AV Announces Retirement of Chief Financial Officer Kevin McDonnell

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AV Announces Retirement of Chief Financial Officer Kevin McDonnell

2026-02-24 06:13 Last Updated At：06:20

ARLINGTON, Va.--(BUSINESS WIRE)--Feb 23, 2026--

AeroVironment, Inc. (“AV” or the “Company”) (NASDAQ: AVAV), a global defense technology leader, today announced that Kevin McDonnell, Executive Vice President and Chief Financial Officer, has informed the Company of his decision to retire from AV, effective July 31, 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260223105811/en/

“Kevin has played an important role in strengthening AV’s financial performance, driving improved profitability during a period of revenue, bookings and backlog growth,” said Wahid Nawabi, Chairman, President and Chief Executive Officer. “On behalf of our Board and leadership team, I thank Kevin for his contributions to the Company and our finance organization. We wish him all the best in his retirement.”

“It has been a privilege to work with Wahid and the team at AV during an important period for the Company, including with the successful integration of BlueHalo,” said Kevin McDonnell, Executive Vice President and Chief Financial Officer. “I am proud of the progress we have made in strengthening our financial foundation and supporting our strategy. AV is well positioned for the future, and I look forward to watching the Company’s continued success.”

AV is actively working to find a successor and McDonnell will continue to support through the transition period.

About AV

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. At the core of these technologies lies AV_Halo™, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

CORRECTING and REPLACING Arenales Summit Becomes Home to Puerto Rico's First Hockey League Thanks to Landmark Renovation Funded by Risk’s Rewards LLC

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Feb 23, 2026--

Contact information on release dated February 20, 2026, should read: info@puertoricoicehockey.com (instead of scottlvargas@gmail.com ).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260220477891/en/

The updated release reads:

Arenales Summit Becomes Home to Puerto Rico's First Hockey League Thanks to Landmark Renovation Funded by Risk’s Rewards LLC

Arenales Summit, in partnership with the Puerto Rico Ice Hockey Association (PRIHA), today announced the launch of Liga Boricua, the island’s first-ever hockey league. This historic milestone was made possible by a comprehensive renovation of the Arenales Summit facility, funded by a leadership gift from Risk’s Rewards.

The initiative provides a powerful counter-narrative to the significant challenges facing education and community spaces in Puerto Rico. In the last decade, over 670 schools have been forced to close across the island, with 428 of those closures occurring since 2017, according to the Othering & Belonging Institute at UC Berkeley. This project ensures Arenales Summit is not only a vibrant center for the community but is now also a hub for a groundbreaking island-wide sports movement.

The transformation of Arenales Summit was extensive. Risk’s Rewards’ funding enabled the installation of professional-grade sport court flooring, official hockey dasher boards (92 ft x 52 ft), advanced sound systems with Bluetooth capabilities, and specialized volleyball net systems to ensure multi-sport use. Additional improvements included crucial roof repairs, fresh paint, mounted air circulation fans, and a professional scorekeeping system.

David Risk said, “We are thrilled to partner with PRIHA and Arenales Summit on this landmark project. The ultimate team sport, hockey has been part of my family’s heritage for three generations, spanning more than 80 years. Puerto Ricans have a passion for education and sports, so combining hockey with a dynamic school such as Arenales Summit is a natural fit. We hope this facility can have a lasting impact on the community for generations to come.”

Scott Vargas, President of the Puerto Rico Ice Hockey Association, shared his excitement for the league’s launch. “We have been active with floor and inline hockey in San Juan since 2022. It has been a challenge to find a stable location, but we have continued to grow our program. The growth is due to the genuine interest and passion for hockey here. With Risk’s Rewards’ support and dedication, we now have a permanent home here at Arenales Summit. This facility is a place where we will develop athletes from youth to the international stage - athletes that will represent Puerto Rico.”

Carmen “Santy” Cardona Rosado, Director of Arenales Summit, added, “As an innovative school focused on providing a different approach to learning, we view this as an amazing opportunity. We view Hockey as diversification - a new sport in Puerto Rico and this is exactly why we are so excited. As a team sport with a dynamic skill set that requires teamwork, communication, hand-eye coordination, strength and agility we believe this partnership fits right in with our core values at Arenales Summit. This could not be possible without the help of Risk’s Rewards. We look forward to our partnership with them and PRIHA."

Thanks to the revitalized facility, Liga Boricua is set for its inaugural season with four founding clubs, each celebrating Puerto Rican heritage: C.H. Coquí (Puerto Rican frog), C.H. Fortaleza (El Morro fortress), C.H. Gallito (honoring boxer Sixto Escobar), and C.H. Vejigante (reflecting vibrant carnival traditions). The league will use a hybrid inline hockey ruleset combining International Ice Hockey Federation (IIHF) and World Skate regulations, laying the groundwork for the future of ice hockey on the island.

Anyone interested in registering can go to juegahockey.com for more information and access to the registration link.

About Arenales Summit

Arenales Summit is a premier community and recreational facility located in San Juan, Puerto Rico. Dedicated to providing a safe and enriching environment, it offers diverse programs in sports, education, and the arts to foster personal growth and community engagement for all ages.

About the Puerto Rico Ice Hockey Association (PRIHA)

The Puerto Rico Ice Hockey Association is the official governing body for hockey in Puerto Rico. As a non-profit organization, PRIHA is dedicated to promoting and developing inline and ice hockey across the island. Through initiatives like Liga Boricua, PRIHA aims to build a sustainable hockey ecosystem, from grassroots programs to competitive leagues, for athletes of all ages.