Aero Vironment Inc - Understand $avav stock

$AVAV Market Cap: $5.419 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$753.9M

TTM

Gross Margin

39.78%

TTM

Net Earnings

$58.94M

TTM

Current Assets

$500.3M

Q3 2024

Current Liabilities

$117.4M

Q3 2024

Current Ratio

426.34%

Q3 2024

Total Assets

$999.2M

Q3 2024

Total Liabilities

$126.3M

Q3 2024

Book Value

$872.9M

Q3 2024

Cash

$81.16M

Q3 2024

P/E

91.94

Sep 13, 2024 EST

Free Cash Flow

$34.42M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$716.7M	$540.5M	$445.7M	$394.9M	$367.3M	$314.3M	$268.4M	$233.1M	$233.7M	$259.4M	$251.7M	$240.2M	$325.0M	$292.5M	$249.5M	$247.7M	$215.7M	$173.7M	$139.4M	$105.2M	$47.70M
YoY Change	32.59%	21.27%	12.87%	7.52%	16.87%	17.08%	15.15%	-0.26%	-9.91%	3.06%	4.81%	-26.11%	11.11%	17.23%	0.73%	14.84%	24.18%	24.61%	32.51%	120.55%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$716.7M	$540.5M	$445.7M	$394.9M	$367.3M	$314.3M	$268.4M	$233.1M	$233.7M	$259.4M	$251.7M	$240.2M	$325.0M	$292.5M	$249.5M	$247.7M	$215.7M	$173.7M	$139.4M	$105.2M	$47.70M
Cost Of Revenue	$432.8M	$367.0M	$304.5M	$230.4M	$214.2M	$185.9M	$160.7M	$136.2M	$128.2M	$155.1M	$158.1M	$147.6M	$195.7M	$175.4M	$59.27M	$159.1M	$137.2M	$105.2M	$82.60M	$58.50M	$33.10M
Gross Profit	$283.9M	$173.5M	$141.2M	$164.6M	$153.1M	$128.4M	$107.7M	$96.90M	$105.6M	$104.3M	$93.61M	$92.54M	$129.3M	$117.2M	$190.3M	$88.60M	$78.50M	$68.50M	$56.80M	$46.60M	$14.60M
Gross Profit Margin	39.62%	32.1%	31.69%	41.67%	41.68%	40.86%	40.12%	41.57%	45.19%	40.21%	37.19%	38.53%	39.79%	40.05%	76.25%	35.77%	36.39%	39.44%	40.75%	44.3%	30.61%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$114.4M	$131.9M	$96.43M	$67.48M	$59.49M	$60.34M	$50.83M	$47.60M	$50.50M	$52.00M	$55.68M	$51.52M	$55.28M	$47.43M	$42.40M	$34.20M	$33.70M	$24.00M	$24.80M	$16.70M	$9.700M
YoY Change	-13.26%	36.78%	42.91%	13.43%	-1.41%	18.72%	6.78%	-5.74%	-2.88%	-6.61%	8.07%	-6.8%	16.55%	11.87%	23.98%	1.48%	40.42%	-3.23%	48.5%	72.16%
% of Gross Profit	40.3%	76.02%	68.28%	41.01%	38.86%	47.0%	47.2%	49.12%	47.82%	49.86%	59.48%	55.68%	42.74%	40.49%	22.29%	38.6%	42.93%	35.04%	43.66%	35.84%	66.44%
Research & Development	$97.69M	$64.26M	$54.69M	$53.76M	$46.48M	$34.23M	$26.43M	$28.50M	$35.00M	$46.50M	$25.52M	$37.21M	$30.98M	$35.77M	$24.51M	$21.80M	$16.40M	$13.90M	$16.10M	$9.800M	$1.700M
YoY Change	52.03%	17.49%	1.72%	15.68%	35.76%	29.51%	-7.25%	-18.57%	-24.73%	82.25%	-31.44%	20.13%	-13.4%	45.94%	12.43%	32.93%	17.99%	-13.66%	64.29%	476.47%
% of Gross Profit	34.41%	37.03%	38.72%	32.67%	30.36%	26.66%	24.55%	29.41%	33.14%	44.58%	27.26%	40.22%	23.95%	30.53%	12.88%	24.6%	20.89%	20.29%	28.35%	21.03%	11.64%
