AeroVironment is the largest U.S. producer of military drones, with a profitable, scaled business, tens of thousands of deployed systems, a wide portfolio from non-lethal to lethal and counter-drone solutions, and is perfectly positioned for the multi-billion-dollar paradigm shift to drone warfare. Demand is growing from U.S. and 55+ allied nations, and the company does not depend on government seed funding, already delivering full-rate production and recently receiving awards like the Freedom Eagle kinetic counter-drone missile.