Press Releases

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Source: AeroVironment Inc. • Indefinite Delivery/Indefinite Quantity contract valued at up to $248 million supports small UAS requirements through December 2017
• Contract supports continued procurement and support of small unmanned aircraft systems for Army

MONROVIA, Calif., Jan. 8, 2013 -- AeroVironment, Inc. (NASDAQ: AVAV) announced that the United States Army has selected it and four other companies to compete for future small UAS requirements under a new Firm Fixed-Price Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $248 million maximum value. The contract will enable the continued procurement of AeroVironment's RQ-11B Raven and RQ-20A Puma AE systems as well as competing medium- and long-range small unmanned aircraft systems.   -> View More

Source: AeroVironment Inc.

• AeroVironment™ secures exclusive rights to distribute larger, higher flying, longer endurance vertical takeoff and landing (VTOL) unmanned aircraft system (UAS) in United States, NATO and other countries
• AeroVironment will invest up to $3 million in CybAero convertible notes
• Agreement expands AeroVironment family of unmanned aircraft systems capabilities beyond hand-launched category to address market requirements

MONROVIA, Calif., Dec. 3, 2012 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced it has entered into a strategic relationship with Sweden-based CybAero AB (NASDAQOMXS: CBA) to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United States customers and to government customers in NATO and other countries. AeroVironment has agreed to purchase up to $3 million in convertible notes from CybAero to facilitate the company's growth.

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Source: AeroVironment Inc. • Total projected value of contract action is $65.9 million; $32.3 million in funding for orders received to date
• Payload integrates an electro-optical and infrared video sensor for improved tracking capabilities
• Modular payload compatible with existing RavenⓇ systems

MONROVIA, Calif., Sept. 5, 2012 -- AeroVironment, Inc. (NASDAQ:AVAV) today announced it received $16,472,298 in additional funding to perform on Aug. 10, 2012 from the United States Army under a contract action with a total projected value of $65,889,191. The company announced the initial $15.8 million funding of that contract action on June 1, 2012. The overall contract action 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 June 30, 2013.   -> View More

Source: AeroVironment Inc. • $9.6 million contract awarded by Danish Acquisition and Logistics Organization following competitive review
• Follows first $2.4 million Danish Army order for Raven B systems in 2007

PARIS, at Eurosatory, June 12, 2012 -- The Danish Acquisition and Logistics Organization today announced at Eurosatory it has awarded AeroVironment (NASDAQ:AVAV) a firm fixed-price order of $9.6 million to supply the Danish Armed Forces with the company's Puma AE® small unmanned aircraft systems (UAS). AeroVironment was selected following a competitive evaluation.   -> View More

Source: AeroVironment Inc. • Swedish Army adopts "Family of Systems" approach with AeroVironment small unmanned aircraft systems (UAS)
• Adds to more than one dozen international customers for AeroVironment small UAS

PARIS, At Eurosatory, June 11, 2012 -- AeroVironment (NASDAQ: AVAV) has received a firm fixed-price order for 12 hybrid small unmanned aircraft systems (UAS) from the Swedish Defence Materiel Administration (Färsvarets Materielverk) on behalf of the Swedish Army.   -> View More

Source: AeroVironment Inc. • Total projected value of contract action is $65.9 million
• Includes first order for miniature gimbaled payload integrating an electro-optical and infrared video sensor for improved tracking capabilities
• Modular payload compatible with existing Raven® systems

MONROVIA, Calif., June 1, 2012 -- AeroVironment, Inc. (NASDAQ:AVAV) today announced it received a $15,813,406 firm fixed-price authorization to perform on May 22, 2012 from the United States Army as the initial portion of a contract action with a total projected value of $65,889,191. 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 April 30, 2013.   -> View More

Source: AeroVironment Inc. • Small unmanned aircraft systems to demonstrate broadband network and long distance communications link for the FCC Deployable Aerial Communications Architecture Notice of Inquiry proceeding
• Multiple demonstrations planned using AeroVironment's Digital Data Link and off-the-shelf communications payloads

MONROVIA, Calif., May 24, 2012 -- AeroVironment (NASDAQ: AVAV) today announced it will employ its small unmanned aircraft systems (UAS) to demonstrate aerial communications capabilities for the Federal Communications Commission's Deployable Aerial Communications Architecture (DACA) Notice of Inquiry (NOI) proceeding. The DACA NOI is examining the ability to re-establish communications rapidly using aerial platform technology following a natural or man-made disaster that renders existing communications networks unusable.   -> View More

Source: AeroVironment Inc. • Order definitizes previously announced Switchblade Agile Munition Systems and services contract
• Adds to prior $4.9 million order for a total value of $10 million

MONROVIA, Calif., May 23, 2012 -- AeroVironment, Inc. (NASDAQ: AVAV) announced it received a contract modification effective March 20, 2012 from the U.S. Army Close Combat Weapons Systems (CCWS), Program Executive Office Missiles and Space (PEO MS). The $5,108,160 modification to the existing contract includes engineering services, operational Switchblade systems and operator training. AeroVironment will work with ATK (NYSE: ATK), its munition subcontractor, to produce and deliver the systems.   -> View More

Source: AeroVironment Inc. • Next generation Wasp system adds all environment, enhanced payload and digital data link capabilities
• U.S. Air Force accepts Wasp AE for BATMAV Program, places $2.5 million order

TAMPA, Fla., At SOFIC, May 22, 2012 -- AeroVironment (NASDAQ: AVAV) today introduced the Wasp AE™ small unmanned aircraft system and announced that it has been accepted by the U.S. Air Force for inclusion in its Battlefield Air Targeting Micro Air Vehicle (BATMAV) program. Inclusion into the BATMAV program enabled the Air Force to place an order for Wasp AE systems valued at $2,447,949.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., April 30, 2012 -- AeroVironment, Inc. (NASDAQ:AVAV) announced it received a firm fixed-price order valued at $3,653,519 on March 15, 2012 from the United States Marine Corps through an existing U.S. Army contract. The order includes RQ-11B Raven™ small unmanned aircraft systems and initial spares packages. The systems and spares were scheduled for delivery before April 17, 2012.   -> View More

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