Depreciation & Amortization	$35.75M	$100.0M	$60.83M	$19.26M	$9.888M	$7.669M	$5.982M	$5.050M	$3.860M	$8.370M	$9.155M	$10.94M	$8.973M	$10.60M	$8.982M	$5.360M	$3.850M	$2.900M	$2.000M	$1.050M	$760.0K
YoY Change	-64.25%	64.4%	215.78%	94.8%	28.93%	28.2%	18.46%	30.83%	-53.88%	-8.57%	-16.29%	21.89%	-15.34%	18.0%	67.57%	39.22%	32.76%	45.0%	90.48%	38.16%
% of Gross Profit	12.59%	57.63%	43.07%	11.71%	6.46%	5.97%	5.56%	5.21%	3.66%	8.02%	9.78%	11.82%	6.94%	9.05%	4.72%	6.05%	4.9%	4.23%	3.52%	2.25%	5.21%
Operating Expenses	$212.1M	$196.2M	$151.1M	$121.2M	$106.0M	$94.58M	$77.26M	$76.10M	$85.50M	$98.50M	$81.19M	$88.73M	$86.26M	$83.20M	$24.51M	$56.00M	$50.10M	$38.00M	$40.90M	$26.60M	$11.50M
YoY Change	8.13%	29.8%	24.64%	14.42%	12.04%	22.42%	1.52%	-10.99%	-13.2%	21.31%	-8.5%	2.87%	3.67%	239.45%	-56.23%	11.78%	31.84%	-7.09%	53.76%	131.3%
Operating Profit	$71.82M	-$178.7M	-$9.887M	$43.31M	$47.14M	$33.83M	$30.43M	$20.80M	$20.10M	$5.800M	$12.42M	$3.802M	$43.08M	$33.95M	$29.89M	$32.60M	$28.40M	$30.50M	$15.90M	$20.00M	$3.100M
YoY Change	-140.2%	1707.05%	-122.83%	-8.11%	39.35%	11.17%	46.28%	3.48%	246.55%	-53.3%	226.64%	-91.17%	26.88%	13.6%	-8.32%	14.79%	-6.89%	91.82%	-20.5%	545.16%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$4.220M	-$9.368M	-$5.440M	-$618.0K	$4.828M	$4.672M	$2.300M	$1.300M	$1.000M	$900.0K	$900.0K	$700.0K	$500.0K	$300.0K	$200.0K	$1.200M	$3.800M	$1.700M	$200.0K	$0.00	-$100.0K
YoY Change	-54.95%	72.21%	780.26%	-112.8%	3.34%	103.13%	76.92%	30.0%	11.11%	0.0%	28.57%	40.0%	66.67%	50.0%	-83.33%	-68.42%	123.53%	750.0%		-100.0%
% of Operating Profit	-5.88%			-1.43%	10.24%	13.81%	7.56%	6.25%	4.98%	15.52%	7.25%	18.41%	1.16%	0.88%	0.67%	3.68%	13.38%	5.57%	1.26%	0.0%	-3.23%
Other Income/Expense, Net	-$4.373M	-$346.0K	-$10.31M	-$8.330M	$707.0K	$11.98M	-$49.00K	$500.0K	-$2.500M	-$1.000M	$1.622M	$6.245M
YoY Change	1163.87%	-96.65%	23.81%	-1278.22%	-94.1%	-24548.98%	-109.8%	-120.0%	150.0%	-161.65%	-74.03%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$61.56M	-$190.8M	-$13.25M	$23.88M	$47.18M	$46.53M	$31.33M	$22.60M	$18.50M	$1.900M	$14.90M	$10.77M	$43.54M	$34.23M	$30.08M	$33.80M	$32.20M	$32.20M	$16.10M	$20.00M	$3.000M
YoY Change	-132.26%	1339.79%	-155.49%	-49.38%	1.39%	48.51%	38.65%	22.16%	873.68%	-87.24%	38.27%	-75.26%	27.2%	13.78%	-11.0%	4.97%	0.0%	100.0%	-19.5%	566.67%
Income Tax	$1.891M	-$14.66M	-$10.37M	$539.0K	$5.848M	$4.641M	$9.800M	$4.800M	$3.000M	-$1.000M	$1.178M	$347.0K	$13.09M	$8.319M	$9.366M	$9.600M	$10.90M	$11.50M	$4.800M	$5.500M	$900.0K
% Of Pretax Income	3.07%			2.26%	12.39%	9.97%	31.28%	21.24%	16.22%	-52.63%	7.91%	3.22%	30.06%	24.3%	31.13%	28.4%	33.85%	35.71%	29.81%	27.5%	30.0%
Net Earnings	$59.67M	-$176.2M	-$4.185M	$23.35M	$41.07M	$47.42M	$17.65M	$13.10M	$9.000M	$2.900M	$13.70M	$10.40M	$30.50M	$25.90M	$20.70M	$24.20M	$21.40M	$20.70M	$11.20M	$14.60M	$2.200M
