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AVAV News
AVAV Events
AeroVironment Signs MOU with Alpha Unmanned for JUMP 20 Collaboration
AeroVironment announced a memorandum of understanding with Alpha Unmanned Systems S.L. to explore collaboration supporting AV's JUMP 20 fixed-wing unmanned aircraft system, which features vertical takeoff and landing capabilities. The announcement is being made in connection with the Association of the United States Army Annual Meeting & Exposition in Washington. "A platform only delivers value when operators can keep it flying," said Shane Hastings, senior vice president and general manager of uncrewed systems at AV. "This agreement is about exploring how to bring training, maintenance and sustainment closer to JUMP 20 customers in Europe, beginning with opportunities in Spain." The MOU establishes a framework for collaboration on JUMP 20 fielding, sustainment, training, maintenance and in-country and in-theater support, initially focused on Spain. The collaboration may expand to other markets in Europe and Latin America. The companies will also plan to evaluate integration of Alpha's UAV subsystem products, including its GCASE Ground Control Station, GTRACK tracking system and AIS module, into the JUMP 20 platform.
AeroVironment Partners with Elsight to Integrate Halo Technology
AeroVironment and Elsight announced a partnership to integrate Elsight's Halo connectivity technology into AV's Mayhem 10 launched effects system, strengthening communications resilience in complex and contested environments. "The integration will enable Mayhem 10 to intelligently manage multiple communications networks, including satellite, private and public cellular and point-to-point radio, through a single connectivity layer. Elsight's Halois is designed to intelligently bond multiple available communication links into one resilient connection, adapt to changing network conditions and reduce dependence on any single link without requiring operator intervention," the companies stated.
AeroVironment Subsidiary VideoRay Supports AEVEX Team
AeroVironment announced that AV's wholly owned subsidiary VideoRay is supporting an AEVEX-led team selected for a prototype Other Transaction Agreement following the U.S. Navy and Department of War Innovation Unit's, DIU, Mine Countermeasure Modernization Prize Challenge. BlackSea Technologies, now part of AEVEX Maritime Systems, was one of three companies awarded challenge prizes following successful Navy demonstrations.
Major Averages Close Broadly Lower as Oil Surpasses $100
The major averages closed broadly lower, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BOpenAI introduced2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Federal officials are poised to declare an end to largest known cyclosporiasis outbreak, Washington Post reportsKinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters says4. MOVERS:Clover Healthgained after Deutsche Bankcoverage of the stock with a Buy ratingWealthfrontincreased after, with EPS missing consensusLincoln Electricdeclined after CFO Gabe Bruno said inflation willNavanfell afterand acquiring BoomPopAmerican Eaglewas lower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpreaffirmed itsand provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:The Dow fell 316.56, or 0.60%, to 52,064.10, the Nasdaq lost 171.62, or 0.65%, to 26,081.73, and the S&P 500 declined 44.66, or 0.58%, to 7,591.70.
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