Aerovironment had a good quarter and is predicting a really good second half as orders due this quarter slipped in next. In addition through their recent investment in Swedish company Cybaearo they will now have access to what is called Tier 2 space. Apparently the US government classes UAV's according to scale and range, and its a 4 tier system with the huge Lockheed drones in tier 4 almost as large as a normal plane. AVAV dominates Tier 1 already selling over 80% of that Tier. The new investment allows AVAV to access research and funding and sales in a new class of vehicle in Tier 2.
On the charging side AVAV is the world market leader in charging systems for vehicles of all kinds and continues to dominate world sales of equipment. The results and discussion confirm to me that this is a great company in a unique and growth oriented segment of the global market.
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