AeroVironment Inc — fact timeline

Michael Ruppert was appointed as Class II Director at AeroVironment Inc.

“On August 5, 2026, upon the recommendation of the Nominating and Corporate Governance Committee, the Board (i) increased the size of the board from nine (9) to ten (10) directors and (ii) appointed Michael Ruppert to the Board as a Class II director, effective immediately.”

Charles Thomas Burbage departed as Director at AeroVironment Inc.

“On August 3, 2026, Charles Thomas Burbage, a member of the AeroVironment, Inc. (the “Company”) Board of Directors (the “Board”), notified the Board of his decision to retire from the Board effective upon the expiration of his current term and not stand for re-election as a director of the Company.”

William J. Lynn, III was appointed as Director at AeroVironment Inc.

“the Board (i) appointed William J. Lynn, III to the Board as a Class I director, effective immediately”

AeroVironment Inc reported that prior financial statements should not be relied upon.

“require restatement and should no longer be relied upon until such financial statements are restated.”

Henry Albers resigned as Director at AeroVironment Inc.

“On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.”

David Wodlinger resigned as Director at AeroVironment Inc.

“On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.”

AeroVironment Inc reported fiscal year 2026 results: revenue $1.85 billion and $1.95 billion, net income $(218) million and $(201) million, EPS $(4.44) and $(4.10) per diluted share.

“For fiscal year 2026, the Company now expects revenue of between $1.85 billion and $1.95 billion, net loss of between $(218) million and $(201) million, non-GAAP adjusted EBITDA of between $265 million and $285 million, loss per diluted share of between $(4.44) and $(4.10) and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, other non-cash purchase accounting expenses, goodwill impairment, equity securities investments gains or losses, and equity method income or loss of between $2.75 and $3.10.”

AeroVironment Inc reported the fiscal third quarter ended January 31, 2026 results: revenue $408.0 million, net income $(156.6) million, EPS $(3.15) per diluted share.

“(“AeroVironment” or the “Company”) reported today financial results for the fiscal third quarter ended January 31, 2026. ​ Third Quarter Highlights: ​ ● Third quarter revenue of $408.0 million ● Bookings of $2.1 billion and book-to-bill ratio of 1.6 for the first nine months of the fiscal year ● Record funded backlog of $1.1 billion “While our third quarter results”

AeroVironment Inc entered into Lease with QOZ 201CC TWO, LLC (effective 2025-12-18).

“On December 18, 2025, AeroVironment, Inc. (the “Company”) executed a new lease (the “Lease”) with QOZ 201CC TWO, LLC (the “Landlord”)”

AeroVironment Inc: Amended and restated bylaws with 7 substantive amendments covering director nominations, meeting postponement, notice provisions, advance notice requirements, director special meetings, and severability (effective 2025-11-20).

“On November 20, 2025, the Board of Directors of AeroVironment, Inc. (the “Company”) amended and restated the Company’s bylaws (such amended and restated bylaws, the Sixth Amended and Restated Bylaws”), effective immediately.”

AeroVironment Inc incurred convertible notes of $747,500,000 with U.S. Bank Trust Company, National Association at 0% maturing July 15, 2030.

“On July 2, 2025, the Note Underwriters exercised such option to purchase an additional $97,500,000 aggregate principal amount of Notes. The issuance of $747,500,000 aggregate principal amount of Notes was completed on July 3, 2025.”

AeroVironment Inc incurred revolving credit of $225.0 million.

“drew $225.0 million from its revolving credit facility (the “Revolving Facility”)”

AeroVironment Inc incurred term loan of $700.0 million.

“On the Closing Date, the Company drew on a term loan with an initial principal amount of $700.0 million (the “Term Loan”)”

AeroVironment Inc completed an acquisition involving BlueHalo Financing Topco, LLC (closed 2025-05-01).

“On May 1, 2025 (the “Closing Date”), AeroVironment, Inc. (the “Company”) announced that it closed its acquisition (the “Acquisition”) of BlueHalo Financing Topco, LLC”

AeroVironment Inc amended revolving credit of $350,000,000 with Bank of America, N.A..

“increases the revolving commitment amount to an aggregate principal amount of $350,000,000”

AeroVironment Inc incurred revolving credit of $225,000,000 of its available Revolving Facility Commitment with Bank of America, N.A..

“the Company borrowed approximately $225,000,000 of its available Revolving Facility Commitment”

AeroVironment Inc incurred term loan of $700 million term A loan with Bank of America, N.A. at SOFR plus 1.50% - 2.50% plus 0.10% credit spread adjustment or Base Rate plus 0. maturing two years after the Closing Date.

