AeroVironment, Inc. Overview
Company Headquarters: California, U.S.
Founded: 1971
Workforce: 500 to 700
Company Working: AeroVironment, Inc. (AeroVironment) is engaged in the design and development of products and services for government agencies, businesses, and consumers. Its product portfolio covers unmanned aircraft systems and related services, tactical missile systems, charging systems for electrical vehicles, and power cycling and test systems to commercial, consumer, and government customers. Its UAV business segment addresses the network-centric intelligence, ISR, remote sensing, and other applications. The company sells majority of its UAS and tactical missile systems and services to organizations within the Department of Defense, including the U.S. Army, Marine Corps, Special Operations Command, Air Force and Navy. The company’s internal research & development, and customer‑funded research & development amounted to 12% and 16% of its revenue, respectively, in 2017. The company has U.S. registered trademarks for AV, Switchblade, Raven, Wasp, Snipe, TurboCord, and others.
Strategy
AeroVironment intends to create new solutions which would enable it to grow its business, preserve its leadership position in the current market, and establish its leadership in new regions. It also focuses on the development and commercialization of innovative solutions, which could help create a competitive edge over other market players. Furthermore, it tries to work closely with its key customers to offer seamless solutions. The company’s strategy is to provide reliable new solutions that will enable it to create new market segments, gain market share, and grow as the market increases.



