AeroVironment, Inc. (AVAV)

AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems and efficient energy systems for various industries and governmental agencies. It offers small, hand-launched unmanned aircraft systems (UAS) that provide intelligence, surveillance, and reconnaissance, including real-time tactical reconnaissance tracking, combat assessment, and geographic data to the small tactical unit or individual war fighter. The small UAS wirelessly transmit critical live video and other information generated by their payload of electro-optical or infrared sensors, enabling the operator to view and capture images on a hand-held ground control unit. The company also provides spare equipment, training, alternative payload modules, batteries, chargers, repairs, and customer support services for small UAS. In addition, it offers PosiCharge electric vehicle charging systems for industrial electric material handling fleets; electric vehicle test systems for developers of hybrid and electric vehicles to test batteries, electric motors, and fuel cell systems; and contract engineering services to internal and external customers, as well as battery packs, electric motors, and fuel cells. AeroVironment Inc. sells its products to organizations within the U.S. Department of Defense, government customers, and commercial customers. The company was incorporated in 1971 and is headquartered in Monrovia, California.