“f the Company, as guarantors, the lenders party thereto and Bank of America, N.A., as administrative agent (the “ Agent ”), entered into a Fourth Amendment to Credit Agreement, Amendment to Security and Pledge Agreement, and Joinder Agreement (the “ Amendment ”).”

AeroVironment Inc completed an acquisition involving BlueHalo Financing TopCo, LLC for 17,425,849 shares of AeroVironment, Inc. common stock (closed 2025-05-01).

“any of their subsidiaries immediately prior to the Effective Time, which were canceled and extinguished without any conversion thereof) were converted into the right to receive 17,425,849 shares (the “ Transaction Consideration ”) of the Company’s common stock, par value $0.0001 per share (“ Company Common Stock ”). Pursuant to the Merger, the Company issued all of”

Henry Albers was appointed as Director at AeroVironment Inc.

“Mr. Wodlinger and Mr. Albers were appointed to the Board in connection with the closing of the Merger and in accordance with the terms of the Shareholder’s Agreement”

David Wodlinger was appointed as Director at AeroVironment Inc.

“Mr. Wodlinger and Mr. Albers were appointed to the Board in connection with the closing of the Merger and in accordance with the terms of the Shareholder’s Agreement”

Brad Truesdell changed role as Chief Operating Officer at AeroVironment Inc.

“Brad Truesdell, 49, Senior Vice President of Business Development and Inside Sales Operations since June 2024 and Vice President and General Manager, Small Unmanned Systems from September 2023 through June 2024, was promoted to Chief Operating Officer and principal operating officer of the Company.”

AeroVironment Inc: Amended bylaws to allow director removal with or without cause upon majority vote after board declassification (effective 2024-10-01).

“The substantive amendments to the bylaws provide that, following declassification of the Board of Directors, stockholders may remove a director with or without cause upon the affirmative vote of not less than a majority of the total voting power of all outstanding securities of the Company then entitled to vote, in addition to any other vote required by law.”

AeroVironment Inc: Amended certificate to declassify board for annual director elections and eliminate officer liability for monetary damages (effective 2024-10-01).

“the stockholders of the Company approved amendments to the Company’s Amended and Restated Certificate of Incorporation (the “Restated Certificate”) to (1) provide for the phased-in declassification of the Board of Directors and the annual election of directors and (2) eliminate the personal liability of officers for monetary damages for breach of fiduciary duties as an officer.”

AeroVironment Inc reported financial results for third quarter fiscal 2024.

“Attached as Exhibit 99.3 hereto is a transcript of the conference call held on March 4, 2024 regarding the Company’s third quarter fiscal 2024 financial results for the period ended January 27, 2024.”

AeroVironment Inc reported fiscal year 2024 results: revenue $700 million and $710 million, net income $51 million and $55 million, EPS $1.86 and $2.00. Guidance raised.

“For fiscal year 2024, the Company now expects revenue of between $700 million and $710 million, net income of between $51 million and $55 million, Non-GAAP adjusted EBITDA of between $122 million and $127 million, earnings per diluted share of between $1.86 and $2.00”

AeroVironment Inc reported fiscal third quarter ended January 27, 2024 results: revenue $186.6 million, net income $13.9 million, EPS $0.50 per diluted share.

“Revenue for the third quarter of fiscal 2024 was $186.6 million, an increase of 39% as compared to $134.4 million for the third quarter of fiscal 2023”

AeroVironment Inc shareholders approved Frequency of Future Advisory Votes on Executive Compensation at the 2023-09-29 meeting.

“a majority of the shares represented at the Annual Meeting voted for holding future advisory votes on executive compensation, or say-on-pay votes, on an annual basis”

AeroVironment Inc reported fiscal second quarter ended October 28, 2023 results: revenue $180.8 million, net income $17.8 million, EPS $0.66 per diluted share. Guidance raised.

“or the “Company”) reported today financial results for the fiscal second quarter ended October 28, 2023. ​ Second Quarter Highlights: ​ ● Second quarter revenue of $180.8 million, up 62% year-over-year ● Second quarter net income of $17.8 million and Adjusted EBITDA of $39.5 million, increases of 366% and 481%, year-over-year, respectively ● Funded”

Joseph L. Votel was appointed as Director at AeroVironment Inc.

“the Board (i) approved a board size increase from seven (7) to eight (8) directors, adding a third director position to the Class III directors, and (ii) appointed Joseph L. Votel to the Board as a Class III director, effective immediately.”

