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Bonkers NASA Mission Aims to Drop Six Helicopters Onto Mars From Space

Defense tech company AeroVironment and NASA's Jet Propulsion Laboratory have shown off a wild concept for deploying six helicopters above the surface of Mars to scout for water and possible human landing sites. The concept, dubbed "Skyfall," builds on NASA's extremely successful and revolutionary Ingenuity Mars helicopter, which became the first manmade object to achieve powered flight on another planet in 2021. It flew a whopping 72 times over three years, vastly exceeding expectations. AeroV

AeroVironment stock drops 11% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 11% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virgini

AeroVironment stock drops 8% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 8% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia

AeroVironment stock drops 7% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 7% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia

Drone maker AeroVironment shares pop 24% on earnings beat

An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022. AeroVironment stock rocketed more than 24% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines. Here's how the company did compared to analyst expectations: Earnings : $1.61 per share adjusted vs $1.39 per share expected : $1.61 per share adjusted vs $1.39 per share expec