Big things come in small packages at AeroVironment
Despite the healthy advances, AeroVironment is sticking to its guidance, calling for the company's top line to advance 20% to 25% this year.
It's ultimately a wonderful showing, and the order backlog of $61.7 million is encouraging. Too bad, bearish journalists: You'll just have to shelve those "Quoth the Raven: Nevermore!" headlines for a rainier day.
Let's talk about the company's Raven B. It's a lot smaller than you may think. Weighing in at just 4.2 pounds, the hand-launched aircraft is able to assist the military in reconnaissance, target acquisition, and damage assessment missions.
And if you think the Raven is small, you should check out the Wasp. At a quarter of the Raven's size, it may very well look like a toy as a soldier removes it from a backpack for deployment.
However, small robotics have been at the heart of the latest U.S. military contracts. Even iRobot
Companies like AeroVironment and iRobot may not be household names. When you think "military contractor," names like Lockheed Martin
AeroVironment may never have the consumer panache that iRobot has landed with its Roomba robotic vacuum cleaners, though I'm sure that remote-control junkies would love to play around with some of the lightweight flyers in AeroVironment's rough sack. Then again, who am I kidding? With financials like these, you don't have time to toy around.
Other stories that required a little manned reading:
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Longtime Fool contributor Rick Munarriz is a fan of iRobot, but he does not own shares in any of the companies mentioned in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.