YoY Change	-133.87%	4109.49%	-117.93%	-43.16%	-13.39%	168.71%	34.71%	45.56%	210.34%	-78.83%	31.73%	-65.9%	17.76%	25.12%	-14.46%	13.08%	3.38%	84.82%	-23.29%	563.64%
Net Earnings / Revenue	8.32%	-32.59%	-0.94%	5.91%	11.18%	15.09%	6.57%	5.62%	3.85%	1.12%	5.44%	4.33%	9.38%	8.85%	8.3%	9.77%	9.92%	11.92%	8.03%	13.88%	4.61%
Basic Earnings Per Share	$2.19	-$7.04	-$0.17	$0.97	$1.73	$2.00	$0.76				$0.61	$0.47	$1.40	$1.20	$0.97
Diluted Earnings Per Share	$2.18	-$7.04	-$0.17	$0.96	$1.71	$1.97	$0.75	$562.2K	$387.9K	$125.5K	$0.60	$0.47	$1.36	$1.17	$0.94	$1.110M	$1.000M	$1.218M	$751.7K	$802.2K	$120.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$73.30M	$132.9M	$101.9M	$180.7M	$302.6M	$323.2M	$257.2M	$199.9M	$227.7M	$228.8M	$197.6M	$148.6M	$141.4M	$188.9M	$164.4M	$138.0M	$118.4M	$109.2M	$15.40M	$10.10M
YoY Change	-44.83%	30.32%	-43.59%	-40.28%	-6.37%	25.66%	28.66%	-12.21%	-0.48%	15.79%	32.97%	5.09%	-25.15%	14.9%	19.13%	16.55%	8.42%	609.09%	52.48%
Cash & Equivalents	$73.30M	$132.9M	$77.23M	$148.7M	$255.1M	$172.7M	$143.5M	$79.90M	$124.3M	$143.4M	$127.0M	$75.30M	$64.20M	$62.00M	$28.70M	$116.5M	$105.1M	$20.90M	$15.40M	$10.10M
Short-Term Investments		$0.00	$24.72M	$31.97M	$47.50M	$150.5M	$113.6M	$120.0M	$103.4M	$85.40M	$70.60M	$73.20M	$77.20M	$126.8M	$135.8M	$21.50M	$13.40M	$88.30M	$0.00
Other Short-Term Assets	$22.33M	$12.04M	$11.53M	$15.00M	$6.200M	$7.400M	$30.80M	$5.700M	$4.200M	$9.900M	$9.300M	$9.500M	$11.90M	$9.200M	$2.900M	$5.700M	$4.800M	$3.600M	$3.400M	$3.800M
YoY Change	85.44%	4.48%	-23.16%	141.95%	-16.22%	-75.97%	440.35%	35.71%	-57.58%	6.45%	-2.11%	-20.17%	29.35%	217.24%	-49.12%	18.75%	33.33%	5.88%	-10.53%
Inventory	$150.2M	$138.8M	$90.63M	$71.65M	$45.50M	$54.10M	$37.40M	$60.10M	$37.50M	$39.40M	$50.70M	$62.60M	$43.50M	$38.10M	$20.90M	$11.60M	$15.90M	$14.00M	$11.50M	$11.50M
Prepaid Expenses
Receivables	$269.8M	$193.3M	$164.4M	$134.3M	$149.5M	$84.10M	$73.70M	$88.50M	$74.90M	$51.00M	$42.70M	$31.10M	$83.50M	$66.30M	$57.40M	$62.60M	$50.40M	$34.20M	$26.40M	$20.20M
Other Receivables	$0.00	$0.00	$442.0K	$0.00	$0.00	$800.0K	$0.00	$0.00	$0.00	$0.00	$6.600M	$11.80M	$0.00	$0.00	$0.00	$3.400M	$2.400M	$0.00	$0.00	$0.00
Total Short-Term Assets	$515.6M	$477.0M	$368.9M	$401.6M	$503.9M	$469.6M	$399.0M	$354.1M	$344.3M	$329.0M	$306.9M	$263.5M	$280.3M	$302.5M	$245.6M	$221.4M	$192.0M	$161.1M	$56.70M	$45.50M
YoY Change	8.09%	29.3%	-8.15%	-20.29%	7.3%	17.69%	12.68%	2.85%	4.65%	7.2%	16.47%	-5.99%	-7.34%	23.17%	10.93%	15.31%	19.18%	184.13%	24.62%
Property, Plant & Equipment	$76.64M	$67.16M	$89.07M	$81.80M	$30.50M	$16.90M	$19.20M	$19.20M	$16.80M	$13.50M	$20.00M	$24.40M	$23.50M	$17.50M	$20.00M	$18.20M	$10.30M	$6.200M	$6.100M	$4.200M
