AeroVironment Inc. (NASDAQ: AVAV) announced plans to invest $100 million in consolidating its Southern California operations into a single campus in Moorpark, California. The company, which designs and manufactures autonomous systems and defense technologies, will relocate teams and capabilities from five leased locations into a 20-acre company-owned site.
The consolidation will encompass research, engineering, design, prototyping, and production operations, with the company emphasizing that core functions such as R&D, engineering, and manufacturing will remain in California. AeroVironment’s portfolio includes autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities.
The project aligns with the company’s previously issued fiscal 2027 capital expenditure guidance. AeroVironment closed on the Moorpark property during its fiscal second quarter, with renovation and construction expected to begin in fiscal 2028. Employee transitions will occur in phases, with the campus slated to be fully operational by 2029.
Wahid Nawabi, Chairman, President, and CEO, stated that the investment reaffirms the company’s commitment to California, where it has operated for more than five decades. Rob Smith, Chief Operating Officer, noted that the unified campus will reduce operational friction across multiple locations.
The company was founded in Southern California over 50 years ago and maintains its headquarters in Simi Valley.
