Rss Feeds
Stay Informed
Join our EV Solutions NewsletterPress Releases
Power Technology Industry Executive Wahid Nawabi Joins AeroVironment as Senior Vice President and General Manager of Efficient Energy Systems Business Segment
• Senior Vice President Mike Bissonette Transitions to Deputy General Manager
• Bissonette will Focus on Enhancing Operational Performance
MONROVIA, Calif. – Dec. 13, 2011 – AeroVironment, Inc. (NASDAQ: AVAV) today announced that Wahid Nawabi, an experienced executive from the power technology industry, has joined the company as senior vice president and general manager of its Efficient Energy Systems (EES) business segment. AeroVironment’s board of directors approved Nawabi’s appointment as an officer of the company, effective immediately.
AeroVironment Introduces the Qube Small Unmanned Aircraft System for Public Safety Professionals; Announces Test and Evaluation Program
• First solution tailored to law enforcement, first response and other public safety missions from the leading supplier of small unmanned aircraft systems (UAS)
• Based on proven small UAS experience with hundreds of thousands of operating hours supporting U.S. and allied armed forces
• Will be made available to select public safety agencies for testing and evaluation
MONROVIA, Calif., Oct. 27, 2011 – AeroVironment, Inc. (NASDAQ: AVAV) today introduced the QubeTM portable UAS for use in public safety applications such as law enforcement and first response. Small enough to fit easily in the trunk of a car, the Qube system can be unpacked, assembled and ready for flight in less than five minutes, giving the operator a rapidly deployable eye in the sky at a fraction of the cost of manned aircraft.
AeroVironment Receives $7.3 Million Order for Puma Unmanned Aircraft System Support Services
MONROVIA, Calif., Oct. 20, 2011—AeroVironment, Inc. (NASDAQ:AVAV) today announced that it has received a $7,298,530 cost-plus-fixed-fee contract from the United States Army. This contract establishes a not-to-exceed amount for digital Puma® All Environment (AE) unmanned aircraft systems (UAS) contractor logistics support services in support of a Joint Urgent Operational Need Statement. The services are scheduled to be provided within the next 12 months.
AeroVironment Receives $6.9 Million Order from United States Air Force for Raven Unmanned Aircraft Systems
• Air Force to equip Security Forces with Raven systems
• Initial order supports training in preparation for broader deployment
MONROVIA, Calif., Sept 27, 2011—AeroVironment, Inc. (NASDAQ:AVAV) today announced that it received a $6,874,175 firm-fixed-price order from the U.S. Air Force under an existing contract with the U.S. Army. The order comprises new digital Raven® small unmanned aircraft systems (UAS) and initial spares packages. The systems and spares packages are scheduled for delivery within the next several months.
AeroVironment Completes First Electric Vehicle Commercial Charging Station Installations in Hawaii
• Newly-installed electric vehicle charging stations at the Marriott Waikiki help address growing demand for sustainable tourism
• Upcoming installations planned for Embassy Suites Waikiki Beach Walk and OHANA Waikiki East in Honolulu, Wailea Beach Marriott on Maui
• Solutions tailored for commercial, residential, recreational and transportation parking locations
AeroVironment Receives $16 Million Order for Raven Unmanned Aircraft Systems Contractor Logistics Support
MONROVIA, Calif., Sept. 8, 2011—AeroVironment, Inc. (NASDAQ:AVAV) today announced that it received a $15,909,962 cost-plus-fixed-fee contract order on September 1, 2011, under an existing contract with the U.S. Army. The order comprises Army contractor logistics support for Raven systems. The logistics support services are scheduled to be delivered within the next several months.
U.S. Army Awards AeroVironment $4.9 Million Contract for Switchblade Agile Munition Systems and Services
• New, flexible capability for rapid response, high-precision low collateral damage strike is the result of years of development and testing
MONROVIA, Calif., Sept. 1, 2011—AeroVironment, Inc. (NASDAQ: AVAV) announced that it received a contract on June 29 from the U.S. Army Close Combat Weapons Systems (CCWS), Program Executive Office Missiles and Space (PEO MS). The $4,907,840 contract for the Switchblade agile munition includes engineering services and operational systems for deployment with the U.S. Army.
AeroVironment Introduces Shrike Vertical Take-off And Landing (VTOL) Unmanned Aircraft System
· 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.
Oregon DOT Selects AeroVironment for Electric Vehicle Chargers
22 fast-chargers will be sited throughout northwest Oregon
SALEM, Ore. — The Oregon Department of Transportation (ODOT) has selected AeroVironment (NASDAQ: AVAV) to supply, install, operate and maintain twenty-two (22) electric vehicle (EV) fast-charging stations along major transportation corridors and travel destinations in northwest Oregon. Site review and selection is commencing and construction is scheduled to be complete by December 2012. Funding for the project came from a $2 million U.S. Department of Transportation TIGER II (Transportation Investment Generating Economic Recovery) grant.