YoY Change	14.11%	-24.6%	8.88%	168.19%	80.47%	-11.98%	0.0%	14.29%	24.44%	-32.5%	-18.03%	3.83%	34.29%	-12.5%	9.89%	76.7%	66.13%	1.64%	45.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$21.11M	$23.61M	$15.43M	$12.16M	$15.00M	$9.400M	$40.70M	$42.10M	$33.90M	$46.80M	$50.50M	$68.90M	$58.50M	$6.300M	$6.500M	$7.200M	$0.00
YoY Change	-10.59%	53.0%	26.96%	-18.96%	59.57%	-76.9%	-3.33%	24.19%	-27.56%	-7.33%	-26.71%	17.78%	828.57%	-3.08%	-9.72%
Other Assets	$54.66M	$32.43M	$9.222M	$12.50M	$15.50M	$12.50M	$13.90M	$15.30M	$15.50M	$7.800M	$6.900M	$4.800M	$6.900M	$5.500M	$9.800M	$6.400M	$2.900M	$900.0K	$2.200M	$700.0K
YoY Change	68.56%	251.62%	-26.23%	-19.35%	24.0%	-10.07%	-9.15%	-1.29%	98.72%	13.04%	43.75%	-30.43%	25.45%	-43.88%	53.13%	120.69%	222.22%	-59.09%	214.29%
Total Long-Term Assets	$500.3M	$347.6M	$545.3M	$526.9M	$81.10M	$39.20M	$74.40M	$78.40M	$66.40M	$68.50M	$78.10M	$98.10M	$88.90M	$29.20M	$36.40M	$31.80M	$13.20M	$7.100M	$8.300M	$4.900M
YoY Change	43.93%	-36.26%	3.48%	549.73%	106.89%	-47.31%	-5.1%	18.07%	-3.07%	-12.29%	-20.39%	10.35%	204.45%	-19.78%	14.47%	140.91%	85.92%	-14.46%	69.39%
Total Assets	$1.016B	$824.6M	$914.2M	$928.6M	$585.0M	$508.8M	$473.4M	$432.5M	$410.7M	$397.5M	$385.0M	$361.6M	$369.2M	$331.7M	$282.0M	$253.2M	$205.2M	$168.2M	$65.00M	$50.40M
YoY Change
Accounts Payable	$48.30M	$31.36M	$19.24M	$24.84M	$19.90M	$16.00M	$21.30M	$20.30M	$17.70M	$19.20M	$13.90M	$16.10M	$20.20M	$31.10M	$20.20M	$24.00M	$14.10M	$16.00M	$8.500M	$9.300M
YoY Change	54.04%	62.93%	-22.53%	24.83%	24.38%	-24.88%	4.93%	14.69%	-7.81%	38.13%	-13.66%	-20.3%	-35.05%	53.96%	-15.83%	70.21%	-11.88%	88.24%	-8.6%
Accrued Expenses	$54.15M	$43.87M	$32.22M	$34.22M	$27.40M	$18.50M	$16.90M	$13.00M	$14.00M	$13.40M	$14.10M	$12.10M	$19.10M	$15.50M	$10.30M	$10.20M	$10.40M	$8.900M	$8.500M	$5.100M
YoY Change	23.45%	36.16%	-5.86%	24.9%	48.11%	9.47%	30.0%	-7.14%	4.48%	-4.96%	16.53%	-36.65%	23.23%	50.49%	0.98%	-1.92%	16.85%	4.71%	66.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$10.00M	$7.500M	$10.00M	$10.00M																$1.000M
YoY Change	33.33%	-25.0%	0.0%
Total Short-Term Liabilities	$144.9M	$121.3M	$101.4M	$96.19M	$67.00M	$44.90M	$62.10M	$48.10M	$46.30M	$46.70M	$37.70M	$42.20M	$63.10M	$62.10M	$44.10M	$38.60M	$30.00M	$31.20M	$28.00M	$26.10M
YoY Change	19.41%	19.67%	5.41%	43.56%	49.22%	-27.7%	29.11%	3.89%	-0.86%	23.87%	-10.66%	-33.12%	1.61%	40.82%	14.25%	28.67%	-3.85%	11.43%	7.28%
Long-Term Debt	$17.09M	$125.9M	$177.8M	$187.5M	$0.00	$0.00	$0.00	$200.0K	$400.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.500M
YoY Change	-86.42%	-29.2%	-5.16%				-100.0%	-50.0%											-100.0%
