AeroVironment, Inc. (AVAV) Gains Bullish Coverage as Defense and Space Exposure Expands

We recently compiled a list of the 7 Most Promising Robotics Stocks According to Wall Street Analysts. AeroVironment, Inc. is placed second among the most promising robotic stocks. 

On December 19, 2025, KeyBanc initiated coverage of AVAV with an Overweight rating and a $285 price target, highlighting the company’s strong exposure to defense technology and the growing space economy. Analyst Michael Leshock emphasized the business’s differentiated product portfolio, including drones and counter‑UAS systems, as well as the strategic BlueHalo acquisition, which expands the company’s capabilities in space-based platforms and directed energy systems.

KeyBanc’s bullish stance on AeroVironment, Inc. (NASDAQ:AVAV) is supported by recent operational wins, including the delivery of JLTV-mounted LOCUST Laser Weapon Systems to the U.S. Army, a $4.8 million Coast Guard ROV contract, and demonstrations of integrated Electronic Warfare capabilities at the Navy’s “Silent Swarm 25” exercise. These contracts validate AVAV’s defense tech growth thesis, demonstrating both cross-platform utility and potential long-term revenue expansion.

AeroVironment, Inc. (NASDAQ:AVAV) is a U.S.-based defense technology company headquartered in Arlington, Virginia, that designs, manufactures, and supports autonomous robotic systems and related technologies. Founded in 1971, AVAV is a global leader in intelligent multi‑domain robotic systems, including unmanned aerial vehicles (UAVs/drones), unmanned ground vehicles (UGVs), loitering munitions, and autonomous mission systems used by the U.S. Department of Defense, allied governments, and commercial customers.

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Disclosure: None.