Giulio Douhet proposed a revolution in warfare, stating that victory would come from large-scale aerial bombardments targeting civilians and infrastructure rather than just combatants.
KeyBanc lowered its price target to $295 from $330 and kept its Overweight rating after adjusting estimates post-earnings. The firm attributes the target reduction to recent changes to the SCAR program and timing in contract awards. Despite the revision, KeyBanc's broader conviction on AeroVironment is unchanged: the firm maintains that AeroVironment is positioned to capitalize on the proliferation of UAS/cUAS and increased government spending in defense and space-related programs.
For most of the twentieth century, airpower was one of the most costly components of military strength. Fighter jets, strategic bombers, and advanced missile systems necessitated massive financial investments, highly skilled personnel, and sophisticated logistical support networks. Only great military forces had the ability to sustain these capabilities.
Russia has attacked Ukraine with a new type of long-range drone that uses a powerful jet engine to fly 600 miles with a 200-pound explosive warhead, Kyiv's military intelligence agency said. The Ukrainian intelligence directorate, or GUR, released a statement on Sunday providing new details about what it dubbed the "Geran-5." GUR said the drone was used during an attack in early 2026.
More than 1,000 drones a high proportion of which are likely to be Shahed 136s have targeted Iran's Gulf neighbours since the US and Israel first attacked Tehran on Saturday morning. On Monday afternoon, the UAE said it had been attacked by 689 drones and had downed 645 meaning 44 drones, a little over 6% of the total, got through.
"To accelerate current weapons development timelines, DARPA is considering an alternative development paradigm to increase the nation's magazine depth and breadth."