AeroVironment Expecting Major Growth in EV Markets

AeroVironment, Inc.

is the leading provider of small unmanned aerial systems, according to Morgan Keegan, having won all U.S. military programs of record. The company also provides electric vehicle charging systems and is working to develop high altitude, long endurance unmanned aerial systems, Morgan Keegan reports. 90% of FY 2010 revenue is from DoD, and a flattening of revenue is predicted, and rapid growth is expected from the electric vehicle charging sector. AeroVironment, Inc. closed yesterday at $22.87.