AeroVironment Inc. will invest approximately $100 million to consolidate its Southern California operations into a single campus in Moorpark, the company announced on Monday.
The 20-acre property, acquired during the second fiscal quarter, will house research, engineering, design, prototyping and production activities currently spread across five leased facilities. Renovation and construction are slated to begin in fiscal 2028, with a phased transition of employees and full operational readiness targeted for 2029.
The investment reflects AeroVironment’s long-term commitment to California, where the defense and aerospace firm was established more than five decades ago, according to Wahid Nawabi, chairman, president and CEO. Rob Smith, chief operating officer, noted the consolidation aims to reduce operational inefficiencies arising from dispersed facilities.
AeroVironment develops autonomous systems, loitering munitions, counter-UAS technologies, space platforms, directed-energy systems and cyber/electronic warfare capabilities. The expenditure aligns with previously disclosed capital expenditure guidance for fiscal 2027.
