StockNews.AI
AVAV
StockNews.AI
187 days

AV Expands U.S. Manufacturing in Salt Lake City, Utah with FreedomWerx, a State-of-the-Art Facility Driving Innovation and Growth

1. AV establishes a new manufacturing facility, FreedomWerx, in Salt Lake City. 2. The facility aims to enhance production of precision-strike autonomous systems. 3. It will create over 500 high-paying jobs and boost local economic growth. 4. This strategic expansion ensures supply chain resilience and national security. 5. Production is expected to start in the second half of 2025.

31m saved
Insight
Article

FAQ

Why Bullish?

The expansion may lead to increased revenues. Similar expansions have boosted stock prices in the past.

How important is it?

The facility directly supports AVAV's product expansion and job creation initiatives.

Why Long Term?

The facility's impact will be realized over several years through sustained production.

Related Companies

AV Expands U.S. Manufacturing in Salt Lake City, Utah with FreedomWerx, a State-of-the-Art Facility Driving Innovation and Growth

New 200,000-square-foot facility will expand production of AV’s battle-proven Loitering Munitions Systems (Photo: AV)

ARLINGTON, Va.--()--AeroVironment (AV), the leader in autonomous and intelligent multi-domain systems, today announced the establishment of FreedomWerx, a state-of-the-art advanced manufacturing facility in Salt Lake City, Utah.

As part of AV’s distributed production strategy, FreedomWerx strengthens the company’s capacity to ensure uninterrupted delivery of precision-strike autonomous systems to government and defense partners. Unlike single-location, hyperscale facilities, AV’s distributed production model enhances national security by ensuring resilient manufacturing and sustained delivery of mission-critical autonomous systems...

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) is a global leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics and connectivity. Headquartered in Arlington, Virginia, AeroVironment delivers actionable intelligence so our customers can proceed with certainty. For more information, visit www.avinc.com.

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995...

Contacts

MEDIA CONTACT
Rene´ Bardorf
AeroVironment
+1.703.418.2828
pr@avinc.com

Related News