News & Articles

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Source: AeroVironment Inc.

CNBC: Jobs For Drones Are Set To Take Off

February 06, 2015

AeroVironment has been working for some of these firms, sending its drones over the North Slope of Alaska to gather data for major oil companies that drill there. A few police forces have been testing drones and CNN has been approved to use them for news gathering. Gitlin said drones are expected to be used extensively in the field of precision agriculture, with farmers using them for the targeted spraying of pesticides.

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Source: AeroVironment Inc.

AeroVironment Appoints Teresa Covington as Interim Chief Financial Officer

February 05, 2015
Jikun Kim Leaving Company to Pursue Other Opportunities

MONROVIA, Calif., February 5, 2015 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced the appointment of Teresa Covington as interim chief financial officer, effective immediately, until a permanent replacement has been selected and appointed. Covington succeeds Jikun Kim, who has resigned as senior vice president and chief financial officer.   -> View More

Source: AeroVironment Inc.

AeroVironment Receives $4.3 Million Award and $7.1 Million Option for Switchblade Tactical Missile System Support Services

December 04, 2014
• Award increased funded contract value to $63.8 million
• Switchblade systems continue to protect American forces

MONROVIA, Calif., Dec. 4, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) today announced the receipt of a $4.3 million cost plus fixed fee award and $7.1 million option on September 25, 2014 for Switchblade® tactical missile system support services from the United States Army Close Combat Weapons Systems office. The award increased the funded value of an existing contract for Switchblade tactical missile systems to $63.8 million. In addition, options totaling $38.3M increased the total contract ceiling to $102.1 million.   -> View More

Source: AeroVironment Inc.

An Inside Look at Drones

November 17, 2014

Unmanned aerial vehicles, commonly known as drones, are controversial surveillance tools that can lead to talk of government spying. But experts at a half-day symposium at Cal State Channel Islands in Camarillo last week said drones are also used to save law enforcement lives and to provide environmental and agricultural benefits.

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Source: AeroVironment Inc.

Drones Provide BP with Eyes in the Skies

November 14, 2014

The use of unmanned aerial vehicles (or drones) is on the rise, with the military to Hollywood finding practical applications. BP, too, was an early adopter. Now, with Federal Aviation Administration approval for the first commercial operation in the US, this technology looks set to change the way BP carries out some of its most challenging tasks.

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Source: AeroVironment Inc.

AeroVironment, Inc. Schedules Second Quarter Fiscal 2015 Earnings Release and Conference Call

November 11, 2014
MONROVIA, Calif., Nov. 11, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it will issue financial results for the Company's second quarter ended November 1, 2014, after the market closes on November 25, 2014. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Time that day.   -> View More

Source: AeroVironment Inc.

Next-Gen Battery Pack Testing: AeroVironment Launches the AV-900 EX

November 04, 2014
In the late 1980s, General Motors contracted with the California-based firm AeroVironment to develop the Impact electric concept car. It was the prototype that evolved into the infamous EV1 production car.

While designing the Impact, AeroVironment needed the ability to test large-format battery packs for automotive applications. However, at that time, essentially no one else in the world was developing EVs, and the tools to efficiently build and test battery packs didn’t exist.   -> View More

Source: AeroVironment Inc.

DARPA Awards AeroVironment Phase II Tern Contract to Develop New Class of Maritime Unmanned Aircraft

October 08, 2014
• Tern intended as next-generation, mid-altitude, long-endurance unmanned aircraft system (UAS)
• AeroVironment-led team of industry experts incorporating advanced technologies to develop new UAS for agile maritime operations
• Contract valued at $19 million

MONROVIA, Calif. Oct. 8, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) announced the Defense Advanced Research Projects Agency (DARPA) has selected the company and its team of industry leaders to follow its successful phase I concept design effort with a phase II preliminary design for the Tactically Exploited Reconnaissance Node, or Tern. The 12-month, $19,035,007 phase II effort seeks to conclude with subscale flight demonstrations prior to a planned phase III award decision.   -> View More

Source: AeroVironment Inc.

U.S. Army Awards AeroVironment $27.2 Million for RQ-11B Raven and RQ-20A Puma Spare Parts

September 30, 2014
• Latest orders increase total value of spare parts and upgrade awards to $77.6 million since May 2014
• Recapitalization of Raven and Puma fleets ensures combat readiness

MONROVIA, Calif., Sept. 30, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it received three firm fixed-price orders from the United States Army totaling $27,178,075 for RQ-11B Raven® and RQ-20A Puma AE™ unmanned aircraft systems (UAS) spare parts. The company received two orders on August 29, 2014 and one on September 18, 2014. Delivery is anticipated within 12 months.   -> View More

Source: AeroVironment Inc.

AeroVironment Receives $22 Million RQ-12 Wasp AE Small Unmanned Aircraft Systems Order for United States Marine Corps

September 24, 2014
• Wasp AE to begin filling Marines next generation family of systems micro UAS requirement
• Largest single procurement of ground and water-capable Wasp AE

QUANTICO, At Modern Day Marine, September 24, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it has received a firm fixed-price order valued at $21,779,408 for RQ-12 Wasp® AE small unmanned aircraft systems (UAS) and initial spares packages for the United States Marine Corps.   -> View More

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