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AeroVironment CEO: We have so many layers of demand globally, will keep us busy for a decadeAeroVironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk global demand amidst uncertainty in the defense space.
Persons: Wahid Nawabi, Jim Cramer
AeroVironment CEO Wahid Nawabi goes one-on-one with Jim CramerAeroVironment Inc. chair, president and CEO Wahid Nawabi, joins 'Mad Money' host Jim Cramer to talk the company's stock hit, the defense sector and more.
Persons: Wahid Nawabi, Jim Cramer AeroVironment, Jim Cramer Organizations: Jim Cramer AeroVironment Inc
Aerovironment CEO Wahid Nawabi sits down with Jim Cramer
  + stars: | 2024-06-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAerovironment CEO Wahid Nawabi sits down with Jim CramerAerovironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk quarterly results, global military conflicts, autonomous weapons and more.
Persons: Wahid Nawabi, Jim Cramer Aerovironment, Jim Cramer
In a Thursday interview with CNBC's Jim Cramer, AeroVironment CEO Wahid Nawabi described how the defense contractor's drones are used in battle, saying the technology will be a significant part of modern warfare. "The fundamental shift in warfare is that distributed intelligent robotic systems, loitering munitions, small drones — that's what we specialize in — is going to be a much bigger piece of the warfare in the future," he said. Nawabi discussed weapons including the Switchblade 600 — a kamikaze-type drone — and the Puma AE, which is primarily used for surveillance. The former is unique because it is able to "loiter" for 40 minutes to find a target, he said. According to Nawabi, the U.S. Army plans to buy more than a thousand Switchblade 600s as part of the Pentagon's latest initiative.
Persons: CNBC's Jim Cramer, Wahid Nawabi, Nawabi Organizations: Puma, U.S . Army
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutonomous weapons going to be 'much bigger part of warfare in the future': Aerovironment CEOAerovironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk quarterly results, global military conflicts, autonomous weapons and more.
Persons: Wahid Nawabi, Jim Cramer Organizations: Autonomous
The United States has approved the $360 million sale of more than 1,000 small armed drones to Taiwan, as the self-ruled island claimed by China aims to strengthen its asymmetrical warfare abilities with an eye on successful tactics used on the battlefield in Ukraine. The proposed sale comes as China increases military pressure on Taiwan, with extensive military exercises around it and almost daily warplane flights near the island. In a statement Wednesday, Taiwan’s presidential office thanked the US for its security commitments, adding this was the Biden administration’s 15th weapons sale to the island since 2021. That includes $6.1 billion in asymmetrical weapon systems, including Harpoon missiles, PAC-3 missile interceptors and MQ-9B aerial drones, Cato said. Many analysts have urged Taiwan to pursue more asymmetrical weapons, which they say would be harder for China to counter than conventional arms in any invasion of the island.
Persons: , Adm, Dong Jun, , Wahid Nawabi, Anduril, Biden, Karen Kuo, Cato Organizations: US Defense Security Cooperation Agency, Communist Party, Taiwan Relations, Washington, Chinese Defense, , Cato Institute, Harpoon Locations: States, Taiwan, China, Ukraine, Taipei, Beijing, Singapore, “ Taiwan, Washington
Watch CNBC's full interview with AeroVironment CEO Wahid Nawabi
  + stars: | 2024-06-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with AeroVironment CEO Wahid NawabiWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk its government partnerships, product demand, and more.
Persons: Wahid Nawabi Wahid Nawabi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAeroVironment delivered 3,000 drones to U.S. & allies since start of Ukraine conflict: CEO NawabiWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk its government partnerships, product demand, and more.
Persons: AeroVironment, Nawabi Wahid Nawabi Locations: Ukraine
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are very well positioned', says AeroVironment CEO on its role in global conflictsWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk production capacity, government contracts, earnings and more.
Persons: Wahid Nawabi
Investing in Space: Beyond the battlefield
  + stars: | 2023-09-12 | by ( Morgan Brennan | ) www.cnbc.com   time to read: +4 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. "Defense happens to be our largest customer and market that we serve, but we make systems that go beyond in terms of applications, to more product lines or capabilities have very direct implications to space," Nawabi said on CNBC's "Manifest Space" podcast. It's best known perhaps for the design and development of the Mars Ingenuity helicopter with NASA's Jet Propulsion Laboratory. Recently, however, Ingenuity conducted its 57th flight, surpassing 100 minutes of total Mars flight time. The lessons learned from this endeavor will also apparently bolster the emerging space robotics business.
Persons: CNBC's Michael Sheetz, Morgan Brennan, Michael Sheetz, AeroVironment, Wahid Nawabi, Nawabi, There's Organizations: CNBC, Revenue, NASA's Jet Propulsion Laboratory, NASA, Softbank, Airbus, FAA Locations: Ukraine, Simi Valley, Calif
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe future of defense is all about unmanned systems, says AeroVironment CEO Wahid NawabiWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk quarterly earnings, international demand, tech inoovation in the defense sector and more.
Persons: Wahid Nawabi Wahid Nawabi
Adoption of AeroVironment's Switchblade drone will be a key driver for the company, he said. It is not clear how often the U.S. military has utilized the Switchblade drone in theater. AeroVironment makes the Switchblade 300 and the 600; both are equipped with cameras, navigation systems and guided explosives. The 300 variant is designed to strike small targets, weighs a little more than 5 pounds and has a range of 10 miles. Each single-use Switchblade 300 is estimated to cost $6,000, according to an NBC News report.
Persons: LSEG, Wahid Nawabi, Baird, Peter Arment, AeroVironment, Lockheed Martin, Atomics Organizations: Pentagon, ., Lockheed, Lockheed Martin Hellfire, NBC Locations: Virginia, Tuesday's, Ukraine, U.S
Cramer's getting a read on the defense sector with the CEO of AVAVAVAV CEO Wahid Nawabi, speaks with "Mad Money" host Jim Cramer about the defense sector.
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