Every material Form 8-K AeroVironment has filed with the SEC since October 01, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
AeroVironment signed a Sixth Amendment to its credit agreement on October 30, 2026, increasing aggregate revolving commitments by $100 million, from $350 million to $450 million, and adding BMO Bank N.A. as a new lender. The facility still matures on October 4, 2029, and remains secured by substantially all company and guarantor assets, so the change expands borrowing capacity without a stated new term loan or change in maturity.
Revolving commitments rise by $100 million, from $350 million to $450 million, under the Sixth Amendment dated October 30, 2026
Earlier Fifth Amendment dated October 9, 2026 raised the letter of credit sublimit from $25 million to $150 million
Revolving facility matures October 4, 2029; obligations remain secured by substantially all assets of the company and guarantors
AeroVironment reported first-quarter fiscal 2027 revenue of $480.5 million, up 6% from a year earlier, and a net loss of $5.1 million, or $0.10 per diluted share, versus a $67.4 million loss a year earlier. The company said it continues to expect full-year fiscal 2027 revenue of $2.125 billion to $2.225 billion and non-GAAP adjusted EBITDA of $305 million to $325 million.
Revenue $480.5 million vs. $454.7 million a year earlier; net loss $5.1 million vs. $67.4 million
Non-GAAP adjusted EBITDA $53.4 million vs. $56.6 million; non-GAAP EPS $0.59 vs. $0.32
Funded backlog $1.5 billion as of August 1, 2026, up 37% year over year; bookings $0.7 billion, book-to-bill 1.4
Full-year fiscal 2027 guidance unchanged: revenue $2.125 billion to $2.225 billion, EPS $0.21 to $0.53
AeroVironment expanded its board from nine to ten directors on August 5, 2026, appointing Michael Ruppert, ManTech's EVP and Chief Financial Officer, as a Class II director. Director Charles Thomas Burbage, on the board since 2013, will not stand for re-election and will retire when his term ends at the 2026 annual meeting, which is anticipated on September 24, 2026.
Board size increased from nine to ten directors on August 5, 2026; Michael Ruppert appointed effective immediately
Ruppert has served as EVP and Chief Financial Officer of ManTech since 2023 and has more than 25 years of aerospace and defense experience
Charles Thomas Burbage, a director since 2013, will retire at the 2026 annual meeting, anticipated September 24, 2026
Company entered into an indemnification agreement with Ruppert; Burbage says his decision was not due to any disagreement with the company
AeroVironment said director Stephen Page will not stand for re-election and will leave the board when his term ends at the start of the 2026 annual meeting, anticipated for September 24, 2026. The filing says his decision was not due to any disagreement with the company, its auditors or advisors. The filing contains no financial results or guidance.
Stephen Page, a director for 13 years, notified the board of his decision on July 23, 2026.
He will continue as a director and remain on the Audit and Nominating and Corporate Governance Committees until his term ends.
The annual meeting is anticipated to be held on September 24, 2026.
The filing states the decision was not due to any disagreement with the company, its auditors or advisors.
AeroVironment reported fiscal fourth-quarter 2026 revenue of $641.6 million, up 133% from $275.1 million, and net income of $63.2 million, or $1.25 per diluted share. For the full fiscal year, revenue rose 141% to $1,976.8 million, but the company posted a net loss of $265.1 million, or $5.40 per share, after a $240.7 million goodwill impairment. For fiscal 2027, the company expects revenue of $2.125 billion to $2.225 billion and net income of $8 million to $24 million.
Q4 fiscal 2026 revenue of $641.6 million; net income of $63.2 million, or $1.25 per diluted share, versus $16.7 million, or $0.59, a year earlier
Full-year fiscal 2026 net loss of $265.1 million, or $5.40 per diluted share, including a $240.7 million goodwill impairment
Fiscal 2027 guidance: revenue of $2.125 billion to $2.225 billion; net income of $8 million to $24 million; GAAP EPS of $0.16 to $0.48
Funded backlog of $1.2 billion as of April 30, 2026, versus $726.6 million a year earlier
AeroVironment appointed William J. Lynn III as a Class I director effective June 24, 2026, and reduced the board from ten to nine seats. The company said Lynn was chairman and CEO of Leonardo DRS from 2012 until 2026, and it entered into an indemnification agreement with him, similar to those with its other directors.
Lynn was appointed to the board on June 24, 2026, as a Class I director; his term expires at the 2026 Annual Meeting of Stockholders.
