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AeroVironment introduced the Locust X3, a directed-energy laser platform to counter unmanned aerial threats. Despite unveiling the technology, shares declined 2.3%. The platform offers 20kW to over 35kW of laser power, multi-platform deployment, and reduced operating costs. AeroVironment reported a 17.3% three-year revenue expansion but struggled with profitability margins. The company's shares traded at a price-to-book multiple of 2.3, and analysts maintained a consensus price target of $315.62.