AeroVironment Receives $65 Million Order for Digital Puma Unmanned Aircraft Systems
WASHINGTON, Aug. 16, 2011, at the Association for Unmanned Vehicle Systems International (AUVSI) North America Conference - AeroVironment, Inc. (NASDAQ:AVAV) today announced that it received a firm-fixed-price contract delivery order valued at $65,532,394 for new digital Puma™ All Environment (AE) unmanned aircraft systems (UAS) and initial spares packages. The items were procured through the existing United States Special Operations Command (USSOCOM) All Environment Capable Variant (AECV) indefinite delivery/indefinite quantity (IDIQ) contract. Deliveries are scheduled to be completed over the next several months.
Washington Selects AeroVironment to Light Up Nation’s First Electric Highway
Electric vehicle charging stations coming to I-5 and US 2 in next six months
OLYMPIA, Wash. – Within six months, drivers will be recharging their electric vehicles, like the Nissan LEAF and Chevrolet Volt, along Washington’s Electric Highways. The Washington State Department of Transportation (WSDOT) selected Monrovia, Calif.-based AeroVironment (NASDAQ: AVAV) to transform Interstate 5 and US 2 into the premier interstates of the 21st century, serving the latest generation of electric cars.
AeroVironment Achieves UL Certification for Full Line of Electric Vehicle Charging Systems to Address Nation’s EV Infrastructure Needs
MONROVIA, Calif., July 11, 2011 – AeroVironment (NASDAQ: AVAV) today announced that with the recent certification of its EV fast charging system, it now has received certification and listing from the Underwriters Laboratories (UL) for six groundbreaking electric vehicle (EV) charging systems, a significant milestone for the expanding EV industry. UL is one of the most widely recognized independent product safety certification organizations in the world.
Oregon Department of Transportation Selects AeroVironment to Build First Phase of West Coast "Green Highway" Along Interstate 5
- AeroVironment to select locations and install its Level 3 Fast Charging Stations along I-5 Corridor from the California state line to the Willamette Valley.
- Drivers will be able to charge their electric vehicles in minutes as they travel along a key Oregon highway.
MONROVIA, Calif., June 1, 2011 – AeroVironment, Inc. (NASDAQ: AVAV) today announced that it has been selected by the Oregon Department of Transportation (ODoT) to install its high-power Level 3 electric vehicle (EV) fast charging stations along the I-5 corridor from the California state line to the Willamette Valley. This is the beginning of the “Green Highway” a vision for safe and consistent charging infrastructure spanning the West Coast, allowing EV drivers to travel with confidence from San Diego to Vancouver, B.C.
AeroVironment Receives $8.4 Million Order for Digital Raven® Systems
U.S. Army continues Raven® system procurement toward total acquisition objective of 2,358 systems
Raven described as most accessible, responsive and field expedient UAV and ISR instrument in recent article
MONROVIA, Calif., May 24, 2011—AeroVironment, Inc. (NASDAQ:AVAV) today announced that it received a firm-fixed-price contract order valued at $8,373,995 under a follow-on contract with the U.S. Army. The order comprises new digital Raven® small unmanned aircraft systems (SUAS) and initial spares packages.
BMW Group Selects AeroVironment To Provide Electric Vehicle Charging Solution For BMW ActiveE Introduction in Major U.S. Cities
AeroVironment to provide home charging system, installation and warranty to BMW drivers, as well as full BMW dealer support
AeroVironment EVSE-RS charger to fully charge ActiveE within four to five hours from fully discharged state
TXU Energy and City of McKinney Launch Public Electric Vehicle Charging Network
AeroVironment partners with TXU Energy to provide multiple charging stations for electric vehicle drivers in McKinney, Texas
TXU Energy funds the purchase and installation of AeroVironments UL listed EVSE-CS
McKinney, Texas, May 16, 2011 AeroVironment, Inc. (NASDAQ: AVAV) announced today that it has been selected by TXU Energy to deploy electric vehicle (EV) charging stations to support a public charging network in the Dallas Metro-plex area beginning with a historic installation in the City of McKinney. TXU Energy CEO Jim Burke and the mayor of McKinney, Brian Loughmiller announced the new charging network at an event in front of the McKinney Public Library where the first of four charging stations was installed.
AeroVironment, Inc. Receives $11.5 Million Order for Digital Puma Systems and Training Service
Puma demonstrating effectiveness in theater
Order includes systems, initial spares and training services
MONROVIA, Calif., April 21, 2011—AeroVironment, Inc. (NASDAQ:AVAV) today announced that it received a firm-fixed-price contract delivery order valued at $11,500,000 for new digital Puma All Environment (AE) unmanned aircraft systems (UAS), initial spares packages and training services on April 11, 2011. The items were procured under the existing United States Special Operations Command (USSOCOM) All Environment Capable Variant (AECV) indefinite delivery/indefinite quantity (IDIQ) contract. Deliveries are scheduled to be completed over the next several months.
