLEND OF Customers demand leading-edge innovation AND domain expertise INNOVATION & EXPERIENCE – a unique skillset few companies, like AV, possess AV uses deep customer partnerships and nimble EXPERIENCE technologies to break the tradeoff betw
Slide 8: FY30 Addressable Opportunity Exceeds $75B+
FY30 Addressable Opportunity Exceeds SOURCE: RENAISSANCE STRATEGIC ADVISORS $75B+ $23B+ +9% 5YR CAGR $14B+ $17B+ +17% 5YR CAGR +9% 5YR CAGR Innovating $15B+ and Incubating +16% 5YR CAGR New Markets $10B+ +14% 5YR CAGR OFFENSIVE OFFENSIVE SYSTEMS SYSTEMS UNCREWED SYSTEMS UNCREWED SYATEMS DEFENSIVE DE
Slide 9: AV's Solutions Address U.S. DoD's Fastest Growing Priorities
AV’s Solutions Address U.S. DoD's Fastest Growing Priorities Designed and developed …with the customer’s goals in mind Red Dragon Switchblade 600 Fully autonomous capable, software-defined, Precision Fires & Loitering Munitions Loitering Munition UAS 1. Red Dragon, Switchblade Enables long-range, pr
Slide 10: AV_Halo
AV_Halo The Unified Software Platform for the Future Battlesphere Scott Bowman Vice President and Chief Technology Officer
Slide 11: AV_Halo Software Family
AV SOFTWARE FAMILY AV_Halo AV’s pioneering software stack, AV_Halo , is a modular, mission-ready suite of AI-powered software tools that empower the warfighter to dominate the edge of the battlefield across air, land, sea, and cyber domains. Extensive: Capability categories allow for future technolo
Slide 12: Delivering the Customer's Needs
AV_Halo SOFTWARE STACK Delivering the Customer’s Needs DETECT Fuses multi-domain sensor data into a single AI-driven view. AV_Halo identifies and prioritizes threats instantly, even in contested or denied Own the environments, giving operators unmatched situational awareness and anticipatory dominan
Slide 13: A Truly Integrated Software Approach
AV_Halo SOFTWARE STACK A Truly Integrated Software Approach Modular Open and Built for Edge Unified Warfighting Architecture Interoperable Dominance Ecosystem Deploy what you need, Control AV and third- Works in degraded, From command to scale when you’re party systems alike. contested, and denied
Slide 14: AV_Halo COMMAND
Turnkey, mission-optimized user interfaces integrated with AV_Halo COMMAND third-party battle management systems Application CORE SOFTWARE / Structure DATA MODELS USER INTERFACE APPS (FORMER NAMES) 3rd Party BMS Galaxy ATC Galaxy UAS BVLOS Galaxy C2/C-UAS CORE SOFTWARE Mission UI Sensors & Platforms
Slide 15: Own the Mission. Command the Future.
AV_HALO SOFTWARE ECOSYSTEM Own the Mission. Command the Future. _MARITIME _GROUND _AIR _SPACE CYBER OPS GROUP 3 MUAS THE BATTLEFIELD’S COGNITIVE ENGINE GROUP 1/2 SUAS UNIFIED MULTI-DOMAIN C2 LOITERING MUNITIONS DIRECTED ENERGY COGNITIVE EYES ON TARGET C-UAS AUTONOMY THAT ENDURES SIGINT / OSINT WARFI
Slide 16: Own the Mission. Command the Future.
