So nonetheless, we expect a very strong healthy growth this year, fiscal ’24. And I believe that that’s going to continue beyond fiscal ’24, and we’re at an inflection point in our business, and we’re very excited about the opportunities for growth in the coming years.
Kevin McDonnell: And we think we have line of sight on the supply chain necessary to meet our guidance levels.
Wahid Nawabi: For this year, yes.
Kevin McDonnell: Yes.
Greg Konrad: And then we’ve seen the advances around AI, and I think you’ve called out a number of areas of progress. I mean how do you think about monetizing that going forward, either through selling more systems? Or is there upgrade opportunities? Just trying to get a sense of what that can mean for the portfolio as that advances.
Wahid Nawabi: Sure. So that’s a really, really critical and important question, Greg, that you’re asking. I’m glad you’re asking it because I think that there’s a lot of hype in the market with a lot of different players who claim that they have a lot of capability in terms of autonomy and all this. AeroVironment has been somewhat what I call quiet and humble in this area in terms of actually developing the capability and making sure that we deliver the capability in real world with our solutions. One of the first products that we launched in this space this past year was called Puma Visual Navigation System. It’s essentially a modular kit that you can buy that can be installed on all of our existing Puma systems essentially.
And it allows a Puma system to not rely on GPS signal at all. It can literally find its location and space and chart away to get to where it needs to go to based on an operator’s instructions without reliance on GPS. So that’s just the beginning. And we have the ability to do a lot more in this area. I expect this over the next several years to continue to grow this capability and announce additional enhancements and new kits of products, both hardware and software and the space. Today, as you know, our business is primarily made up of hardware and services. We expect that to change over time and in fact eventually include software as a selling item, whether that could be a subscription or a license TBD and depends on really on our customers’ acquisition process.
But I feel really good about it and we really have a lot of good positive momentum in this area that I think sets us apart from our competitors.
Greg Konrad: Thank you.
Operator: Thank you. Our next question comes from Jan-Frans Engelbrecht with Baird. You may proceed.
Jan-Frans Engelbrecht: Good afternoon, Wahid, Kevin and Jonah. I’m on for Peter today.
Wahid Nawabi: Good afternoon.
Kevin McDonnell: Good afternoon.
Jonah Teeter-Balin: Hey, good afternoon.
Jan-Frans Engelbrecht: Yeah. Congrats on a great quarter. So I just wanted to get a question on the Switchblade 300. And sort of can you give us an indication of where you sit in terms of the DoD replenishment? I know you initially sent 700 drones with the majority being 300 variants. And we just saw that $65 million order come in a couple of months ago. Can you sort of give us a sense of, has that fully been replenished, because we don’t really know the full breakdown of how much France will be getting and also the other unnamed allied nation in that latest order.