AeroVironment, Inc. Receives $14.8 Million Order for Digital Raven® Retrofit Kits
MONROVIA, Calif., April 12, 2011—AeroVironment, Inc. (NASDAQ:AVAV) announced that it received a firm-fixed-price contract order valued at $14,773,816 under an existing contract with the U.S. Army. The order comprises digital Raven® small unmanned aircraft systems (UAS) retrofit kits. Work is scheduled to be completed by December 2011.
NRG Energy Selects AeroVironment to Expand eVgoSM Electric Vehicle Charging Ecosystem to Dallas/Fort Worth Area
AeroVironment to provide comprehensive EV charging solution to support Dallas/Fort Worth EV drivers
First fast charging station in Texas to be unveiled today
NRG Energy and AeroVironment plan to install 70 Freedom Stations in the Dallas/Fort Worth area by the end of 2012
DALLAS, April 8, 2011 AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that it has joined forces with NRG Energy, Inc. (NYSE: NRG) to expand the privately funded, comprehensive eVgoSM electric vehicle (EV) charging ecosystem launched first in Houston to EV drivers in the Dallas/Fort Worth (DFW) market, the fourth-largest metropolitan area by population in America. The ecosystem is an integrated network of charging products, services and payment plans that helps make EVs practical for drivers. NRG selected AeroVironment to provide home and public charging systems, installation services, energy usage monitoring and payment and subscription solutions in support of the Houston and DFW ecosystems. The companies plan to inaugurate the DFW expansion today at a ribbon-cutting event in Dallas hosted by NRGs president and CEO David Crane and featuring AeroVironments chairman and CEO Tim Conver.
AeroVironment Global Observer Experiences Mishap During Extended Duration Flight Testing
No injuries or damage to other property reported during envelope expansion flight testing
Investigation Board will be convened to probe cause and provide details of mishap
MONROVIA, Calif., April 1, 2011—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that the Global Observer unmanned air vehicle undergoing flight test envelope expansion at Edwards Air Force Base (EAFB) in California experienced a mishap at 2:30 am Pacific Daylight Time today, approximately 18 hours into its ninth test flight. There are no reports of injury or damage to other property.
State of Hawaii Selects AeroVironment to Deploy up to 320 Public Electric Vehicle Charging Docks in Support of Clean Energy Goal
AV to partner with Hawaiian Electric Company, University of Hawaii at Manoa and Hawaii Automobile Dealers Association
Program includes deploying electric vehicle infrastructure statewide, collecting and analyzing charging data to study impact on electricity distribution and providing public outreach and educational programs to promote EV growth
HONOLULU, First Hawaiian International Auto Show, March 18, 2011 Hawaii Lt. Governor Brian Schatz today announced that AeroVironment (NASDAQ: AVAV) has been selected to help lead the way to a cleaner transportation future through an $820,000 contract from the Hawaii EV Ready Grants Program. The contract will fund the deployment of up to 320 AeroVironment 240-volt electric vehicle (EV) charging docks throughout the islands. Once deployment is completed, Hawaii will have one of the nations first statewide public charging networks supporting electric vehicle drivers.
AeroVironment Develops World’s First Fully Operational Life-Size Hummingbird-Like Unmanned Aircraft for DARPA
• Two-wing, Flapping Aircraft Hovers and Flies in Any Direction
• Total Weight of Two-thirds of an Ounce Includes Batteries and Video Camera
WASHINGTON, at AAAS Conference, Feb. 17, 2011 – AeroVironment, Inc. (AV)(NASDAQ: AVAV) today announced it has accomplished a technical milestone never before achieved—controlled precision hovering and fast-forward flight of a two-wing, flapping wing aircraft that carries its own energy source, and uses only the flapping wings for propulsion and control.
AeroVironment Begins Shipment and Completes First Installations of Residential Smart Charging Systems
• Chargers wirelessly communicate with grid to create “smart refueling” hubs
• Open architecture ensures interoperability with utility systems nationwide
MONROVIA, Calif., Feb. 14, 2011 – AeroVironment (NASDAQ: AVAV) today announced that it has begun shipping and installing its UL-listed single-family and multi-unit residential Smart Charging Dock (model EVSE-RS+). Designed with an open architecture to ensure interoperability with the thousands of individual utilities nationwide, the grid-connected system charges electric and plug-in electric hybrid cars by turning drivers’ homes into convenient, smart refueling hubs.
Milbank Manufacturing Selects AV’s Electric Vehicle Charging Solutions for National Distribution
Milbank Manufacturing Selects AeroVironment’s Electric Vehicle Charging Solutions for National Distribution Program to Expand Charging Infrastructure
• Partnership extends EV charging infrastructure throughout the United States
• Provides access to AeroVironment EV charging solutions for major home improvement retailers serviced by Milbank
• Distribution network agreement includes formal training program for electrical contractors installing AeroVironment’s products
SAN DIEGO, Calif., DistribuTECH, Feb. 1, 2011 — Milbank Manufacturing Co. of Kansas City, Mo., announced today that it has selected AeroVironment, Inc. (AV)(NASDAQ: AVAV) of Monrovia, Calif., to provide AV’s electric vehicle (EV) charging stations to its customers – including utilities, developers, contractors, businesses, and consumers – through Milbank’s nationwide distribution network. The partnership enhances Milbank’s PowerGen™ line of renewable power solutions and furthers the expansion of EV charging infrastructure throughout the United States.
