This comes as AeroVironment expands into maritime drone applications, diversifying revenue streams beyond land-based systems. Why AeroVironment Stock Keeps Going Up was originally published by The Motley Fool LONDON, ENGLAND - SEPTEMBER 26: The British Army display a AeroVironment Wasp Small Unmanned Aircraft System (SUAS) surveillance drone during the Dronex Epo at ExCel on September 26, 2023 in London, England. The show combined with the Advanced Air Mobility Expo and Helitech Expo bring together the key innovators, pioneers, suppliers and buyers within the UAV sector from across four key sectors including; commercial, military & defense, emergency services and future of flight. (Photo by John Keeble/Getty Images) Weekly performance of AVAV stock price stands at +2.4%, driven by optimism in defense spending. Economic data points to sustained military budgets, a fundamental tailwind for AeroVironment’s stock through the remainder of the year.
