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Why AeroVironment Stock Is Gaining Altitude Today

Lou Whiteman, The Motley Fool
·2-min read
Why AeroVironment Stock Is Gaining Altitude Today

After the closing bell Monday, AeroVironment (NASDAQ: AVAV) reported fiscal 2023 third-quarter earnings that came in below expectations, and management lowered its full-year view. AeroVironment is a maker of small to mid-sized unmanned aerial vehicles (UAVs) that have been a key piece of the assistance the United States has provided in support of the Ukrainian war effort. The war has demonstrated the effectiveness of AeroVironment's drones on the battlefield and raised the profile of the small defense stock.

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