AeroVironment Receives $7.8 Million Order for Raven UAS Digital Module Upgrade Kits
MONROVIA, Calif., Jan. 31, 2011—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that it received a firm fixed-price order valued at $7,800,003 under an existing contract with the U.S. Army on January 25, 2011. The order comprises 919 digital module upgrade kits for the U.S. Marine Corps. The upgrade kits allow digital Raven unmanned aircraft systems (UAS) to operate using a different frequency band than provided by the stock configuration. Funding for this order was appropriated for RQ-11B Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009. Work is scheduled to be completed by April 30, 2011.
Global Observer, AeroVironment’s Extreme Endurance Unmanned Aircraft System, Achieves Historic First Hydrogen-Powered Flight
Key Milestone Achieved for System Designed to Provide Persistent Communications and Surveillance at 20% of the Cost of Existing Solutions.
MONROVIA, Calif., Jan. 11, 2011—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that the Global Observer™ unmanned aircraft system has successfully completed its historic first flight powered by the aircraft’s hydrogen-fueled propulsion system at Edwards Air Force Base (EAFB) in California. This milestone marks the beginning of high altitude, long endurance flight testing for the demonstration and operational utility phase of the Joint Capability Technology Demonstration (JCTD) program.
AeroVironment Receives $46.2 Million Order for Raven UAS and Digital Retrofit Kits
MONROVIA, Calif., December 28, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced today that it received an order valued at $46,226,984 under an existing contract with the U.S. Army. The order comprises 123 new digital Raven® small unmanned aircraft systems (UAS) and initial spares packages as well as 186 digital retrofit kits for the U.S. Marine Corps. The order also includes 339 digital retrofit kits for the U.S. Army. The Raven system and retrofit order represents the remainder of the funds appropriated for RQ-11B Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009.
AeroVironment Receives $4.9 Million Order from the Norwegian Defence Logistics Organisation for Raven Unmanned Aircraft Systems and Services
MONROVIA, Calif., Dec. 8, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced it received an order valued at $4,862,674 under a contract with the Norwegian Defence Logistics Organisation (NDLO). The order comprises new Raven® small unmanned aircraft systems (UAS), spares, training services and logistics support. Delivery of the systems is scheduled for early calendar 2011.
NRG Energy Selects AV to Build the Nation’s First Privately-Funded EV Charging “Ecosystem”
AeroVironment will provide comprehensive EV charging solution to support the needs of Houston drivers
HOUSTON, Nov. 18, 2010 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) has joined forces with NRG Energy, Inc. (NYSE: NRG) to bring the first privately funded, comprehensive electric vehicle (EV) charging “ecosystem” to drivers in America’s fourth largest city. The ecosystem is an integrated network of products, services and payment plans that helps make EVs practical for drivers. AV is the exclusive provider of home and public charging systems, installation services, energy usage monitoring and payment and subscription solutions in support of the Houston ecosystem, which can be deployed as a practical, integrated model in cities throughout North America.
AV Receives Frost & Sullivan’s N.A. Customer Service Leadership Award for EV Charging
MONROVIA, Calif., Nov. 4, 2010 – Frost & Sullivan, a global research organization of 1,800 analysts who monitor more than 300 industries and 250,000 companies, has awarded its 2010 North American Customer Service Leadership of the Year Award for Electric Vehicle (EV) Charging Stations to AeroVironment, Inc. (AV) (NASDAQ: AVAV). AV is a Southern California-based technology company whose electric transportation solutions include electric vehicle home charging, public charging and fast charging systems for consumers, automakers, utilities and government agencies.
Criteria Frost & Sullivan used to benchmark AV’s performance against key competitors included quality of service, timeliness of service, impact of service on customer value and cost of service to customers.
AeroVironment Receives $17.2 Million Order for Digital Puma Training and Support
MONROVIA, Calif., Nov. 2, 2010 AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced today that it has received a $17,197,960 cost-plus-fixed-fee letter contract that was previously announced by the United States Army on October 22. This letter contract establishes not-to-exceed amounts for digital Puma® All Environment (AE) unmanned aircraft systems (UAS) contractor logistics support, training and accounting for contract services in support of a Joint Urgent Operational Need Statement entitled “Unmanned Aircraft Systems for Route Clearance.” The services are scheduled to be delivered within the next 12 months.