The board was reduced from ten directors to nine.
Lynn previously served as Chairman and CEO of Leonardo DRS, Inc. from 2012 until 2026 and as U.S. Deputy Secretary of Defense from 2009 to 2011.
The filing states Lynn's board compensation will match that of the company's other non-employee directors.
AeroVironment said its previously issued financial statements for the three and nine months ended January 31, 2026 require restatement after an error in the goodwill impairment analysis for its Space reporting unit. The restated figures show a larger net loss and loss from operations, and management found a newly identified material weakness in internal control over financial reporting. Separately, directors David Wodlinger and Henry Albers resigned from the Board effective June 17, 2026, leaving the Board with eight directors.
Net loss was understated by $87,272,000 for the three and nine months ended January 31, 2026; loss from operations was understated by $89,402,000.
Basic and diluted net loss per share was understated by $1.75 for the three months and $1.79 for the nine months ended January 31, 2026.
Management identified a material weakness in controls over the goodwill impairment analysis and concluded disclosure controls were ineffective as of January 31, 2026.
Directors David Wodlinger and Henry Albers resigned effective June 17, 2026; the Arlington Capital shareholder may designate two successors, and none had been designated as of the filing date.
AeroVironment said Sean Woodward, currently CFO of its Autonomous Systems segment, will become Executive Vice President and Chief Financial Officer effective May 1, 2026, succeeding Kevin McDonnell. McDonnell will remain CFO through April 30, 2026, then move to a non-officer role to help with the transition, and he previously announced plans to retire on July 31, 2026. A change in the top finance role is significant for shareholders because it sets who will oversee financial reporting and strategy going forward.
Sean Woodward, 44, has worked at AeroVironment since 2010 and has held finance roles including Senior Vice President of Finance from September 2024 to May 2025.
Woodward's compensation includes an annual base salary of $515,000 and a target bonus of 70% of base salary under the fiscal 2027 plan.
Woodward will receive $736,450 of performance restricted stock units tied to cumulative fiscal 2027-2029 financial metrics and $396,550 of restricted stock awards.
Kevin McDonnell remains CFO through April 30, 2026, and is expected to stay with the company in a non-officer role starting May 1, 2026.
AeroVironment appointed Robert Smith, formerly a Vice President at Raytheon, as Executive Vice President and Chief Operating Officer effective April 13, 2026. He will oversee the Autonomous Systems and Space, Cyber and Directed Energy business units and the company's global operations and manufacturing, with the stated aim of scaling manufacturing and strengthening the supply chain. The filing contains no financial results or guidance.
Robert Smith starts as EVP and COO on April 13, 2026, and reports to CEO Wahid Nawabi.
He succeeds Brad Truesdell, who stays in an advisory role through April 30, 2026, then moves to a consulting role from May 1, 2026 for up to about 26 months.
Smith's offer letter provides a $550,000 base salary, a $440,000 fiscal 2027 bonus target and a $350,000 sign-on bonus.
Smith will receive $350,000 of restricted stock plus fiscal 2027 long-term incentive awards of $715,000 in performance restricted stock units and $385,000 in restricted stock awards.
AeroVironment's Executive Vice President and Chief Operating Officer, Brad Truesdell, notified the company on March 12, 2026, that he intends to retire once a successor is appointed. He will remain in the role as principal operating officer until the successor is in place and duties are transferred, and the company is searching for a new principal operating officer. The filing does not report any financial results, so the change affects shareholders through leadership continuity in operations.
Brad Truesdell, EVP and Chief Operating Officer, notified the company of his retirement intention on March 12, 2026.
Retirement takes effect upon appointment of a successor; he continues as principal operating officer until then.
The company is currently searching for a new principal operating officer.
After leaving, Truesdell is expected to serve as a consultant to help with transition services.
AeroVironment reported fiscal third-quarter revenue of $408.0 million for the period ended January 31, 2026, up from $167.6 million a year earlier, but posted a net loss of $156.6 million, or $3.15 per diluted share, after a $151.3 million goodwill impairment tied to its Space unit. The company also disclosed that the U.S. Government intends to terminate for convenience its Other Transaction Agreement for BADGER antenna systems under the SCAR program, which shareholders should weigh against the revenue growth and the updated full-year outlook.
Q3 revenue was $408.0 million versus $167.6 million a year earlier; gross margin fell to 24% of revenue from 38%.
