Press Releases

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Source: AeroVironment Inc. MONROVIA, Calif., Sept. 26, 2007 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received a contract from the United States Special Operations Command (USSOCOM) for the development and military utility assessment of its Global Observer unmanned aircraft system (UAS). This contract initiates a Joint Capabilities Technology Demonstration, or JCTD. The JCTD is sponsored by multiple U.S. government organizations. The contract calls for the development of up to three Global Observer aircraft over the next three years to demonstrate the ability to operate in the stratosphere for up to 7 days without landing. The basic contract, which will be funded under a cost-plus fixed-fee arrangement, provides for the development and delivery of the initial Global Observer aircraft, and is valued at approximately $57 million. The contract also includes options for the development and delivery of up to two additional Global Observer aircraft, resulting in a potential contract value of $108 million.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Sept. 18, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has been granted a patent by the United States Patent and Trademark Office (USPTO) for a battery charging innovation that enables simultaneous or parallel charging of multiple batteries. The USPTO awarded AV patent No. 7,256,516 titled, "Battery charging system and method," on August 14.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., September 13, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, announces the first technology demonstration of its building-integrated Architectural Wind system and new AVX400 wind turbine. The wind-turbine system is installed on the Adventure Aquarium in Camden, New Jersey. The project's stakeholders are the Delaware River Port Authority (DRPA), a bi-state agency of Pennsylvania and New Jersey; the Camden County Board of Freeholders; the State of New Jersey, which owns the building, and Steiner & Associates, the aquarium's operators.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Sept. 11, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received an order to supply the Danish Army Operational Command with RQ 11 B, Raven B small Unmanned Aircraft Systems (UAS). The order includes 12 systems, logistics support and training services, for a total value of $2.4 million. Each Raven B system typically consists of three aircraft, a hand-held ground control station, a remote viewing terminal, systems spares, and related services.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., August 29, 2007 - Dr. Paul MacCready, internationally renowned innovator and entrepreneur, founder and former chairman of the board of directors of AeroVironment, Inc., passed away in his sleep on Tuesday, August 28. Dr. MacCready had recently been diagnosed with a serious ailment. His passing occurred less than one week after the 30th anniversary of one of his most notable accomplishments, the record-setting flight of his human powered airplane, the Gossamer Condor.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Aug. 20, 2007 -- The Board of Directors of AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has unanimously elected Tim Conver as its new chairman of the board. After joining AV's Board of Directors in the late 1980's Conver became its president in 1991 and assumed the additional role of chief executive officer shortly thereafter. Conver now assumes the role previously held by Dr. Paul MacCready, who has retired as chairman and director as a result of a recently diagnosed, serious health issue. Mr. Conver's appointment is effective immediately.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif.--(BUSINESS WIRE)--Aug. 17, 2007--AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that John Kim, former Ryder Transportation and Logistics Director of National Sales, has joined its PosiCharge Systems management team as Director of Sales.   -> View More

Source: AeroVironment Inc. WASHINGTON, At AUVSI North America, Aug. 6, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Air Force has recently taken delivery of its initial BATMAV micro unmanned aircraft systems (UAS), which include the Wasp III air vehicle, as planned under the Air Force Beyond Line of Site (BLOS) program. AV received the BATMAV, or Battlefield Air Tactical Micro Air Vehicle, award in December 2006 after competing against a number of candidate systems. AV recently received orders for 30 systems through the program's indefinite delivery/indefinite quantity (IDIQ) contract which provides for purchases of up to $45 million over a period of five years.   -> View More

Source: AeroVironment Inc. MONROVIA, CA., July 25, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient energy systems, today announced that U.S. Navy Rear Admiral, Daniel H. Stone, has joined the company as vice president of its Unmanned Aircraft Systems (UAS) logisitics operation. AV's logistics operation supports all of the company's globally deployed small UAS, including Raven, Dragon Eye, Wasp and Puma.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif.--(BUSINESS WIRE)--May 30, 2007--AeroVironment (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it performed a fast charge demonstration of a lithium chemistry electric vehicle battery pack for representatives of the California Air Resources Board (CARB). The 35kWh (kilowatt-hour) battery pack, developed by Altair Nanotechnologies (NASDAQ:ALTI), is designed for use in the Phoenix Motorcar Sport Utility Truck. This battery pack is designed to allow the truck to travel more than 100 miles on a single charge. The test, conducted by engineers at AV's Monrovia, California Energy Technology Center, was a milestone in battery fast charging, demonstrating the capability of fully charging the pack in less than ten minutes.   -> View More

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