AV_HALO SOFTWARE ECOSYSTEM Own the Mission. Command the Future. _MARITIME _GROUND _AIR _SPACE CYBER OPS GROUP 3 MUAS THE BATTLEFIELD’S COGNITIVE ENGINE GROUP 1/2 SUAS UNIFIED MULTI-DOMAIN C2 LOITERING MUNITIONS DIRECTED ENERGY COGNITIVE EYES ON TARGET C-UAS AUTONOMY THAT ENDURES SIGINT / OSINT WARFI
Slide 17: AV_Halo Supports the Mission
AV_HALO Supports the Mission Observe-Orient-Decide-Act EXAMPLE MISSION [OODA] Loop OBSERVE 1. Gather SIGINT and OSINT data 2. ID probable target signature 3. Fly ISR platform at expected location 4. Positive ID of target signature AV_Halo automates ACT and enhances each ORIENT phase of the OODA loop
Slide 18: C-UAS Product Example
CONOPs ONE Select software pairings create scalable C-UAS Product Example and mission specific solutions Applications work together to deliver a layered & scalable C-UAS solution. The Problem AV_Halo Solution Our layered & integrated software stack, matched with our autonomous hardware systems: COMM
Slide 19: Autonomous Systems Segment Overview
Autonomous Systems Segment Overview Trace Stevenson President, Autonomous Systems
Slide 20: Autonomous Systems Solutions for Mission-Critical Operations
Autonomous Systems Solutions for Mission-Critical Operations P 550 Switchblade 600 Freedom Eagle-1 Red Dragon Kinetic Intercept Jump 20 Puma 3AE Defender Telemax EVO AVACAORE SPOTR-Edge [PSDS] Precision Strike & C-UAS [UxS] Uncrewed Systems | Air, Ground & Maritime Robotics [MW] MacCready Works Trac
Slide 21: [AxS] Autonomous Systems
[AxS] Autonomous Systems SUAS (GROUP 1/2 UAS) MUAS (GROUP 3 UAS) PUMA LE PUMA 3AE PUMA VTOL T-20 JUMP 20 JUMP 20-X P550 RAVEN B VAPOR 55 MX PRECISION STRIKE AND DEFENSE SYSTEMS TOMAHAWK SWITCHBLADE 600 SWITCHBLADE 300 RED DRAGON BLACKWING ROBOTIC SOLUTIONS (TELEROB) MACCREADY WORKS (ADVANCED TECHNOL
Slide 22: We Are the Future of Defense | AxS Technologies
We Are the Future of Defense | AxS Technologies OPERATIONAL VIEW HAPS MUAS MUAS AV_Halo COMMAND SUAS SUAS PRECISION UGV STRIKE & C-UAS AV_HALO UGV UUV PRECISION STRIKE & C-UAS UUV [22] © 2025 AEROVIRONMENT, INC.
Slide 23: AxS Global Manufacturing | Scaling to Meet Rising Demand
AxS Global Manufacturing | Scaling to Meet Rising Demand WORLDWIDE FOOTPRINT PURPOSE-BUILT TO SUPPORT UxS & PRECISION STRIKE MISSIONS PA KS HQ CA INTERNATIONAL PRODUCTION UT OSTFILDERN, GERMANY REGIONAL SALES OFFICES AL UNITED KINGDOM ABU DHABI FL 3x 2x AV Product Puma 3 AE Switchblade 300 Switchbla
Slide 24: Several Key Growth Programs on the Horizon
Several Key Growth Programs on the Horizon INNOVATIVE SCALABLE LARGE-SCALE PROGRAM KEY GROWTH DRIVERS LEADING SOLUTIONS MANUFACTURING OPPORTUNITIES TO EXPANDED FOOTPRINT U.S. ARMY LRR (P550) $1B+ P550 Battlefield Adaptable eVTOL UAS U.S. MARINE CORPS OPF (SWITCHBLADE) $2B+ U.S. ARMY LASSO (SWITCHBLA
Slide 25: AxS FY30 Addressable Opportunity Exceeds $50B+
AxS FY30 Addressable Opportunity Exceeds SOURCE: RENAISSANCE STRATEGIC ADVISORS $50B+ $15B+ $14B+ 16% 5YR CAGR $13B+ 17% 5YR CAGR 12% 5YR CAGR $10B+ 14% 5YR CAGR Innovating and Incubating New Markets OFFENSIVE SYSTEMS DEFENSIVE SYSTEMS UNCREWED SYSTEMS MW / ADV Loitering Munitions, Launched Effects,
Slide 26: Space, Cyber and Directed Energy Segment Overview
Space, Cyber and Directed Energy Segment Overview Trip Ferguson President, Space, Cyber and Directed Energy
Slide 27: SCDE Solutions for Mission-Critical Operations
SCDE Solutions for Mission-Critical Operations BADGER LOCUST Cyber Solutions ELMNT Phased Array Solution Laser Weapon System Cutting edge engineering Biological and Nanoscale Space Directed Energy Mission Systems Cyber Mission Solutions SEGMENT HIGHLIGHTS Trip Ferguson President, Space, Cyber & Dire
Slide 28: Space, Cyber & Directed Energy Products
Space, Cyber & Directed Energy Products TASKING, COLLECTION, SPACE DOMAIN ORBITAL RF SYSTEMS SATELLITE ELECTRONICS LASER COMMUNICATION PROCESSING AND AWARENESS MISSION WARFARE & FOR COMMUNICATIONS AND AND SPACE-QUALIFIED SPACE PAYLOADS DISSEMINATION (TCPED) SYSTEMS SPACE EFFECTS SENSING SENSORS BADG
Slide 29: We Are the Future of Defense | Our Technologies
We Are the Future of Defense | Our Technologies OPERATIONAL VIEW BADGER Phased Array Solution SPACE LOCUST Laser Weapon System Cyber DIRECTED ENERGY Space Directed Energy CYBER [29] © 2025 AEROVIRONMENT, INC.
