Shares of AeroVironment (NASDAQ: AVAV) are falling on Wednesday. The company's stock had lost 4.4% as of 2:05 p.m. ET but was down as much as 22.4% earlier in the day. The drop comes as the S&P 500 gained 0.

Key Takeaways AeroVironment reported weaker-than-expected results as military weapons sales to Ukraine fell and the drone maker was negatively impacted by January's Southern California wildfires.The company posted a third-quarter fiscal 2025 loss,

AeroVironment’s (NASDAQ:AVAV) shares fell 15% in extended trading Tuesday after the maker of military drones and autonomous equipment reported disappointing quarterly results. If the loss extends into Wednesday’s trading session,

Ukraine-related sales. The company's short-term hurdles led to it reporting a net loss of $1.8 million compared to a $13.9 million profit last year. Nonetheless, AeroVironment continues to strategize for future growth through initiatives like its BlueHalo acquisition,