Aerovironment Inc.

$38 Million Non-GAAP Earnings Per Share (diluted) $0.324 $3.60 – $3.701 Capital Expenditures 7% 6% – 8% • Includes Cloud Implementation Capital Expenditures • Excludes Integration Related Capital Expenditures Other Deal & Integration Expenses $40M-$45M​ Excluding Capital Expenditures [7] © 2025 AEROVIRONMENT, INC.

SEC original ↗Aerovironment Inc. — Presentation / slide deck (8-K exhibit)EX-99Sep 9, 2025

Unrealized gains and losses for debt securities are excluded from earnings and reported as a separate component of stockholders equity, net of deferred income taxes for available-for-sale investments.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

Debt Credit Facilities In connection with the consummation of the Arcturus Acquisition on February 19, 2021, the Company, as borrower, and Arcturus, as guarantor, entered into a Credit Agreement with certain lenders, letter of credit issuers, Bank of America, N.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

The Credit Agreement and its associated Security and Pledge Agreement set forth the terms and conditions for (i) a five-year $ 100,000,000 revolving credit facility, which included a $ 10,000,000 sublimit for the issuance of standby and commercial letters of credit (the Revolving Facility ), and (ii) a five-year amortized $ 200,000,000 term A loan drawn in full upon execution (the Term Loan Facility , and together with the Revolving Facility, the Credit Facilities ).

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

The Third Amendment to Credit Agreement provided for an aggregate $ 200,000,000 revolving credit facility, including a $ 25,000,000 sublimit for the issuance of standby and commercial letters of credit, and a $ 10,000,000 sublimit for swingline loans, secured by all assets of the Company and the Guarantors, and extends the maturity date for obligations pursuant to the Credit Agreement to October 4, 2029.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

Upon effectiveness of the Third Amendment to Credit Agreement, the Company drew $ 15,000,000 from the amended Revolving Facility and repaid in full all outstanding amounts owed pursuant to the $ 200,000,000 Term Loan Facility.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

With a broad and diversified portfolio of solutions, we are confident in our ability to deliver best-in-class solutions that are aligned to our customers highest priorities in all domains across air, land, sea, space and cyber.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

and international government R&D and procurement programs, including foreign military financing aid; changes in the timing and/or amount of government spending, including due to continuing resolutions and/or changing government priorities; adverse impacts of a U.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

First quarter revenue of $455 million driven by strong revenue growth across both AxS and SCDE segments Rapidly growing opportunities for AV products in all defense domains across air, land, sea, space and cyber that are directly aligned to our customers’ highest and most urgent priorities Strong first quarter bookings of nearly $400 million; funded backlog of $1.1 billion and unfunded backlog of $3.1 billion Maintaining FY26 year revenue guidance between $1.9 and $2.0 billion First Quarter Fiscal Year 2026 Key Messages [4] © 2025 AEROVIRONMENT, INC.

SEC original ↗Aerovironment Inc. — Presentation / slide deck (8-K exhibit)EX-99Sep 9, 2025

The Company s reportable segments are as follows: Autonomous Systems ( AxS ) The AxS segment focuses on the design, development, production, delivery, and support of intelligent, multi-domain robotic systems, including uncrewed aircraft systems ( UAS ), uncrewed underwater vehicles and ground robot systems.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026

The foregoing estimates are forward-looking and reflect management s view of current and future market conditions, subject to certain risks and uncertainties, including certain assumptions with respect to our ability to efficiently and on a timely basis integrate acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, react to changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

government, including uncertainties in classification, pricing or potentially burdensome imposed terms for certain types of government contracts; availability of U.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

government shutdown; our ability to realize the anticipated benefits of the BlueHalo transaction; our ability to execute contracts for anticipated sales, perform under such contracts and other existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; the extensive and increasing regulatory requirements governing our contracts with the U.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission.

SEC original ↗Aerovironment Inc. — Earnings release (8-K exhibit)EX-99Sep 9, 2025

Legal Proceedings 39 Item 1A.

SEC original ↗Aerovironment Inc. — 10-Q Quarterly report10-QSep 10, 2026