Slide 30: World-Class Infrastructure Enabling Rapid Test, Prototype, and Scaled Production
World-Class Infrastructure Enabling Rapid Test, Prototype, and Scaled Production A NATIONAL FOOTPRINT PURPOSE-BUILT TO SUPPORT SPACE, CYBER & DIRECTED ENERGY MISSIONS OH NY PA CO CA HQ NM SC AL TX FL Automated RF Anechoic Space Qualified Space Operations Long Haul LaserComm Sensor Production & End-t
Slide 31: The "Under Dome" For Golden Dome
LIMITED AREA DEFENSE OPERAIONAL VIEW The "Under Dome" For Golden Dome AV, SNC Collaborate to Develop Limited-Area Missile Defense Architecture Under Golden Dome Initiative By uniting AV's fielded kinetic, directed-energy, and sensor solutions with SNC’s open-architecture integration expertise, our p
Slide 32: Scaling Next-Gen Innovation into Mission Success
Scaling Next-Gen Innovation into Mission Success NEXT-GENERATION STATE-OF-THE-ART LARGE-SCALE TECHNOLOGY & IP FACILITIES PROGRAM WINS KEY GROWTH DRIVERS SCAR (BADGER) $1.7B+ BADGER SPACE OPERATIONS BADGER Phased Array Solution HELMSSMAN (ADVANCED MATERIALS) Germantown, MD Advanced R&D and Manufactur
Slide 33: Space and Directed Energy
Space and Directed Energy Mary Clum Executive Vice President, Space and Directed Energy
Slide 34: Space & Directed Energy Overview
Space & Directed Energy Overview RF SATCOM Space Grade Multi-Domain Missile Directed Energy & Electronics Tracking & Telemetry Advanced Tracking Systems SPACE QUALIFIED BADGER ELECTRONICS, COMPONENTS & PANTHER LOCUST PHASED ARRAY SOLUTION LASERCOMM TERMINALS RF TRACKING & TELEMETRY LASER WEAPON SYST
Slide 35: Proven Legacy of Demonstrated On-Orbit & In-Theater Performance
Proven Legacy of Demonstrated On-Orbit & In-Theater Performance Backed by Specialized Teams of Mission Experts 260+ 23,000 >50% ON-ORBIT LASER WEAPON SYSTEM OF THE EMPLOYEE BASE ARE DEDICATED SOFTWARE & SPACE COMPONENTS OPERATIONAL HOURS SPECIALTY ENGINEERS [35] © 2025 AEROVIRONMENT, INC.
Slide 36: AV is the Platform for Scaling Game-Changing Technologies
Header AV is the Platform for Scaling Laser Communications Terminal Game-Changing Technologies. Space-Qualified Production Line Our unique combination of hardware-agnostic software suite, production capacity, and financial strength allows us to take the most challenging technologies to scale in Spac
Slide 37: Rapidly Evolving Threats are Shaping New Requirements for Dominance
Rapidly Evolving Threats are Shaping New Requirements for Dominance JUNE 2, 2025 JULY 10, 2025 HOW UKRAINE’S OPERATION CHINA’S “Spider’s Web” ORBITAL REDEFINES MANEUVERS ASYMMETRIC blur the line WARFARE BETWEEN PEACEFUL AND PROVOCATIVE Rapid proliferation of urgent threats requires new solutions Spa
Slide 38: Space and Directed Energy FY30 Addressable Opportunity Exceeds $27B+
Space and Directed Energy FY30 Addressable SOURCE: RENAISSANCE STRATEGIC ADVISORS Opportunity Exceeds $27B+ $13B+ 9% 5YR CAGR $7B+ 7% 5YR CAGR $4B+ $3B+ 8% 5YR CAGR 24% 5YR CAGR LASER COMMS DIRECTED ENERGY RF SATCOM SPACE GRADE ELECTRONICS [38] © 2025 AEROVIRONMENT, INC.