AeroVironment Inc amended First Amendment to Lease with BCORE DEFENDER CA1W03, LLC valued at extended term through May 31, 2029; monthly base rent ranging from $0 to $140,634.49 (effective 2023-09-10).

“On October 10, 2023, AeroVironment, Inc. ("AeroVironment") entered into a First Amendment to Lease (the “First Amendment”) with an effective date of September 10, 2023, to amend its existing lease (the “Lease”) with BCORE DEFENDER CA1W03, LLC (the “Landlord”) for certain premises located at 85 Moreland Road, Simi Valley, CA 93065 (“Premises”).”

AeroVironment Inc shareholders approved Stockholder proposal to declassify the Board of Directors at the 2023-09-29 meeting.

“Proposal 6 — Stockholder Proposal to Declassify Board of Directors The stockholders approved, by an advisory vote, a stockholder proposal to declassify the Board of Directors by a majority vote by the following vote: Number of Shares For Against Abstain Broker Non-Votes 17,948,385 2,415,444 41,843 2,419,105”

AeroVironment Inc shareholders approved Approval of the AeroVironment, Inc. 2023 Employee Stock Purchase Plan at the 2023-09-29 meeting.

“Proposal 5 — Approval of the AeroVironment, Inc. 2023 Employee Stock Purchase Plan The Company’s stockholders approved the adoption and effectiveness of the 2023 ESPP by the following vote: Number of Shares For Against Abstain Broker Non-Votes 20,315,320 70,930 19,422 2,419,105”

AeroVironment Inc shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-09-29 meeting.

“Proposal 4 — Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers The Company’s stockholders approved, by an advisory vote, a frequency of “1 year” for future advisory votes on the compensation of the Company’s named executive officers, by the following vote: Every 1 Year Every 2 Years Every 3 Years Abstain Broker Non-Votes 19,626,372 26,548 728,596 24,156 2,419,105”

AeroVironment Inc shareholders approved Advisory vote on the compensation of named executive officers at the 2023-09-29 meeting.

“Proposal 3 — Advisory Vote on the Compensation of the Company’s Named Executive Officers The Company’s stockholders approved, by an advisory vote, the compensation of the Company’s named executive officers, as disclosed in the proxy statement, by the following vote: Number of Shares For Against Abstain Broker Non-Votes 20,211,327 160,493 33,852 2,419,105”

AeroVironment Inc shareholders approved Ratification of Deloitte & Touche LLP as independent auditors at the 2023-09-29 meeting.

“Proposal 2 — Ratification of Company’s Independent Auditors The Audit Committee selected Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024. The Company’s stockholders ratified the selection of Deloitte & Touche LLP as follows: Number of Shares For Against Abstain 22,781,258 20,909 22,610”

AeroVironment Inc shareholders approved Election of Class II directors at the 2023-09-29 meeting.

“Proposal 1 — Election of Directors The Company’s stockholders elected the three persons nominated by the Board of Directors as Class II directors for a three-year term as follows: Number of Shares Name of Director For Against Abstain Broker Non-Votes Philip S. Davidson 20,014,788 373,790 17,094 2,419,105 Mary Beth Long 20,034,319 354,095 17,258 2,419,105 Stephen F. Page 17,940,261 1,658,524 806,887 2,419,105”

AeroVironment Inc completed an acquisition involving Tomahawk Robotics, Inc. for approximately $23.5 million in cash (closed 2023-09-15).

“at the Effective Time: · each outstanding share of capital stock of Tomahawk was converted into the right to receive a pro rata percentage of an aggregate of approximately $23.5 million in cash (subject to adjustment following the closing of the Merger (the “Closing”) for Tomahawk’s net working capital at the Closing and for certain indemnification obligations)”

AeroVironment Inc reported the fiscal first quarter ended July 29, 2023 results: revenue $152.3 million, net income $21.9 million, EPS $0.84 per diluted share. Guidance raised.

“(“AeroVironment” or the “Company”) reported today financial results for the fiscal first quarter ended July 29, 2023. ​ First Quarter Highlights: ​ ● First quarter revenue of $152.3 million, up 40% year-over-year ● First quarter net income of $21.9 million and Adjusted EBITDA of $37 million, an increase of 361% and 185%, respectively ● Record funded backlog of”

AeroVironment Inc entered into Agreement and Plan of Merger with Tomahawk Robotics, Inc. valued at approximately $120 million (effective 2023-08-18).

“On August 18, 2023, AeroVironment, Inc., a Delaware corporation (the “Company”), and Tropic Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Tomahawk Robotics, Inc., a Delaware corporation (“Tomahawk")”

Catharine Merigold departed as Director at AeroVironment Inc.

