On September 3, AeroVironment rose 5.1% in after-hours trading, trading at $152.51/share, with turnover of $10.84 million. The rally was driven by the announcement that the company has been awarded a $464.8 million contract by the US Army's Enduring-High Energy Laser program office.

Under the agreement, AeroVironment will deliver dozens of its LOCUST X3 laser weapon systems over the next several years to support the Army's air defense mission against group 1-3 unmanned aircraft systems. This contract follows another major win in July, when the company secured a three-year, $500 million indefinite-delivery, indefinite-quantity counter-drone contract for the Joint Interagency Task Force 401's Domestic Shield program. The back-to-back large-scale defense awards underscore AeroVironment's growing position in directed energy and counter-UAS markets. The company also recently secured a NASA contract for three Mars helicopters and announced a $100 million investment in a new California campus, signaling broad-based momentum. AeroVironment is scheduled to report fiscal Q1 results on September 9, with consensus EPS expectations of $0.32.

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