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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:14 EDTAVAVAeroVironment corrects Q1 year-to-date bookings to $65M from $75M
The company said management inadvertently misstated the company's year-to-date bookings and FY15 estimates. The correct fiscal 2015 revenue estimates are as follows: Fourth quarter ending backlog that is executable in fiscal 2015 of $63 million, various orders booked to date in the first quarter of fiscal 2015 of $65M, incremental revenue to hold EES revenue flat year-over-year of $28M, and finally, the balance of government fiscal 2014 U.S. Department of Defense appropriated procurement spending not yet booked of $7M. This adds up to $163 million, or 63% and not 67% as stated in the conference call of the mid-point of our fiscal 2015 revenue guidance range.
News For AVAV From The Last 14 Days
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October 8, 2014
09:10 EDTAVAVAeroVironment awarded Phase II Tern contract by DARPA valued at $19M
AeroVironment announced the Defense Advanced Research Projects Agency has selected the company and its team of industry leaders to follow its successful phase I concept design effort with a phase II preliminary design for the Tactically Exploited Reconnaissance Node, or Tern. The 12-month, $19.04M phase II effort seeks to conclude with subscale flight demonstrations prior to a planned phase III award decision.

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