“Catharine Merigold, a member of the AeroVironment, Inc. (the “Company”) Board of Directors (the “Board”), notified the Board that she would not stand for re-election as a director of the Company.”

AeroVironment Inc reported fiscal fourth quarter and full year ended April 30, 2023 results: revenue $186.0 million, net income $(160.5) million, or $(6.31) per diluted share, EPS $(6.31) per diluted share. Guidance reaffirmed.

“fourth quarter and full year ended April 30, 2023. ​ Fourth Quarter and Fiscal Year Highlights ​ ● Record full fiscal year and fourth quarter revenue of $540.5 million and $186.0 million, up 21% and 40% over prior period, respectively ● Record funded backlog of $424.1 million as of April 30, 2023 ● Company on track for nearly 20% top line growth in fiscal year”

AeroVironment Inc reported the fiscal third quarter ended January 28, 2023 results: revenue $134.4 million, net income $(0.7) million, EPS $(0.03) per diluted share. Guidance raised.

“multi-domain robotic systems, today reported financial results for the fiscal third quarter ended January 28, 2023. ​ Third Quarter Highlights ​ ● Third quarter revenue of $134.4 million, up 49% year-over-year ● Third quarter gross margin of $45.5 million, an increase of 112% year-over-year; gross margin percentage of 34% rose approximately 1,000 basis points ●”

AeroVironment Inc reported fiscal year 2023 results: revenue between $505 million and $525 million, net income between $8 million and $17 million, EPS between $0.33 and $0.65. Guidance raised.

“For the fiscal year 2023, the Company now expects revenue of between $505 million and $525 million, net income of between $8 million and $17 million, Non-GAAP adjusted EBITDA of between $84 million and $92 million, earnings per diluted share of between $0.33 and $0.65 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets and other non-cash purchase accounting expenses, of between $1.26 and $1.58.”

AeroVironment Inc reported the fiscal second quarter ended October 29, 2022 results: revenue $111.6 million, net income $6.7 million, EPS $(0.27) per diluted share.

“Revenue for the second quarter of fiscal 2023 was $111.6 million, a decrease of 9% from the second quarter of fiscal 2022 revenue of $122.0 million.”

AeroVironment Inc amended Second Amendment to Lease with Princeton Avenue Holdings, LLC and Princeton Avenue Holdings II, LLC valued at Base monthly rent starts at $125,150.74 for first 12 months, then $128,073.76 for months 13-24, then (effective 2022-11-02).

“On November 3, 2022, AeroVironment, Inc. (“AeroVironment”) entered into a Second Amendment to Lease (the “Second Amendment”) with an effective date of November 2, 2022, to amend its existing lease (the “Lease”) with Princeton Avenue Holdings, LLC (the “Original Landlord”) to now include Princeton Avenue Holdings II, LLC (“Princeton II, collectively with the Original Landlord, as tenants in common, “Landlord”) for certain premises located at 14501 Princeton Avenue, Moorpark, CA 93021.”

Charles R. Holland departed as Director at AeroVironment Inc.

“On July 25, 2022, Charles R. Holland, a member of the AeroVironment, Inc. (the “Company”) Board of Directors (the “Board”), notified the Board that he would not stand for re-election as a director of the Company.”

Alison Roelke departed as Vice President and Chief People Officer at AeroVironment Inc.

“On April 25, 2022, Alison Roelke notified AeroVironment, Inc. (the “Company”) that she is resigning as the Company’s Vice President and Chief People Officer effective May 12, 2022 to pursue new opportunities.”

Ken Karklin departed as Senior Vice President and Chief Operating Officer at AeroVironment Inc.

“On February 14, 2022, AeroVironment, Inc. (the “Company”) and Ken Karklin, its Senior Vice President and Chief Operating Officer, agreed that Mr. Karklin would step down from his role as the Company’s Senior Vice President and Chief Operating Officer, effective immediately.”

Brian Shackley was appointed as Chief Accounting Officer at AeroVironment Inc.

“On September 24, 2021, the Company also appointed Brian Shackley, the Company’s current Vice President and Corporate Controller, as the Company’s Chief Accounting Officer effective immediately.”

Wahid Nawabi departed as Class II director at AeroVironment Inc.

“On August 9, 2021, Wahid Nawabi, the Company’s President and Chief Executive Officer and a member of the Board, notified the Board that, contingent upon his nomination to stand for election as a Class III director at the Annual Meeting, he would resign as a Class II director effective as of the start of the Annual Meeting”