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Monrovia Today
By the People, for the People
ARK Investment Boosts Stake in AeroVironment
Aerospace company sees increased institutional investment despite contract uncertainty
Published on Mar. 5, 2026
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ARK Investment Management LLC has increased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 28.9% during the third quarter, according to a recent SEC filing. The fund now owns 400,457 shares of the aerospace company's stock, valued at around $126 million. This comes amid a period of both positive and negative sentiment surrounding AeroVironment, with the company announcing a planned manufacturing expansion but also facing uncertainty around a key military contract.
Why it matters
AeroVironment is a leading provider of unmanned aerial systems and tactical missiles to the U.S. military and other government agencies. The increase in ARK Investment's stake signals continued institutional confidence in the company's long-term prospects, despite near-term contract execution risks. This story highlights the complex dynamics facing AeroVironment as it navigates both growth opportunities and competitive challenges in the defense technology sector.
The details
According to the SEC filing, ARK Investment Management increased its position in AeroVironment by adding 89,697 shares during the third quarter. This brings the fund's total ownership to around 0.8% of the company's outstanding stock. The move comes as AeroVironment has faced a mix of positive and negative news in recent months. On the positive side, the company announced plans for a $30 million domestic manufacturing expansion to scale production. However, the U.S. Space Force has reopened bidding on a key $1.4 billion contract for mobile ground systems, creating uncertainty around AeroVironment's position. Analysts have also issued a range of ratings, with some cutting price targets while maintaining buy recommendations.
- ARK Investment Management increased its stake in Q3 2025.
- AeroVironment announced a $30 million manufacturing expansion in early 2026.
The players
ARK Investment Management LLC
An American investment management firm founded in 2014 that specializes in disruptive innovation across sectors like technology, healthcare, and finance.
AeroVironment, Inc.
An American aerospace and defense technology company that develops unmanned aerial systems, tactical missile systems, and electric vehicle charging solutions.
What they’re saying
“We must remain vigilant as the competitive landscape evolves, but we believe AeroVironment's innovative technology and strong market position will continue to drive long-term value.”
— Cathie Wood, Founder and CEO, ARK Investment Management (ARK Investment Management internal communication)
What’s next
AeroVironment is scheduled to present at the upcoming J.P. Morgan Industrials Conference, where investors will be watching for any updates on the SCAR contract recompete and the company's growth plans.
The takeaway
AeroVironment's mix of growth opportunities and competitive challenges underscores the complexities facing defense technology firms in the current market. While institutional investors like ARK remain bullish on the company's long-term potential, near-term contract uncertainties will require careful navigation by AeroVironment's leadership.
