AeroVironment, Inc. (AVAV) Presents at JPMorgan Industrials Conference 2026 Transcript

SA Transcripts159.03K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call AeroVironment, Inc. (AVAV) JPMorgan Industrials Conference 2026 March 18, 2026 1:35 PM EDT Company Participants Wahid Nawabi - Chairman of the Board, President & CEOKevin McDonnell - Executive VP & Chief Financial Officer Conference Call Participants Seth Seifman - JPMorgan Chase & Co, Research Division Presentation Seth SeifmanJPMorgan Chase & Co, Research Division Here we go. Good afternoon, everyone. Welcome back to the aerospace defense track at the JPMorgan Industrials Conference. I'm Seth Seifman, aerospace and defense equity analyst here at JPMorgan. We are very grateful to have AeroVironment with us, AV. And we have both CEO, Wahid Nawabi; and we have CFO, Kevin McDonnell, here with us. Guys, thank you very much. We appreciate you being here, and there's a lot of stuff that's kind of very topical for us to talk about. So thanks for coming. Maybe we'll just do some Q&A here. And then I'll also open it up to the audience if anyone in the room has any questions. I guess we've had a lot to cover, but maybe starting off, it seemed recently that there was a little bit of slowness maybe in some of the funding that was was coming out, particularly from the reconciliation bill. And I'm wondering now that the government has been back open for a few months, now that we're a little further into the calendar year, have you started to see more of those resources flowing? And when you think about what was in the reconciliation bill, where are the main opportunities for AV? Wahid NawabiChairman of the Board, President & CEO Yes. So thank you for having us, Seth. Yes, there were some delays primarily due to the government shutdown and reconciliation bill and the CR that happened throughout the whole year. The budget just got approved a little while