AeroVironment Inc 8-K

What Happened AeroVironment, Inc. announced on December 18, 2025 that it executed a lease with QOZ 201CC TWO, LLC for approximately 130,733 square feet at 4387 West 2100 South, West Valley City, Utah 84120. The lease will commence on the earlier of the Company occupying the premises or the date of substantial completion of improvements, and expires on the last day of the 126th full calendar month after the commencement date. The lease includes a detailed base monthly rent schedule that increases over the term and requires the Company to pay its proportionate share of building operating expenses, including property taxes.

Key Details

• Lease date and parties: executed December 18, 2025 between AeroVironment, Inc. and QOZ 201CC TWO, LLC.
• Premises and term: ~130,733 sq ft; lease term = 126 full calendar months (10.5 years) after commencement.
• Base monthly rent (examples): Month 1–12 = $146,420.96; Month 109–120 = $199,556.74; Month 121–126 = $206,541.22.
• Options and expenses: two 5‑year extension options (notice 270–360 days before expiration); extension rent = market rent but not less than the final month’s base rent; tenant pays proportionate operating expenses and property taxes.

Why It Matters This is a material, long‑term real estate commitment that creates predictable, escalating occupancy costs and ongoing operating expense obligations. For investors, the lease will result in future cash outflows (base rent plus operating expenses) and will be reflected in the Company’s financial statements under lease accounting—details and the full lease text will be filed as an exhibit to AeroVironment’s Form 10‑Q for the quarter ended January 31, 2026.