AeroVironment CEO: "$10-Per-Shot Laser Beats $150,000 Drones" — But Stock Keeps Falling

AeroVironment CEO: "$10-Per-Shot Laser Beats $150,000 Drones" — But Stock Keeps Falling

AeroVironment just landed the first-ever production contract for directed-energy weapons in U.S. military history, yet the stock has collapsed nearly 41% over the past year. Something about this story does not add up, and the answer involves a CEO selling millions in shares while telling investors the best is yet to come.

AeroVironment CEO: “$10-Per-Shot Laser Beats $150,000 Drones” — But Stock Keeps Falling

The post AeroVironment CEO: “$10-Per-Shot Laser Beats $150,000 Drones” — But Stock Keeps Falling appeared first on 24/7 Wall St.. AeroVironment (NASDAQ:AVAV) chairman and chief executive Wahid Nawabi went on CNBC this week with an arithmetic problem for defense investors. Drones being thrown at…