AeroVironment Receives $7.2 Million Order for Digital Puma Systems and Training Services
WASHINGTON, at AUSA, Oct. 26, 2010 – AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced today that it has received a contract delivery order valued at $7,231,440 for new digital Puma® All Environment (AE) unmanned aircraft systems (UAS) and training services. The items were procured under an existing United States Special Operations Command (USSOCOM) All Environment Capable Variant (AECV) indefinite delivery/indefinite quantity (IDIQ) contract.
AV’s Global Observer Stratospheric Unmanned Aircraft System Completes Initial Flight Testing
AeroVironment’s Global Observer Stratospheric Unmanned Aircraft System
Completes Initial Flight Testing
Demonstration Program Proceeding Toward Hydrogen-Fueled Flight Test Phase
WASHINGTON, at AUSA, Oct. 25, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that the first aircraft developed under the Global Observer™ Joint Capability Technology Demonstration (JCTD) program has successfully completed initial flight testing consisting of multiple low-altitude flights at Edwards Air Force Base (EAFB) in California. This initial flight test phase of the demonstration program employed batteries to power the hybrid-electric aircraft and to approximate full aircraft weight and center of gravity for flight control, performance and responsiveness evaluation.
AeroVironment Home EV Charging Station Receives Underwriters Laboratories Listing
Home Installations Scheduled to Begin This Fall
MONROVIA, Calif., Sept. 9, 2010—AeroVironment (AV) (NASDAQ: AVAV), a provider of charging solutions for every electric vehicle (EV) owner’s needs, has received Underwriters Laboratories (UL) listing for its EV home charging station (EVSE-RS). The home charging station is one component of AV’s complete charging solution, which includes convenience and fast charging systems for multi-unit housing, retail establishments, public locations, fleet operations, automotive dealerships, roadside assistance, and options to interface with the smart grid and smart home.
AeroVironment Receives $35.3 Million Order for Digital Puma Unmanned Aircraft Systems
MONROVIA, Calif., Aug. 31, 2010 – AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced today that it has received a contract delivery order valued at $35,265,662 for digital Puma® All Environment (AE) unmanned aircraft systems (UAS), spares and training services. The equipment and services were procured under the existing USSOCOM All Environment Capable Variant (AECV) indefinite delivery/indefinite quantity (IDIQ) contract. Work is scheduled to be performed within a period of several months.
AeroVironment Hires Joel Hirsch As Vice President Of Strategic Operations
MONROVIA, Calif., Aug. 23, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that former Teledyne and TEAC Aerospace executive Joel Hirsch has joined AeroVironment as vice president of strategic operations. Reporting to AV chairman and chief executive officer Tim Conver, Hirsch’s primary role will be to consolidate and streamline procurement across the enterprise and identify and implement strategic opportunities to improve company-wide operating efficiency.
AeroVironment’s Stratospheric Global Observer Unmanned Aircraft System Makes First Flight
Flight Test Campaign Begins for First Unmanned Aircraft System Developed to Provide Uninterrupted Coverage Over Any Spot on the Globe
EDWARDS AIR FORCE BASE, Calif., Aug. 16, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that the first aircraft developed under the Global Observer™ Joint Capability Technology Demonstration (JCTD) program successfully completed its first flight. On August 5 Global Observer Aircraft 1001 took off from runway 04L at Edwards Air Force Base (EAFB) in California and climbed to an altitude of 4,000 feet where it performed a series of maneuvers before landing successfully one hour later.
Global Observer Unmanned Aircraft System Successfully Completes Wing Load Tests
Key Milestone Achieved in Development and Testing of First Unmanned Aircraft System to Offer Seamless Persistence Without Latitude Restrictions
MONROVIA, Calif. – Aug. 11, 2010 – AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that a full size wing developed as part of the Global Observer™ Joint Capability Technology Demonstration (JCTD) program has successfully completed a series of Wing Load Tests (WLT) in support of the Global Observer flight test program.
AeroVironment, Inc. Statement on Department of Justice Civil Investigation
MONROVIA, Calif., June 25, 2010 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) noted in its Annual Report on Form 10-K filed on June 25, 2010 that it is currently cooperating with an investigation by the Civil Fraud Section of the United States Department of Justice with respect to certain of its billing practices.
AeroVironment’s Global Observer Unmanned Aircraft System Completes Key Ground Tests
Customer-Funded Development Program Proceeding Toward Flight Test Phase of First Unmanned Aircraft System Offering True “Unblinking Eye”
MONROVIA, Calif., May 25, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that the first aircraft developed under the Global Observer™ Joint Capability Technology Demonstration (JCTD) program has successfully completed key ground tests in preparation for flight testing. The joint Department of Defense, NASA and AV team successfully performed ground vibration, structural and taxi tests at Edwards Air Force Base (EAFB) in California. AV developed and fabricated Aircraft 1 in its dedicated manufacturing facility located in Southern California and shipped it to EAFB in December 2009.
