U.S. Marine Corps Places $3.6 Million Order for AeroVironment RQ-11B Raven Small Unmanned Aircraft Systems

April 30, 2012

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.

"The Raven system remains the cornerstone small UAS capability for the Marines and other military services, providing proven, reliable frontline situational awareness, anywhere and at any time," said Tom Herring, AeroVironment senior vice president and general manager, Unmanned Aircraft Systems.

The RQ-11B Raven unmanned aircraft system is a 4.2-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. 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 militaries, government agencies, businesses and consumers. 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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Mark Boyer
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