AeroVironment, Inc. outlined its growth strategy and introduced fiscal year 2030 financial targets at its 2026 Investor Day. The company expects to achieve $3.5 - $4.0 billion in revenue, representing a 15% - 20% organic CAGR driven by market expansion and leadership. Wahid Nawabi, Chairman, President and Chief Executive Officer, stated the company is driving forward as a stronger entity and will leverage its proven business model to commercialize new technologies.

Fiscal Year 2030 Targets

AeroVironment provided specific financial goals for the end of the decade. The leadership team emphasized operational excellence and sustainable profitability as key drivers for these targets.

The company plans to invest 7% - 9% in R&D to accelerate innovation and maintain a competitive edge. Adjusted EBITDA margins are projected to reach 18% - 20%, supported by operational efficiencies. Nawabi noted that the targets underscore confidence in creating long-term value for shareholders, building on momentum from strategic initiatives delivered over the past two years.

AeroVironment, Inc. has secured a $30.9 million contract to provide its next-generation Puma family of unmanned aircraft systems (UAS) to the German Bundeswehr. The order, placed through the NATO Support and Procurement Agency (NSPA) under the UAS Partnership, supports the Luftgestützte Aufklärung mit Unbemannten Systemen (LARUS) airborne reconnaissance program. This procurement marks one of the most significant European acquisitions of Puma systems to date, delivering a comprehensive portfolio of Puma AE (All Environment) and Puma LE (Long Endurance) capabilities in a single, integrated package.

Contract Scope and Deliverables

Under the NSPA purchase order, AeroVironment will deliver a full suite of advanced payloads, ground control technologies, communications, and autonomy kits to support Germany’s small tactical UAS requirements for LARUS. The contract includes new equipment training and specialized payload training, with deliveries required no later than late 2026. The award incorporates nearly every major enhancement developed for the Puma family, positioning Germany to field a fully modernized, multi-mission reconnaissance solution.

Key Capabilities Included

The portfolio delivered under this award encompasses a wide range of advanced technologies designed to enhance operational flexibility and lethality. The following table outlines the primary systems included in the contract:

Strategic Significance

The LARUS program is managed by the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw). While Germany has previously fielded Puma AE systems, this effort significantly expands capacity by layering in the latest payloads, communications, and autonomy enhancements. Wahid Nawabi, Chairman, President and Chief Executive Officer at AeroVironment, stated that the award represents a decisive step into the fully modernized Puma family, allowing the Bundeswehr to move to a highly-integrated, all-domain reconnaissance solution.

Trace Stevenson, President of Autonomous Systems at AeroVironment, noted that this is the first time a customer has acquired the entire Puma capability stack in a single program. The contract underscores AeroVironment's expanding presence in Europe, supporting multiple allied nations with interoperable, NATO-compliant small UAS solutions. Chris Black, Senior Director of Business Development for AV Europe, highlighted that the collaboration strengthens allied interoperability and resilience across NATO’s eastern and central theaters.