AeroVironment, Inc. (NASDAQ: AVAV) held its 2026 Investor Day, during which company leadership outlined a growth strategy and introduced financial targets for fiscal year 2030.

The Arlington, Va.-based defense technology company said it expects to reach $3.5 billion to $4.0 billion in revenue by fiscal year 2030, representing a 15% to 20% organic compound annual growth rate.

Additional fiscal year 2030 targets include adjusted EBITDA margins of 18% to 20% and research and development spending of 7% to 9% of revenue.

Wahid Nawabi, Chairman, President and Chief Executive Officer, said in a statement: "We will leverage AV's proven business model to commercialize new technologies across a broader global and commercial customer base. The fiscal year 2030 financial targets we provided today underscore our confidence in our ability to create long-term value for our shareholders."

The information is based on a press release issued by AeroVironment.