Slide 39: Resilient High-Capacity Network of Ground Entry Points
Resilient High-Capacity Network of Ground Entry Points GEO AV’s ground entry point architecture is a resilient, high capacity, and agile solution that delivers multi-orbit, multi-band TRADITIONAL SOLUTION Single point-to-point connectivity across the contested space domain connection AV LAYERED SOLU
Slide 40: Secure & Persistent Space is Critical Infrastructure
Secure & Persistent Space is Critical Infrastructure Mission -Aligned Advantage ‘...bunch of Ensure U.S. forces have persistent connectivity in contested and denied environments ‘SCARS...’ Space Force’s Hammett Address capacity constraints of legacy speeds phased array SATCOM ground infrastructure i
Slide 41: Capturing the End-to-End Ground Network Value Chain
Capturing the End-to-End Ground Network Value Chain FUTURE CAPABILITY PHASE 01 CAPABILITY TODAY SCAR Capability Deployment PHASE 02 Scale Global Operations FUTURE CAPABILITY PHASE 03 Proliferated Multi-Mission Capability to Established Global Network [41] © 2025 AEROVIRONMENT, INC.
Slide 42: Portfolio of On-Orbit Components & Systems
Portfolio of On-Orbit Components & Systems Optimized suite of exquisite, space-qualified ON-BOARD SPACECRAFT FAST STEERING MIRRORS SENSORS hardware trusted to fly in the most extreme environments across GEO, MEO, LEO and Cislunar orbits. SATELLITE ELECTRONICS ON-ORBIT LASER COMMUNICATIONS TERMINALS
Slide 43: Decades of Enabling Critical Missions
Decades of Enabling Critical Missions Technology on Orbit as Part of NASA’s Laser Communications Relay Demonstration (LCRD) DEC 8, 2021 260+ Systems on-orbit for critical missions in partner with strategic customers for the most extreme missions [43] © 2025 AEROVIRONMENT, INC.
Slide 44: Rising National Security Demands are Propelling LaserComm
Rising National Security Demands are Propelling LaserComm from an Emerging Capability to an Essential Requirement Mission Aligned Advantages Driving Growth Demonstrated Leader Data Demand: LaserComm offers 100–1,000x more bandwidth than RF communications 200,000+ km multi-orbit, space-to-space Resil
Slide 45: AV is the Leader in Long-Haul On-Orbit Laser Communications
AV is the Leader in Long-Haul On-Orbit Laser Communications LONG-HAUL LASER Our vertically integrated model secures ownership of mission-critical COMMUNICATIONS components: Fast-Steering Mirrors, proprietary controls architecture, and TERMINAL AV’s software stack, AV_Halo. FAST STEERING MIRROR CONTR
Slide 46: Ready for Orbit: Long-Haul LaserComm Capabilities Demonstration
Ready for Orbit: Breakthrough Long-Haul LaserComm Capabilities Demonstration [46] © 2025 AEROVIRONMENT, INC.
Slide 47: Directed Energy and Advanced Targeting & Tracking Systems Overview
Directed Energy and Advanced Targeting & Tracking Systems Overview Laser Weapon System Advanced Targeting & Space Domain (LWS) Tracking Systems Awareness [47] © 2025 AEROVIRONMENT, INC.
Slide 48: A Leader in the Directed Energy Market
A Leader in the Directed Energy Market AV is one of the few companies to have fielded combat-proven high-energy laser systems with sustained Army support contracts and deliveries of next-generation systems for future deployments. [48] © 2025 AEROVIRONMENT, INC.
Slide 49: Proven Lethality Demonstrated in Operational & Test Environments
Proven Lethality Demonstrated in Operational & Test Environments [49] © 2025 AEROVIRONMENT, INC.
Slide 50: AV has scaled the deployment of directed energy systems faster than any peer
AV has scaled the deployment of directed energy systems faster than Ownership of the foundation any peer through ownership technology extends AV's leader’s advantage of foundation IP: an integrated to the future of directed energy and precision-driven software layer of AI-enabled precision product l
Slide 51: Break
AY Break
Slide 52: © 2025 AEROVIRONMENT, INC.
[52] © 2025 AEROVIRONMENT, INC.
Slide 53: Closing Remarks
Closing Remarks Kevin McDonnell Executive Vice President and Chief Financial Officer