Who AeroVironment buys from and sells to
Makes small drones, Switchblade loitering munitions and, since buying BlueHalo, counter-drone and space tech.
Part of Defence and Rearmament spending
Buys from 1
- Electronics and battery component makerssensors, motors and batteries for small drones
Sells to 3
- US Army and DoDSwitchblade, Puma and Raven drones
- UkraineSwitchblade and Puma, largely US-funded
- Allied governmentssmall drones under foreign military sales
Where the chain could break
- Most revenue is US government, so orders depend on Army drone and Ukraine aid budgets
- Small-drone parts often trace back to Chinese supply chains, now restricted for defence use
Competes with
- Andurilloitering munitions and counter-drone
- KratosKTOSdrones and defence electronics
- Red CatRCATsmall reconnaissance drones for the Army
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.