News & Articles

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Source: AeroVironment Inc.

U.S. Army Selects AeroVironment to Compete for Family of Unmanned Aircraft Systems and Spare Parts Task Orders Valued at Up To $248 Million Over Five Years

July 09, 2018
  • Army secures continued support for its fleet of Puma Long Range Reconnaissance Surveillance (LRRS) and Raven Medium Range Mobile (MRM) UAS
  • Raven and Puma continue to support US Army soldiers with critical situational awareness anywhere, anytime
  • Sustainment of Raven and Puma fleets ensures operational readiness

MONROVIA, Calif., July 9, 2018AeroVironment, Inc. (NASDAQ: AVAV) announced that on April 10, 2018 the United States Army selected the Company and six other suppliers for small Unmanned Aircraft Systems (UAS) sustainment under a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract. The seven awardees will compete for LRRS and MRM UAS, Tactical Open Architecture Controller system and spare and repair parts procurement task orders over the duration of the contract.The maximum value of the contract is $248 million over five years.

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Source: AeroVironment Inc.

AeroVironment Collaborating with NASA’s Jet Propulsion Laboratory to Build First Drone - the Mars Helicopter - to Fly on Mars

July 03, 2018
  • New space endeavor draws on company’s unique and diverse history of innovation and high-altitude drone flight experience
  • Drone prototypes have passed rigorous tests in simulated Mars atmosphere
  • Final Mars-bound helicopter now in production at JPL

MONROVIA, Calif., July 3, 2018 – What does a company do when its trailblazing and diverse innovations for nearly half a century have redefined how the world drives and flies? When its many technological “firsts” include the first practical electric car, flying the Nano Hummingbird drone, record-setting, solar-powered aircraft flights in near space, and reshaping the battlefield with portable, hand-held, tactical drones and loitering munitions?

It takes on another world.

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Source: AeroVironment Inc.

AeroVironment Announces Close of Efficient Energy Systems Business Segment Divestiture

July 03, 2018

MONROVIA, Calif., July 3, 2018AeroVironment, Inc. (NASDAQ: AVAV), a leader in unmanned aircraft systems and tactical missile systems, today announced that on June 29, 2018 it completed the previously announced divestiture of its Efficient Energy Systems (EES) business to Webasto Group. The purchaser paid the Company $32 million in cash at closing, which excludes a holdback amount of $6.5 million, and remains subject to certain post-closing adjustments, and the purchaser assumed certain liabilities. The holdback amount will be payable to the company upon the receipt of certain approvals and consents from certain EES business customers. The company expects proceeds from the divestiture to be accretive to U.S. GAAP earnings in the first fiscal quarter of 2019.

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Source: AeroVironment Inc.

Recent U.S. Army Awards for AeroVironment Switchblade Tactical Missile Systems and Services Bring Total Contract Value to $111 Million since August 2017; Include First Switchblade Order for U.S. Marine Corps

May 22, 2018
  • $78 million has been funded since August 2017
  • Awards for hardware and contractor logistics support approved through Urgent Need Statements, reflecting high priority requirements
  • AeroVironment provides full system capability, including Switchblade systems, operator training, support and logistics

TAMPA, Fla., At SOFIC, May 22, 2018 AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both military and commercial applications, today announced the receipt of contract awards in April 2018 from the United States Army for procurement of the company’s Switchblade® Lethal Miniature Aerial Missile System (LMAMS) and Contractor Logistics Support (CLS) that bring the total value of Switchblade awards to $111,054,202 since August 2017. The contract awards were funded through Urgent Need Statements and include the first Switchblade order from the United States Marine Corps.The U.S. Army Contracting Command, Redstone Arsenal will manage the contracts, for which $78,095,737 has been funded.

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Source: AeroVironment Inc.

ISO 9001:2015 and AS9100:2016 Certifications

May 09, 2018
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Source: AeroVironment Inc.

