AeroVironment Beats Expectations, Bookings Record
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drone manufacturerThe Motley Fool
•Technology
Technology
AeroVironment tops expectations and closes out its fiscal year with record bookings

71% Informative
AeroVironment is a manufacturer of small-to-midsized military-grade unmanned aerial vehicles (UAVs) The company's products have demonstrated their value on the battlefield in Ukraine .
The company closed the year with $1.2 billion in total bookings, creating a solid pipeline of future revenue.
The stock trades at 63 times expected earnings, well above the 17 to 20 times range of more established defense contractors.
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