AeroVironment appoints Dr. Robert Smith as COO, effective April 13, 2026

AeroVironment Inc

Smith succeeds Brad Truesdell, who retires after April 30 and will consult at $200/hr for up to 26 months.
Smith receives $550k base salary, $440k bonus target, $350k sign-on bonus, and $350k RSUs vesting over 3 years.
Eligible for FY2027 LTIP: $715k PSUs (3-year performance) and $385k RSUs (3-year vesting).
Smith previously VP at Raytheon overseeing multi-billion-dollar radar/EW business; will oversee AxS and SCDE units.
Truesdell's outstanding RSUs continue vesting; PRSUs forfeited except FY2024-2026 performance period.

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