Drones Stock AeroVironment Is Now a Space Stock, Too

Key Points New AeroVironment acquisition Blue Halo just landed a $100 million Pentagon contract. Blue Halo has been incorporated into a new AV Space, Cyber, and Directed Energy division. SCDE is not yet profitable. 10 stocks we like better than AeroVironment › Established in 1971, AeroVironment (NASDAQ: AVAV) has evolved over the past six decades, first from a maker of experimental solar-powered aircraft, then to a specialist in small, innovative surveillance drones, and then to a major source of weaponized drones -- specifically, Switchblade loitering munitions -- for the military. And the bigger AeroVironment gets, the more new areas of the aerospace industry it's affecting.