AeroVironment Receives $11.2 Million Order for Raven Unmanned Aircraft Systems and Services
AeroVironment Receives $11.2 Million Order for Raven Unmanned Aircraft Systems and Services
MONROVIA, Calif., May 12, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced it received an order valued at $11,198,967 under an existing contract with the U.S. Army. The order comprises 63 new digital Raven® small unmanned aircraft systems (UAS), services supporting the Army’s evaluation of the small UAS Family of Systems concept and additional engineering services.
AeroVironment Hires Roy Minson as VP of Business Development and Deputy General Manager for UAS
AeroVironment Hires Roy Minson as Vice President of Business Development and Deputy General Manager for Unmanned Aircraft Systems
MONROVIA, Calif., April 21, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that Roy Minson, formerly an executive with SAIC and The Boeing Company, has joined AeroVironment as vice president of business development and deputy general manager of its unmanned aircraft systems (UAS) segment.
AeroVironment Announces Resignation of Chief Financial Officer
MONROVIA, Calif., March 31, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced the resignation of Stephen C. Wright from his position as senior vice president and chief financial officer effective March 31, 2010. Wright is leaving AV to pursue other business opportunities.
AeroVironment Names John Grabowsky Chief Technology Officer And Tom Herring Senior Vice President
AeroVironment Names John Grabowsky Chief Technology Officer and Tom Herring Senior Vice President/General Manager, Unmanned Aircraft Systems
MONROVIA, Calif., March 5, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) today appointed Tom Herring as senior vice president and general manager of AV’s Unmanned Aircraft Systems (UAS) business segment and John Grabowsky as AV’s first chief technology officer, a role that will span the company’s UAS and Efficient Energy Systems (EES) business segments. Grabowsky previously served as executive vice president and general manager of UAS.
AeroVironment Receives $37.9 Million In Orders For Digital Raven UAS, Digital Retrofit Kits
AeroVironment Receives $37.9 Million in Orders for Digital Raven Unmanned Aircraft Systems, Digital Retrofit Kits, Support Services
Orders Represent Initial Portion of Raven Funding from United States Department of Defense Fiscal 2010 Budget
MONROVIA, Calif., Feb. 23, 2010—AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that it received firm fixed-price orders valued at $20,731,992 for digital Raven; unmanned aircraft systems (UAS) and digital retrofit kits, and $17,141,648 for Raven system spare parts, repairs and training services for the U.S. Army and Marine Corps. The Raven system and retrofit order represents a portion of the $121 million appropriated for RQ-11 Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009. The balance of government fiscal 2010 procurement funding that is anticipated to be converted into orders is proceeding through the procurement process. Typically the organizations responsible for administering this program retain a portion of approved funding to pay for program expenses and government furnished equipment.
Zero to 80 Percent in 15 minutes: New Benchmark for EV Fast-charging
WASHINGTON, D.C., Jan. 26, 2010 – Electric vehicle manufacturer THINK today announced that it will work with AeroVironment, Inc. (NASDAQ: AVAV) (AV), a leading developer and supplier of electric vehicle charging infrastructure, to pursue demonstration and commercial projects using AV’s level III fast-charge system and the THINK City electric vehicle. The projects will be designed to jump-start the development of fast-charge infrastructure in the United States.
Nissan North America Selects AeroVironment To Install Home-Charging Stations For Nissan Leaf
Agreement part of one-stop shop experience for EV purchase process
DETROIT (Jan. 11, 2010) – Nissan North America (NNA) today announced its selection of AeroVironment (NASDAQ: AVAV) (AV) to supply electric vehicle home-charging stations and installation services supporting the introduction of the zero-emission, all-electric Nissan LEAF later this year.
AeroVironment Receives $23.9 Million Order For Army & Marine Corps Digital Raven Systems And Kits
AeroVironment Receives $23.9 Million Order for Army and Marine Corps Digital Raven Systems and Digital Upgrade Kits
MONROVIA, Calif., Dec. 21, 2009 – AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that it received a $23,926,917 firm fixed-price order under an existing contract. This contract modification comprises digital Raven systems and kits to upgrade existing analog Raven® systems currently being used by the U.S. Army and U.S. Marine Corps with AV’s digital data link.
EnerDel To Deploy AV’s Advanced Electric Vehicle Power Cycling And Test Systems At Indiana Facility
MONROVIA, Calif., Nov. 30, 2009 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that automotive lithium-ion battery maker EnerDel, a subsidiary of Ener1, Inc. (NASDAQ: HEV), will be using a portion of its recent federal stimulus grant to purchase eight AV advanced electric vehicle power cycling and test systems.
AeroVironment’s Raven Small Unmanned Aircraft System Receives Military Aircraft Type-Classification
AeroVironment’s Raven Small Unmanned Aircraft System Receives Military Aircraft Type-Classification Certificate from the Netherlands Military Aviation Authority Certification Permits Operation of Raven in Dutch National Airspace by the Military
MONROVIA, Calif., Nov. 3, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that the Military Aviation Authority of the Netherlands (MLA-NLD) has issued a Military Type Certificate (MTC) for the Raven® B NLD MUAS, the first such certificate issued in the Netherlands in the Micro-Unmanned Aerial Vehicle category. This certificate permits Dutch military personnel to operate Raven systems in designated Dutch airspace.
