AeroVironment stock: $2B revenue, $2.7B backlog — is the defense trade on?
AeroVironment’s fiscal 2026 numbers beat across the board: $2B revenue, 133% Q4 growth, $286M EBITDA, and a $2.7B contracted backlog. CEO Nawabi cited a permanent shift in defense spending, but the BlueHalo acquisition brings elevated debt that investors are watching.