For investors that want to buy stock in a company helping the fight in Ukraine, AeroVironment (NASDAQ:AVAV) is a great pick. AeroVironment produces the Switchblade system.
Switchblade is an advanced direct-fire loitering missile system. Switchblade can operate as a drone that can be sacrificed, rather than risking a human combatant. AeroVironment has a long history of developing unmanned aircraft systems (AUS) and tactical missile systems.
While AeroVironment has an extensive track record in the industry, the conflict in Ukraine has highlighted the value of these systems like never before. Last fall, AeroVironment announced that it is ramping up production to be able to send more drones to Ukraine. This includes replenishing the existing inventory of these systems while also producing a higher-capacity version of the unit.
AeroVironment also continues to gain momentum in other areas, with a new contract signed with the Marines for its Puma 3 battlefield drones.
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