AeroVironment Unveils Locust X3 Laser Defense System Amid Slumping Stock

AeroVironment (AVAV) introduced the Locust X3 laser defense system to counter unmanned aerial threats, but shares declined 2.3% during midday trading. The system offers 20kW to over 35kW of laser power and features multi-platform deployment capability, with operating costs significantly reduced compared to conventional interceptors. Despite robust 17.3% three-year revenue expansion, the company's profitability margins remain challenged.