AeroVironment Awarded U.S. Patent For Electric Vehicle Energy Data Management And Control
Web-based System Solution for Industrial and Passenger Electric Vehicle Battery Optimization
MONROVIA, Calif., Aug. 10, 2009—AeroVironment, Inc. (AV) (NASDAQ: AVAV) has been granted a patent by the United States Patent and Trademark Office for technology that facilitates the optimal charging, management, control and maintenance of battery packs, chargers and electric vehicles (EVs). Patent No. 7,444,192 builds on AV’s intellectual property portfolio in its Efficient Energy Systems business segment. This segment’s products include PosiCharge™ systems, the leading fast charge systems for electric vehicles.
AeroVironment Delivers Near-Megawatt Scale Electric Vehicle Test System to Department of Defense for Advanced Vehicle Testing
Delivery of “AV-800” Marks the Introduction of 800 Kilowatt Testing Solution
MONROVIA, Calif., Aug 4, 2009 – AeroVironment, Inc. (AV) (NASDAQ:AVAV) delivered its first AV-800 , a high-power, heavy-duty, near-megawatt scale electric vehicle (EV) test system to the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) in Warren, Michigan for advanced vehicle testing.
DARPA Awards AeroVironment Phase II Contract Extension for Nano Air Vehicle Development Program
AV Achieves Technical Milestone: Controlled Hovering Flight of NAV UAS with Two Flapping Wings
MONROVIA, Calif., July 1, 2009 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) was awarded a Phase II contract extension in April from the Defense Advanced Research Projects Agency (DARPA) to design and build a flying prototype for the Nano Air Vehicle (NAV) program. As part of this program AV has accomplished a technical milestone never before achieved: the controlled hovering flight of an air vehicle system with two flapping wings that carries its own energy source and uses only the flapping wings for propulsion and control.
AeroVironment Receives Order for Third Global Observer Aircraft under JCTD Program
Option Exercise for Aircraft and Additional Items Builds on Successful Program Milestones, Resulting in Total Program Funding of More Than $120 Million
AeroVironment Unveils EV Solutions at EVS-24
New Portfolio Offers Total Infrastructure Solutions for Practical Use of On-Road Electric Vehicles
AT EVS-24, STAVANGER, NORWAY, May 13, 2009—AeroVironment, Inc. (AV), (NASDAQ: AVAV), joint-developer of the GM Impact, the world’s first modern all-electric car, and the record-setting solar-powered GM Sunraycer, today unveiled its portfolio of EV Solutions for electric vehicles that offers a total infrastructure approach to enable the practical use of on-road electric vehicles.
Mayor Adrian M. Fenty Announces Partnership with Nissan North America and AeroVironment
Washington, D.C. – Mayor Fenty along with District Department of Transportation Director Gabe Klein, other District officials, and senior representatives from leading automotive company, Nissan North America, and AeroVironment, an industry expert in battery and charging systems, announced today a partnership that could bring hundreds of Electric Vehicles (EVs) and charging stations to the District.
AV’s Raven Small UAS Achieves 30-Hour Persistent Surveillance in Demonstration with U.S. Army
MONROVIA, Calif., April 1, 2009 - The U.S. Army Product Manager for Small Unmanned Aircraft Systems (SUAS) and AeroVironment, Inc. (NASDAQ: AVAV) recently conducted a continuous 30-hour demonstration of persistent surveillance of a point target using AV’s RQ-11B Raven® small unmanned aircraft system. The demonstration at Camp Roberts, Calif. followed an inquiry from Pentagon officials regarding the potential for AV’s Raven small UAS to perform low-cost, tactically relevant persistent surveillance.
WhiteWave Foods Enlists PosiCharge™ for Environmentally Friendly Distribution Center
CITY OF INDUSTRY, Calif., Feb. 17, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) announced that WhiteWave Foods Company today unveiled its updated, environmentally friendly distribution center that now features increased productivity and reduced energy solutions from AV’s alliance with Toyota Material Handling, U.S.A. (TMHU). AV and TMHU formed the alliance last year to offer a wide range of PosiCharge product solutions to reduce energy consumption and operating costs for their material handling customers.
AeroVironment Launches Production of Its New Digital Data Link with $16.8 Million Order
MONROVIA, Calif., Feb. 9, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) has received an order from the U.S. Army valued at $16,758,776 for the production of 50 new Raven® (RQ-11B) unmanned aircraft systems (UAS) equipped with AV’s Digital Data Link (DDL). Announced by the U.S. Army on January 22, 2009, this production order was issued under an existing contract and includes initial spares packages and DDL retrofit kits for 206 existing Raven® systems. The introduction of AV’s DDL follows several years of internally funded research and development in addition to a $7.6 million contract awarded in October 2008 for the completion of R&D activities.
