# Who are AeroVironment's customers? Who does AeroVironment earn revenue from?
Canonical: https://valuechain.wiki/aerovironment · Facet: customers · Updated: 2026-07-12T03:42:35.793943+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: AeroVironment discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).

### 미군·동맹 (배회폭탄·드론) (high)
- metric: Revenue ~$821M · 2025 · FY2025 revenue (+14.5%)
- note: Switchblade and recon-drone sales to US/allied forces are the revenue base. FY2025 $821M (+14.5%), a $764M backlog worked at 1,200/month — government orders anchor earnings visibility.
- [confirms] Army Recognition (EN, news, published 2025-06-01) https://www.armyrecognition.com/news/army-news/2025/aerovironment-to-produce-14-400-switchblades-loitering-munitions-per-year-in-the-us: "Switchblade 14,400/yr; $764M backlog."
- [confirms] SEC EDGAR (EN, filing, published 2025-03-04) https://www.sec.gov/Archives/edgar/data/1368622/000155837025002171/avav-20250304xex99d1.htm: "Switchblade 14,400/yr; $764M backlog."

### 우주·사이버·지향성에너지 (BlueHalo) (mid)
- note: Space, cyber and directed energy added via BlueHalo — the growth engine behind $1.9-2.0B FY2026 guidance and the execution risk of integration.
- [confirms] BeyondSPX (EN, research, published 2026-01-01) https://beyondspx.com/quote/AVAV/news/aerovironment-secures-743-million-additional-contract-ceiling-for-switchblade-systems-receives-549-m: "BlueHalo expands into high-growth areas."

Reverse side: https://valuechain.wiki/aerovironment/suppliers.md · Ripple: https://valuechain.wiki/aerovironment/ripple.md

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