AeroVironment Inc. is on track to meet fiscal 2021 projections on its finances, company executives said in a conference call with analysts.
On the Sept. 9 call to discuss fiscal 2021 first quarter earning, Chief Executive Wahid Nawabi said the Simi Valley unmanned aircraft manufacturer had included assumptions about the coronavirus pandemic into its annual plan. That explains why the second half of the year is back-ended to bring in about 60 percent of its revenue.
“While this is a very fluid and unprecedented situation, we are prepared for the likelihood that the COVID-19 pandemic will persist into next calendar year and are well positioned to mitigate its impact on our business,” Nawabi said.
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