AeroVironment to Establish Industrial Presence in Greece Through AV Eagle
Joint venture with Eyeonix SA will create a foundation for local production capabilities in support of Greek, European, and U.S. defense priorities.
AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in all-domain defense technologies, today announced it will establish an industrial presence in Greece through AV Eagle, a joint-venture with Athens-based Eyeonix SA, following the completion of a definitive shareholders agreement and securing Foreign Direct Investment approval from the Hellenic Republic Ministry of Foreign Affairs.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260821140577/en/ AV and Athens-based Eyeonix SA establish joint venture for a new facility in Greece that will manufacture unmanned systems and C-UAS for defense and civil protection across Europe. (Photo AV)
The joint venture builds on more than a decade of cooperation between AV and Eyeonix and is intended to expand AV’s ability to pursue defense opportunities in Greece and across the broader European market. AV Eagle is expected to become operational in fiscal year 2027 and provide a platform for future investing, localization and production as requirements and customer opportunities mature.
