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AeroVironment Introduces Shrike Vertical Take-off And Landing (VTOL) Unmanned Aircraft System

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August 30 2011


• Adds VTOL, hover, perch and stare capability to battle-proven family of small unmanned aircraft systems (Raven, Wasp, Puma AE)
• Enables frontline military and non-military missions requiring vertical launches and landings without additional infrastructure
• Operated by AeroVironment's common Ground Control System to ensure ease of use and acceptance
• Result of more than four years of DARPA-funded research and development to create a portable, stealthy, persistent perch and stare capability

MONROVIA, Calif., Aug. 30, 2011 -- AeroVironment, Inc. (NASDAQ:AVAV) today introduced its lightweight and man-portable Shrike VTOL™ unmanned aircraft system.

In August 2008 AeroVironment announced the receipt of a contract from DARPA (the Defense Advanced Research Projects Agency) to develop a portable, stealthy, persistent perch and stare (SP2S) unmanned aircraft system. Shrike VTOL represents the conclusion of this development effort.

"With more than four years of customer funding behind it, our new Shrike VTOL unmanned aircraft system is designed to address the need for a small, light-weight hovering aircraft that delivers unique surveillance and intelligence capability not provided by current solutions. Not only does Shrike VTOL hover for more than 40 minutes with a high resolution video camera, but its innovative design also allows for the transmission of several hours of live video as a remotely emplaced perch and stare sensor," said Tom Herring, senior vice president and general manager of AeroVironment's UAS business segment. "This new solution adds an important set of new capabilities to our existing and battle-proven family of small unmanned aircraft systems that are saving lives in theater today."

Herring said the Shrike VTOL system delivers the superior imagery, endurance and encrypted video found in all AeroVironment small unmanned aircraft systems. Operating quietly enough to go virtually undetected, Shrike weighs approximately five pounds and is small enough to fit in a backpack.

About AeroVironment's Family of Small UAS

Raven®, Wasp and Puma comprise AeroVironment's Family of Small Unmanned Aircraft Systems. Operating with a common ground control system (GCS), this Family of Systems provides increased capability to the warfighter that can give ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units. AeroVironment's UAS logistics operation supports systems deployed worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement small unmanned air vehicles. International purchasers of AeroVironment's small UAS include the armed forces of Italy, Denmark, the Netherlands, Spain, France, Norway, the Czech Republic, Thailand and Australia.


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About AeroVironment, Inc. (AV)
AeroVironment is a technology solutions provider that designs, develops, produces and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and electric transportation solutions. Agencies of the U.S. Department of Defense and allied military services use the company?s electric-powered, hand-launched unmanned aircraft systems extensively to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and communication. Multiple government agencies have helped to fund the development and demonstration of Global Observer, a hybrid-electric, stratospheric UAS designed to provide affordable, persistent reconnaissance and communication over any location on the globe. Switchblade is a loitering munition designed to provide a rapid, lethal, pinpoint precision strike capability with minimal collateral damage. AeroVironment?s electric transportation solutions include a comprehensive suite of electric vehicle (EV) charging systems, installation and data services for consumers, automakers, utilities and government agencies, power cycling and test systems for EV developers and industrial electric vehicle charging systems for commercial fleets.

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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