Dear Community,
Our ever-popular @Tenbagger2024 is and will remain here at $AVAV (+0,67%) invested.😉
Could this idea possibly have a negative impact on $PNG (+1,49%) have a negative impact?
We shall see. Here is the latest news.
POTTSTOWN, Pa. - AeroVironment Inc. (NASDAQ:AVAV) unveiled its new "Mission Specialist Wraith" underwater drone on Tuesday, expanding its unmanned underwater vehicle (UUV) portfolio through its VideoRay subsidiary. The company's stock has risen 128.66% in the past year, reflecting strong investor confidence in its growing portfolio of autonomous systems.
The compact Wraith system features six degrees of freedom maneuverability through ten vector thrusters that allow it to maintain stability in various positions and in strong currents. According to the company's press release, the system offers up to 80 pounds of thrust and simultaneous lifting power.
The Wraith is based on VideoRay's open-architecture design and supports various payloads, including imaging, navigation and manipulation tools. The platform is designed for underwater inspection, defense and scientific missions.
"The Wraith provides responders with a compact, rapidly deployable system that offers the precision and control previously reserved for much larger vehicles," said Chris Gibson, Chief Executive Officer at VideoRay.
The newly released "Expeditionary" configuration represents the first phase in the company's planned development roadmap for the product. Future versions will expand the diving depth, payload capacity and endurance, the company said.
AeroVironment has acquired VideoRay as part of its strategy to expand its portfolio of autonomous systems across multiple domains. The company develops and supplies various unmanned systems, including aerial drones, loitering munitions and counter-UAS technologies.
The Mission Specialist Wraith complements AeroVironment's offering in the growing underwater drone market, where compact systems with advanced maneuverability are increasingly in demand for both military and commercial applications. Analysts expect the company to become profitable this year.
