Press Releases

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Source: AeroVironment Inc. MONROVIA, Calif., July 7, 2015 – AeroVironment, Inc. (NASDAQ:AVAV) today announced the appointment of Raymond Cook as senior vice president and chief financial officer, effective immediately. Cook succeeds Teresa Covington, who has served as interim chief financial officer since February 5, 2015. Teresa will remain Vice President, Finance. The company’s announcement follows an extensive search conducted by the Board of Directors, with the assistance of a leading global executive search firm, to identify a new chief financial officer.   -> View More

Source: AeroVironment Inc. • Allied forces increasingly deploying AeroVironment’s small unmanned aircraft systems
• Wasp AE delivers real-time ISR, on demand, for infantry, littoral or maritime reconnaissance operations

PARIS, At Paris Air Show, June 17, 2015 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced that the Australian Defence Force (ADF) this month received and began training exercises with the company’s RQ-12 Wasp® AE small unmanned aircraft system.

ADF placed an AUD $7.7 million order on Dec. 22, 2014 as part of an Army Soldier Modernization Trial procurement. AeroVironment received the order from XTEK Limited on behalf of the ADF.   -> 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. • 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. MONROVIA, Calif., August 20, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it will issue financial results for the Company's first quarter ended August 2, 2014, after the market closes on September 3, 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

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