AeroVironment delivered record Q1 results with $480 million in revenue and a $1.5 billion backlog, supported by major defense contract wins in counter-UAS and precision strike technologies.
AeroVironment delivered a strong fiscal Q1 2027 performance, highlighted by record revenue of $480 million and a record-setting funded backlog of $1.5 billion, representing a 37% year-over-year increase. The company's momentum is bolstered by significant contract wins across its Autonomous Systems and Space, Cyber, and Directed Energy segments, including landmark awards for its LOCUST laser weapon system and Titan RF jammer, leading management to reaffirm its full-year revenue guidance of $2.125 billion to $2.225 billion.
It is the first-ever production contract for directed energy systems in U.S. military history, positioning AV as a leader in cost-effective, high-volume drone defense.
The company is actively expanding manufacturing capacity across several platforms, including the Huntsville, Alabama facility, to support accelerated production schedules for programs like the FE-1 kinetic interceptor.
AeroVironment posted record first-quarter fiscal 2027 revenue of $480 million, fueled by significant contract wins and a record-setting $1.5 billion funded backlog. The company reaffirmed its full-year guidance, citing strong demand for its autonomous systems and directed energy platforms, including the landmark LOCUST laser weapon system.
The record $1.5 billion backlog was driven by strong order flow, sole-source contract wins across both business segments, and significant demand for counter-UAS and precision strike platforms.