Other Long-Term Liabilities	$30.48M	$24.64M	$24.13M	$32.76M	$8.100M	$1.400M	$2.200M	$2.000M	$2.300M	$1.800M	$4.800M	$4.200M	$6.900M	$6.200M	$4.400M	$7.100M	$5.500M	$500.0K	$2.600M	$100.0K
YoY Change	23.7%	2.1%	-26.34%	304.47%	478.57%	-36.36%	10.0%	-13.04%	27.78%	-62.5%	14.29%	-39.13%	11.29%	40.91%	-38.03%	29.09%	1000.0%	-80.77%	2500.0%
Total Long-Term Liabilities	$47.57M	$150.5M	$202.0M	$220.3M	$8.100M	$1.400M	$2.200M	$2.200M	$2.700M	$1.800M	$4.800M	$4.200M	$6.900M	$6.200M	$4.400M	$7.100M	$5.500M	$500.0K	$2.600M	$1.600M
YoY Change	-68.4%	-25.46%	-8.31%	2619.43%	478.57%	-36.36%	0.0%	-18.52%	50.0%	-62.5%	14.29%	-39.13%	11.29%	40.91%	-38.03%	29.09%	1000.0%	-80.77%	62.5%
Total Liabilities	$193.1M	$273.6M	$306.2M	$316.5M	$75.10M	$46.30M	$64.40M	$50.50M	$49.10M	$48.60M	$42.50M	$46.40M	$70.00M	$68.30M	$48.60M	$45.80M	$35.50M	$31.80M	$30.60M	$27.70M
YoY Change	-29.42%	-10.65%	-3.24%	321.4%	62.2%	-28.11%	27.52%	2.85%	1.03%	14.35%	-8.41%	-33.71%	2.49%	40.53%	6.11%	29.01%	11.64%	3.92%	10.47%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	27.20M	25.04M	24.69M	24.05M	23.81M	23.66M	23.47M	23.06M	22.94M	22.87M	22.35M shares	22.07M shares	21.78M shares	21.59M shares	21.39M shares
Diluted Shares Outstanding	27.33M	25.04M	24.69M	24.36M	24.09M	24.07M	23.81M				22.72M shares	22.39M shares	22.32M shares	22.08M shares	21.98M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $5.4187 Billion

About AeroVironment Inc

AeroVironment, Inc. engages in the design, development, production, support and operation of unmanned aircraft systems and electric transportation solutions. The company is headquartered in Arlington, Virginia and currently employs 1,403 full-time employees. The company went IPO on 2007-01-23. The company supplies uncrewed aircraft and ground robot systems, loitering munitions systems and related services to organizations within or supplying the United States Department of Defense (DoD), other agencies. Its segments include UnCrewed Systems (UxS), Loitering Munition Systems (LMS), and MacCready Works (MW). The UxS segment focuses primarily on small, unmanned aircraft system (SUAS) products, medium UAS products, and unmanned ground vehicles (UGV) products. The LMS segment focuses primarily on tube-launched aircraft that deploy with the push of a button and fly at higher speeds than small UAS products. The MW segment focuses on research and development in the areas of robotics, sensors, software analytics, data intelligence, and connectivity.

Industry: Aircraft Peers: AEROJET ROCKETDYNE HOLDINGS, INC. Eve Holding Inc Kratos Defense and Security Solutions Inc Maxar Technologies Inc. Mercury Systems Inc RTX Corp Rocket Lab USA Inc Virgin Galactic Holdings Inc Spirit AeroSystems Holdings Inc