German Navy to Field AeroVironment Puma Unmanned Aircraft System with Mantis i45 Sensor

May 07, 2018
  • Puma with Mantis i45 sensor and pocket Remote Video Terminal (p/RVT) greatly enhances naval missions by adding stand-off/intercept, real-time surveillance
  • All Environment configuration proven to operate successfully and reliably from naval vessels and able to land in water, float until recovered, and continue immediate operations
  • German Navy joins a growing number of allies in fielding a maritime unmanned aircraft system capability, expanding the use of AeroVironment’s family of systems

Berlin, Germany, at ILA 2018 May 7, 2018 - AeroVironment, Inc.(NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, and ESG Elektroniksystem- und Logistik-GmbH, a leading system and software house in Germany for development and service, today announced the German Navy has acquired the AeroVironment Puma™ maritime unmanned aircraft system. The Puma systems will include the Mantis i45 sensor and pocket Remote Video Terminal (p/RVT). AeroVironment partnered with ESG to satisfy the requirement of the Bundesamt fur Ausrustung, Informationstechnik und Nutzung der Bundeswehr (BAAINBw) for an urgent operational requirement.

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Source: AeroVironment Inc.

AeroVironment Awarded ISO 9001:2015 + AS9100D Certification for Quality Management System

May 04, 2018
  • Certification represents third-party validation of company’s strong commitment to the highest quality products, customer service and processes
  • Scope of certification encompasses all company business segments
  • Combination certification for aerospace and defense suppliers satisfies prerequisite requirements for working with U.S. DoD, NASA and FAA
  • Follows company’s recent U.S. Army “Tier 1” superior supplier designation

MONROVIA, Calif., May 4 , 2018AeroVironment, Inc. (NASDAQ: AVAV), a leader in unmanned aircraft systems (UAS) for both defense and commercial applications,tactical missile systems and electric vehicle charging and test systems that serves militaries, government agencies, businesses and consumers worldwide, today announced that the company has earned ISO 9001:2015 + AS9100D certification for its Quality Management System.

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Source: AeroVironment Inc.

AeroVironment Successfully Conducts Maritime Demonstration of Puma-Switchblade Automated Sensor-to-Shooter Capability to Counter Swarm Attacks

April 09, 2018
  • Patent pending technology was demonstrated and evaluated for operational effectiveness aboard a US Navy Coastal Riverine Craft against high-speed unmanned target boats
  • Tightly integrated system effectively finds, identifies, fixes and defeats fast-moving surface vessels approaching a host vessel
  • Existing RQ-20B Puma Block 2 All-Environment small unmanned aircraft system with Mantis i45 sensor gimbal quickly and accurately locates and identifies threats on land or at sea
  • Automatic coordinate handoff to battle-proven Switchblade lethal loitering missile precisely targets moving threats with pinpoint precision
  • Delivers unprecedented ability to identify threats at long ranges, limit collateral damage and “wave off” targets subsequently deemed neutral or friendly
  • Simultaneously displayed Puma and Switchblade imagery dramatically elevates operator situational awareness and reduces the chances of mis-targeting

NATIONAL HARBOR, Md., at Sea Air Space 2018, April 9, 2018AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced the successful maritime demonstration of a Puma™-Switchblade® automated sensor-to-shooter (S2S) capability from a US Navy Coastal Riverine Craft for increased mission autonomy to counter threats.

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Source: AeroVironment Inc.

AeroVironment Releases New Puma 3, Upgraded for Operation in More Challenging Radio Frequency Environments

March 26, 2018
  • Upgraded airframe now accommodates concurrent operation of i45 gimbaled sensor suite and signals intelligence (SIGINT) payloads
  • Latest Digital Data Link (DDL) offers M1/M2/M5 and M3/M4/M6 frequency bands and AES-256 encryption
  • Complete system of three air vehicles and two ground control stations now transportable in four portable cases

HUNTSVILLE, Ala., at AUSA Global Force Symposium, March 26, 2018 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced at the AUSA Global Force Symposium (booth 1429) that the company is now taking orders for its new PumaTM 3 small unmanned aircraft system.

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Source: AeroVironment Inc.

Drone Company Hangs On to Win Clean-Energy Bet

March 22, 2018

Aerovironment retreated to the defense business when electric cars stalled. Now it's green again, and investors are piling in.  Clean earns more money. That's the mantra for investors reaping the reward of alternative energy outperforming fossil fuel. They've known since 2013 that you don't have to drive a Tesla or own its shares (they're up 826 percent) to benefit from green companies lapping the carbon crowd with superior perennial returns.

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