The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kenneth George Herbert - RBC Capital Markets, Research Division - Analyst
: Wahid, I just wanted to start out. Can you just maybe provide an update specifically on Switchblade 300 and 600? How much of the maybe the 300
in funded backlog you've called out or implied in the fiscal '23 revenues are sales associated with Switchblade into Ukraine, either directly into
Ukraine or as part of a replenishment of inventories here in the United States?
Question: Kenneth George Herbert - RBC Capital Markets, Research Division - Analyst
: Okay. That's helpful. And just as a follow-up, is it possible maybe to quantify the impact of the supply chain on the fiscal first quarter? And what's
your visibility on if that's getting better? Is it steady? Is it stable? I mean how do we think about that impact as it flows through the rest of the fiscal
year?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Wahid, Kevin and Jonah, has the contract that has been discussed widely in the media for AeroVironment to manufacture and ship 10 Switchblade
600 to Ukraine, has that contract closed yet? And was that responsible for a portion of the increase in backlog during the month of August?
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SEPTEMBER 07, 2022 / 8:30PM, AVAV.OQ - Q1 2023 AeroVironment Inc Earnings Call
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: And you were successful with the FTUAS Increment 1. And can you remind us how does that win position AeroVironment for that ultimate $1
billion program of record? And how does Increment 2 fit into the mix with the program of record?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Great. And do you expect that $1 billion to be allocated just to one vendor? Or is it expected to be like multi-company?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Right. One final question if I may. Are you able to -- I know it's -- this is very -- it might be premature. But are you able to discuss your partnership
with Northrop Grumman for the Jackal Switchblade variant that they showcased at the Special Operations Forces conference?
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