It's a bird! It's a plane! It's a Puma unmanned aircraft system!
Shares of AeroVironment
This is a healthy score for the maker of UASes and electric-vehicle charging stations. UASes represent more than 85% of the company's total revenue, and this order alone is more than a quarter of last year's UAS segment revenue of $249.8 million. Last year's total revenue amounted to $292.5 million, so this is AeroVironment's bread and butter It's no surprise that management is bullish going forward.
As for the competition, Boeing
The company, meanwhile, has also been making headway in its efficient energy systems segment, growing 68% last year to record highs. This division should reap the benefits from the need to build an infrastructure to support the oncoming masses of electric cars.
I like what I see in AeroVironment. The company's two key segments, unmanned aircraft and electric charging stations, both have strong growth prospects. This stock definitely deserves a spot on your Watchlist, if not your portfolio.
- Add AeroVironment to My Watchlist.
- Add Northrop Grumman to My Watchlist.
- Add Lockheed Martin to My Watchlist.
- Add Boeing to My Watchlist.