AVAV stock slips after a $51 million Army order

AVAV stock fell 3.52% to $146.92 as a $51 million U.S. Army Switchblade order, June 29 earnings of $1.84 a share and revenue of $641.62 million keep the defense story active.

AeroVironment, Inc. (US05351X1019) stock traded at $146.92 on August 28, 2026, down 3.52%, while the company also logged a $51 million U.S. Army delivery order for Switchblade 600 Block 2 systems on August 26, 2026.

The latest quarter added a stronger operating backdrop: fiscal first-quarter results on June 29, 2026 came in at $1.84 in earnings per share on $641.62 million in revenue, both above the figures cited in the same report by market data trackers.

Army order adds backlog

The August 26 award matters because it sits inside an existing five-year, $990 million IDIQ framework for lethal unmanned systems, which gives the new order a larger contract context than a one-off shipment. The deal also included Switchblade 600 Block 1 systems tied to a foreign military sale, and the release said the order followed earlier Switchblade 600 procurement.

That lines up with the companys latest reported scale: quarterly revenue of $641.62 million was 133.3% higher year over year, and earnings of $1.84 a share beat the cited estimate of $1.47 by $0.37. For investors, the comparison matters more than the headline order size alone.

What the numbers say

The shares opened at $152.28 and touched an intraday low of $146.30 on August 28, 2026, while the 50-day moving average stood at $160.19 and the 200-day average at $186.89. The stock also carried a $7.47 billion market cap, a 52-week range of $135.20 to $417.86 and volume of 866,909 shares at the time of the market snapshot.

Analyst sentiment stayed constructive in the same market snapshot, with a consensus rating of Moderate Buy, a consensus target of $266.68 and current-year EPS estimates of $3.26, while FY 2027 guidance was shown at $3.020 to $3.340. That puts the stock well below both trend lines and consensus valuation expectations.

Switchblade focus

Switchblade remains the clearest product link in the current tape. The line of loitering munitions is the business area that the August 26 Army order directly supported, and it is also the product family most closely tied to AeroVironment's defense growth narrative.

Close and trading level

AVAV closed the latest cited session at $146.92 on August 28, 2026, with the market snapshot placing the stock below its 50-day and 200-day averages. The setup leaves the August 26 Army order and the June 29 quarter as the two most visible data points for the next trading sessions.

Fact box

Company: AeroVironment, Inc.
ISIN: US05351X1019
Ticker: AVAV
Exchange: NASDAQ
Market cap: $7.47 billion
Sector / Industry: Industrials / Aerospace & Defense
Index membership: Nasdaq-100