Net loss was $156.6 million, or $3.15 per diluted share, compared with a net loss of $1.8 million, or $0.06 per share, a year earlier; non-GAAP earnings per diluted share were $0.64 versus $0.30.
The U.S. Government informed the company it intends to proceed with terminating the BADGER agreement, but the company may compete for future SCAR work.
For fiscal 2026 the company now expects revenue of $1.85 billion to $1.95 billion and a net loss of $218 million to $201 million.
AeroVironment's Compensation Committee approved a Non-Qualified Deferred Compensation Plan for key employees, named executive officers and non-employee directors, effective March 1, 2026. The filing also says the committee approved two presidents, Trace Stevenson and Mary Clum, as participants in the existing Executive Severance Plan.
Plan approved February 27, 2026, effective March 1, 2026; employees may defer up to 75% of base salary and all or part of cash bonuses
The Company will not provide matching contributions; administrative costs are paid by the Company
Trace Stevenson (President, Autonomous Systems) and Mary Clum (President, Space, Cyber & Directed Energy) added as Executive Severance Plan participants
AeroVironment's Chief Financial Officer, Kevin McDonnell, will retire effective July 31, 2026, under a Retirement Agreement dated February 20, 2026. He remains CFO until a new CFO starts or his retirement date, whichever comes first, so shareholders will see a finance leadership transition during 2026.
McDonnell notified the company of his retirement decision on February 18, 2026; the retirement date is July 31, 2026.
He stays CFO until the earlier of a successor's start date or July 31, 2026. If a new CFO is hired before then, he remains an employee in a non-officer role to support the transition.
He will receive his fiscal 2026 Short Term Incentive Plan bonus at target, $455,420 less withholdings, plus after-tax COBRA premium costs for five months; his equity awards continue to vest through the retirement date.
AeroVironment executed a new lease on December 18, 2025, for about 130,733 square feet at 4387 West 2100 South in West Valley City, Utah, with landlord QOZ 201CC TWO, LLC. The lease runs 126 full calendar months from a commencement date tied to occupancy or substantial completion of improvements, and the filing does not state a total lease value. Shareholders get a disclosed long-term occupancy commitment, and the full lease will be filed with the Form 10-Q for the quarter ended January 31, 2026.
Lease executed December 18, 2025, for about 130,733 square feet at 4387 West 2100 South, West Valley City, Utah
Base monthly rent starts at $146,420.96 for months 1-12 and rises to $206,541.22 for months 121-126
Company also pays its proportionate share of building operating expenses, including property taxes
Two options to extend for five consecutive years each, at then-current market rent but not less than the last month's base rent
AeroVironment reported fiscal second quarter 2026 results for the period ended November 1, 2025, with revenue up 151% to $472.5 million, helped by the BlueHalo acquisition. The company swung to a GAAP net loss of $17.1 million, or $0.34 per diluted share, largely due to $48.2 million of intangible amortization and other purchase accounting expenses, and it issued fiscal 2026 full-year guidance that includes a net loss forecast of $38 million to $30 million.
Q2 revenue was $472.5 million, up from $188.5 million a year earlier; BlueHalo contributed $245.1 million.
Net loss was $17.1 million, or $0.34 per diluted share, versus net income of $7.5 million, or $0.27 per share, a year earlier.
Non-GAAP adjusted EBITDA was $45.0 million, up from $25.9 million, while non-GAAP EPS was $0.44 versus $0.47.
Fiscal 2026 guidance: revenue of $1.95 billion to $2.0 billion, adjusted EBITDA of $300 million to $320 million, and non-GAAP EPS of $3.40 to $3.55.
At its September 25, 2025 annual meeting, AeroVironment stockholders approved an amended and restated 2021 Equity Incentive Plan that adds 1,200,000 shares for issuance, along with re-electing four Class I directors and ratifying Deloitte & Touche LLP as auditor for the fiscal year ending April 30, 2026. The plan change matters to shareholders because it increases the pool of shares available for awards to employees, executive officers, consultants and directors. The other votes were routine annual-meeting matters.
Stockholders approved the Restated 2021 Equity Incentive Plan: 35,958,376 for, 424,318 against, 423,088 abstain, with 3,315,598 broker non-votes.
The plan adds 1,200,000 shares and caps shares issued on incentive stock options at 5,000,000.
Four Class I directors were elected to one-year terms ending at the 2026 annual meeting, including Edward Muller and David Wodlinger.
Stockholders ratified Deloitte & Touche LLP as independent auditor, with 40,040,332 votes for and 33,185 against.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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