Press Releases

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Source: AeroVironment Inc. • Competitive award provides for continued upgrading of U.S. Army Raven® unmanned aircraft systems
• Order coincides with the upcoming 10th anniversary of the first Raven delivery to the U.S. Army

MONROVIA, Calif., Oct. 2, 2013 -- AeroVironment, Inc. (NASDAQ:AVAV) today announced it has received an order from the U.S. Army for the company’s Mantis™ i23 gimbaled sensor payloads to continue upgrading the Army’s fleet of RQ-11B Raven unmanned aircraft systems (UAS). AeroVironment, which develops and produces advanced upgrades for its highly integrated UAS, such as Raven, was selected as the result of a competitive bid.   -> View More

Source: AeroVironment Inc. • Includes largest order to date for Switchblade tactical missile systems; exceeds value of all Switchblade orders for prior year
• Switchblade proving to be “an invaluable tool” in the field

MONROVIA, Calif., Sept. 9, 2013 – AeroVironment, Inc. (NASDAQ:AVAV) today announced it has received orders valued at $36,746,304 under a contract for Switchblade™ tactical missile systems, ancillary equipment and support. The United States Army Close Combat Weapons Systems Program Executive Office Missiles and Space (PEO MS) awarded these contract modifications. AeroVironment and its strategic teammate for advanced warheads, ATK (NYSE: ATK), will work together to produce and deliver the systems.   -> View More

Source: AeroVironment Inc. • Continued acquisition of new capability in constrained budget environment indicates high value and potential for further demand

MONROVIA, Calif., Aug. 28, 2013 -- AeroVironment, Inc. (NASDAQ:AVAV) announced that it has received a total of $15.8 million in orders under a contract for Switchblade™ tactical missile systems, ancillary equipment and support. The United States Army Close Combat Weapons Systems Program Executive Office Missiles and Space (PEO MS) awarded these contract options. AeroVironment and its strategic teammate for advanced warheads, ATK (NYSE: ATK), will continue to work together to produce and deliver the systems.   -> View More

Source: AeroVironment Inc. • Fourth and final order received for fiscal 2012 contract with total value of $59.6 million
• AeroVironment’s Mantis™ gimbaled sensor payloads dramatically improve troops’ capabilities as integrated element of Raven unmanned aircraft system

MONROVIA, Calif., Aug. 14, 2013– AeroVironment, Inc. (NASDAQ:AVAV) today announced that on August 13, 2013 the company received a $13,487,240 order from the United States Army. The order – the final portion of a contract valued at $59.6 million – includes RQ-11B Raven unmanned aircraft systems (UAS), miniature gimbaled payloads and initial spares packages, and is funded from the Army’s fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by September 15, 2013.   -> View More

Source: AeroVironment Inc. • Groundbreaking development in the evolution of small unmanned aircraft systems; advanced solar cells increase hand-launched Puma AE™ endurance by 350 percent
• Far-reaching implications for small UAS utility in military, public safety and commercial uses
• Alta Devices cutting-edge mobile power technology produces ample power with minimal added weight

WASHINGTON, At AUVSI, Aug. 12, 2013 – AeroVironment, Inc. (NASDAQ:AVAV) today announced that a recent outdoor test flight of a solar-powered prototype version of the company’s proven Puma AE™ small unmanned aircraft system (UAS), operating with the company’s newest long-endurance battery, lasted 9 hours, 11 minutes – significantly longer than the flight endurance of small UAS being used in the field today.   -> View More

Source: AeroVironment Inc. • Seasoned Fortune 500 company legal executive with national security, international, engineering and energy markets expertise

MONROVIA, Calif., Aug. 7, 2013 – AeroVironment, Inc. (NASDAQ:AVAV) today announced that Douglas E. Scott has joined the company as senior vice president and general counsel.   -> View More

Source: AeroVironment Inc. • Puma is first-ever hand-launched unmanned aircraft system to be approved by FAA for commercial missions
• First-of-its-kind Restricted Category type rating permits commercial missions

MONROVIA, Calif., July 26, 2013 – AeroVironment, Inc. (NASDAQ:AVAV) today announced that on July 19, 2013 it received a “Restricted Category” rating for its Puma AE™ small unmanned aircraft system from the Federal Aviation Administration. The first-of-its-kind certificate permits operators to fly Puma for commercial missions, such as oil spill monitoring and ocean surveys, in the North Slope region of the Arctic.   -> View More

Source: AeroVironment Inc. • Experienced director with consumer, industrial and finance background
• Seasoned executive with deep management, functional and operational experience

MONROVIA, Calif., April 26, 2013– AeroVironment, Inc. (NASDAQ:AVAV) today announced that Stephen F. Page has been appointed to its board of directors, effective April 24, 2013. Page was also appointed to the board’s Audit Committee.   -> View More

Source: AeroVironment Inc. • Third order received since May 2012 for total of $46.1 million against projected $65.5 million contract action
• Procurement represents continued progress toward U.S. Army’s acquisition objective for Raven systems

MONROVIA, Calif., April 10, 2013– AeroVironment, Inc. (NASDAQ:AVAV) today announced it received $13,800,062 of incremental funding on March 30, 2013 from the United States Army for continued performance of a contract action with a not to exceed value of $65,538,759. The order includes RQ-11B Raven systems, new miniature gimbaled payloads and initial spares packages, and is funded from the Army’s fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by July 25, 2013.   -> View More

Source: AeroVironment Inc. • Largest order to date for newest AeroVironment small unmanned aircraft system
• Provides upgraded capabilities to lowest echelon of Marine Corps

MONROVIA, Calif., Jan. 23, 2013 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced that NAVAIR's Program Office for Navy & Marine Corps Small Tactical Unmanned Aircraft Systems (PMA-263), working collaboratively with the United States Army's Counter-IED Program Office, awarded a contract on Sept. 21, 2012 for AeroVironment Wasp® AE small unmanned aircraft systems, initial spares packages, training services, and one year of contractor logistics support. The PMA / Army team worked jointly to award the contract to PAR® Government Systems Corporation, which in turn secured the systems and services from AeroVironment for a total value of $12,032,430. Delivery was scheduled to occur within four months of contract award.   -> View More

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