Cramer's 'Mad Money' Recap: Stake Out AeroVironment

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To make a lot of money in not a lot of time, market players need to get into the next hot initial public offering, Jim Cramer told viewers of his "Mad Money" TV show Friday.

AeroVironment, which is expected to go public next week and trade under the symbol AVAV, is the next hot IPO, according to Cramer.

The company makes small unmanned aircraft used for surveillance, he said. Even though AeroVironment may have the risk of competition, it's the only company that makes a plane weighing less than a pound.

That's what gives AeroVironment an edge, Cramer said.

The Pentagon has been "pouring money" into it, as the small, quiet planes AeroVironment makes are used by the army "to spy what's happening 'over the hill,'" he said.

Moreover, as the aircraft are combat-tested in Iraq and Afghanistan, the company has real sales and real profits, Cramer said.

Plus, AeroVironment's applications are not only military-based, but the aircraft is also used for scientific and preventative reasons in the case of volcanoes and forests, he continued.

Though people may be worried that a stock like this might take a hit with the Democrats in control, Cramer told viewers that AeroVironment has deep military contracts and an unbelievably optimistic backlog.

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