United States Army Awards $12 Million Contract for AeroVironment Wasp AE Small Unmanned Aircraft Systems on Behalf of United States Marine Corps

January 23, 2013
  • 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.

"We introduced the Wasp AE in May of 2012 with the expectation that multiple customers would find its capabilities very compelling," said Roy Minson, AeroVironment senior vice president and general manager of its Unmanned Aircraft Systems business segment. "These contracts supporting the United States Marine Corps expand the adoption of Wasp AE beyond the Air Force, and support our view that this highly capable successor to the proven Wasp III system will help our customers operate more safely and effectively."

Wasp AE incorporates the smallest of AeroVironment's Mantis™ suite of miniature gimbaled payloads, the 275 gram Mantis i22 AE, giving operators both color and infrared video imagery from a single sensor package. Weighing 2.8 pounds (1.3 kilograms), the Wasp AE air vehicle is designed for ground and water landing, making it suitable for both land and maritime missions, and is capable of 20 percent greater flight duration than the Wasp III.


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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Mark Boyer
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