AeroVironment Receives $20 Million U.S. Army Order for RQ-11B Raven Unmanned Aircraft System Gimbaled Sensor Payloads

October 02, 2013

AeroVironment Receives $20 Million U.S. Army Order for RQ-11B Raven Unmanned Aircraft System Gimbaled Sensor Payloads

  • 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.

The multi-axis pan, tilt and zoom sensor payload enhances the capability of RQ-11B Raven UAS operated by the U.S. Army. U.S. government fiscal 2013 appropriations provided funding for the $19,984,999 order under an indefinite delivery/indefinite quantity (ID/IQ) contract awarded in December 2012, and delivery is scheduled within 12 months.

“Since delivering the first Raven system to the Army nearly ten years ago, we have remained relentlessly focused on ensuring that our customers have the most capable, reliable and effective tactical UAS available,” said Roy Minson, AeroVironment senior vice president and general manager of the company’s UAS business segment. “The Army’s Raven system, with AeroVironment’s rugged gimbaled sensor payload and the recent digital data link upgrade of its entire fleet, is a modern tool for gaining superiority on the battlefield.”

The U.S. Department of Defense reports there are currently more than 5,000 Raven air vehicles in the field, making it the most prolific unmanned aircraft system in its fleet. Raven systems have helped save countless lives in high-risk operating environments, and they continue to help protect U.S. troops and a growing number of allied military forces.

The RQ-11B Raven unmanned aircraft system is a 4.5-pound, backpackable, hand-launched sensor platform that provides day and night, real-time video imagery wirelessly to a portable ground control station for "over the hill" and "around the corner" reconnaissance, surveillance and target acquisition in support of tactical units. Raven systems now come equipped with AeroVironment’s fully stabilized Mantis gimbaled payload, incorporating electro-optical and infrared video sensors and a laser illuminator. U.S. armed forces use Raven systems extensively for missions such as base security, route reconnaissance, mission planning and force protection. Each Raven system typically consists of three aircraft, two ground control stations and spares.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com.


Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.


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