AeroVironment shares are rising in Wednesday's after-hours session after the company was awarded a $500 million contract by the U.S. Department of Defense.

AeroVironment heads into its Q4 report with a record backlog, bruised sentiment and the stock trading near 52-week lows.

AeroVironment Inc (NASDAQ:AVAV) reports financial results for the fourth quarter of fiscal 2026 after the market close on Monday.