Press Releases

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Source: AeroVironment Inc. • First plug-in hybrid to include 240-volt Level 2 charging as part of standard package
• TurboCord makes charging convenient and easy

MONROVIA, Calif., May 19, 2015 – AeroVironment, Inc. (NASDAQ:AVAV) today announced the portable TurboCord™ Dual (120V/240V) charger will come standard with the 2016 Volvo XC90 T8 Twin Engine, which will debut later this year. The Volvo XC90 T8 Twin Engine is the world’s first seven passenger plug-in hybrid electric vehicle (PHEV).   -> View More

Source: AeroVironment Inc. • Wahid Nawabi promoted to chief operating officer
• Roy Minson to lead strategy for commercial UAS market entry
• Kirk Flittie and Kenneth Karklin promoted to general manager of Unmanned Aircraft Systems and Efficient Energy Systems business segments, respectively

MONROVIA, Calif., April 30, 2015 – AeroVironment, Inc. (NASDAQ: AVAV) today announced the appointment of Senior Vice President Wahid Nawabi as the company’s chief operating officer, effective immediately. Nawabi served as general manager of the company’s Efficient Energy Systems (EES) business segment since 2011 and also led the company’s integrated engineering and operations functional organizations for the past year. Nawabi will continue to report to the company’s chairman and chief executive officer, Tim Conver. The general managers of the company’s Unmanned Aircraft Systems (UAS) and EES business segments now report to Nawabi.   -> View More

Source: AeroVironment Inc. 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. • Gives drivers ability to access charging stations through their smartphone
• Easy to use, convenient, cost-effective and secure
• Packed with features specially designed to solve commercial and workplace EV charging challenges, including recharging EVs on a typical commute in less than four hours at Level 2 (16 Amps/240 Volts)
• Configurable, modular design offers maximum flexibility

MONROVIA, Calif., Jan. 15, 2015 – AeroVironment, Inc. (NASDAQ:AVAV), a leader in electric vehicle (EV) charging and the preferred home charging solution supplier for five global automakers, today introduced TurboDock™ – a next-generation EV charging station for commercial and workplace settings that is controlled through a smartphone app. Out of the box, TurboDock charges at Level 1 (16 Amps/120 Volts), or at Level 2 (16 Amps/240 Volts), which will recharge EVs on a typical commute in less than four hours, making TurboDock ideal for commercial and workplace environments.   -> View More

Source: AeroVironment Inc. • 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. 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. • 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. • 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. • 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

Source: AeroVironment Inc. • Next generation pack tester with digital controls delivers faster control and response times
• Scalable to one megawatt
• Performs more varied and accurate testing with less equipment

NOVI, Mich., At The Battery Show, Sept. 16, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) today unveiled its next-generation, digital AV-900 EX at The Battery Show in Novi, Mich. The AV-900 EX features valuable enhancements to the company’s AV-900, the longtime battery testing workhorse for global auto manufacturers and test labs.   -> View More

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