AeroVironment and Eyeonix establish AV Eagle joint venture in Greece
AeroVironment completed a shareholders agreement with Eyeonix and secured Greek foreign-investment approval for AV Eagle, a majority-owned joint venture intended to localize unmanned-systems production in Greece.
Evidence notes
- AV Eagle is expected to become operational in AeroVironment fiscal 2027 and will be consolidated in the company's financial statements.
- The venture may establish Greek manufacturing and assembly for unmanned aircraft, loitering munitions and counter-UAS systems as requirements mature.
- AeroVironment targets production capability in 2028 and plans collaboration with Greek industry and the Hellenic Center for Defence Innovation.
Company context
AeroVironment, branded AV, is a U.S. defence technology company spanning autonomous systems, loitering munitions, counter-UAS, directed energy, space, cyber and electronic warfare.