AeroVironment to Establish Industrial Presence in Greece Through AV Eagle
AeroVironment is establishing an industrial presence in Greece through AV Eagle, a majority-owned joint venture with Eyeonix SA, following the completion of a shareholders agreement and FDI approval. The JV will focus on manufacturing unmanned systems and counter-UAS technologies, with operations expected to launch in fiscal year 2027 and production capabilities coming online by 2028.
Key figures
- Guidance
- initial capital investment in the joint venture was included in the company’s previously provided financial guidance
- Production target
- 2028
- Operational target
- fiscal year 2027
AI analysis
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