AeroVironment Says Government Funding Delays, Shutdown Postponed Some Orders-- Market Talk

Dow Jones
03/11

1917 ET [Dow Jones]--AeroVironment says a delay in government funding pushed out several orders it had expected in its latest quarter, contributing to worse-than-expected results. "Given industry-wide delays in government funding along with the shutdown, several orders we anticipated to receive in the third quarter have shifted to the right by a quarter or two," Chief Executive Wahid Nawabi says during a call with analysts. The company now expects delayed orders for its autonomous systems segment will be booked in the current quarter and in the first quarter of fiscal 2027, he says. That segment still experienced significant growth in the recent quarter despite the delayed orders. (kelly.cloonan@wsj.com)

 

(END) Dow Jones Newswires

March 10, 2026 19:20 ET (23:20 GMT)

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