AeroVironment Awarded $41.7 Million Contract Option for Raven® Small Unmanned Aircraft Systems and Support Services
MONROVIA, Calif., Feb. 4, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that the U.S. Army has ordered additional RQ-11B Raven® small unmanned aircraft systems (UAS) and associated services for its fiscal year 2009 requirements by the exercise of an option under an existing contract. Each Raven® system typically consists of three aircraft, two ground control stations, and spares. The aggregate order value is $41.7 million and is fully funded.
AeroVironment Unveils New PosiCharge™ Fast Charge and Opportunity Charge Systems and Accessories
CHICAGO, at ProMat, Jan. 12, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), the leading supplier of industrial fast charge systems in North America, today unveiled a series of new PosiCharge™ fast charge systems, accessories and opportunity charge systems for industrial electric vehicles, including the LP Meter, a data collection device that eases the conversion of propane trucks to electric power.
Nestle North America Implements AeroVironment's PosiCharge™ Fast Charge Systems in Distribution and Manufacturing Facilities
CHICAGO, At ProMat, Jan. 12, 2009 - AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that it has installed more than 200 of its PosiCharge fast charge systems at Nestle facilities throughout North America. These fast charge systems support electric material handling fleets in more than 14 Nestle facilities.
Balqon Corporation Installs AeroVironment's PosiCharge® Fast Charge System at Port of Los Angeles to Power Electric Trucks
MONROVIA, Calif., Dec. 18, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that Balqon Corporation (OTC:BLQN), a developer of heavy duty electric trucks, tractors and electric drive systems, has purchased a new high voltage version of AV’s PosiCharge fast charge systems as part of a program to replace internal combustion yard tractors with electric propulsion vehicles at the Port of Los Angeles.
AeroVironment's Raven Small Unmanned Aircraft System Receives Military Aircraft Type-Classification Certificate from the Italian Ministry of Defense
MONROVIA, Calif., Dec. 15, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that the General Directorate for Aircraft Weapon Systems (MoD - Italy) has issued a Military Aircraft Type-Classification Certificate for the Raven B unmanned aircraft system, the first such certificate issued in Italy in the Micro-Unmanned Aerial Vehicle category. This certificate permits Italian military personnel to fly Raven in Italy’s national airspace.
Toyota Material Handling and AeroVironment Announce Alliance to Market PosiCharge® Battery Fast Charge Systems
IRVINE, Calif. - (September 16, 2008) - Toyota Material Handling, U.S.A., Inc. (TMHU), the number one lift truck supplier in the United States, and AeroVironment, Inc. (AV), the number one battery fast charge system manufacturer, have established an alliance to market AV’s PosiCharge fast charge systems. PosiCharge systems are now available through 68 authorized Toyota Industrial Equipment dealers with 190 locations throughout the United States.
AeroVironment Receives $4.6 Million in DARPA Funding to Develop Stealthy, Persistent, Perch and Stare UAS Based on Wasp
MONROVIA, Calif., August 20, 2008 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) announces the receipt of $4.6 million in funding from the Defense Advanced Research Projects Agency (DARPA) to develop a small Unmanned Aircraft System (UAS) capable of performing “hover/perch and stare” missions. The Stealthy, Persistent, Perch and Stare (SP2S) UAS is based on AV’s small Wasp UAS, a one-pound, 29-inch wingspan battery-powered air vehicle that is being procured and deployed by both the U.S. Air Force and the U.S. Marine Corps.
AV's Architectural Wind System Installed at Boston's Logan Airport, Home of 1st LEED-Certified Air Terminal
MONROVIA, Calif., July 22, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has announced that its Architectural Wind system has been installed at Boston’s Logan International Airport Office Center as part of a project commissioned by the Massachusetts Port Authority (Massport). The installation comprises 20 five-bladed wind turbines and ties in with a comprehensive energy management plan that Massport has established for all its facilities.
AeroVironment Awarded U.S. Special Operations Command All Environment Capable Variant Small UAS Contract
MONROVIA, Calif., July 2, 2008 - AeroVironment, Inc. (AV) (NASDAQ; AVAV) today announced the U.S. Special Operations Command (USSOCOM) has selected Puma AE as its All Environment Capable Variant (AECV) solution to the Small Unmanned Aircraft System (UAS) requirement. The one-year Indefinite Delivery Indefinite Quantity (IDIQ) contract, with four one-year options, has a maximum value of $200,000,000, and provides for the purchase of aircraft, ground control systems, spares, repairs and training under a combination firm fixed-price, cost-plus-fixed-fee and cost reimbursable arrangement. The initial delivery order is valued at $6 million and is fully funded.
Netherlands Ministry of Defence Selects AeroVironment's Raven Small UAS
MONROVIA, Calif., May 30, 2008 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that The Netherlands Ministry of Defence, acting through its Defense Materiel Organization (DMO), has awarded AV a contract for RQ-11B (Raven) small unmanned aircraft systems. The order includes new aircraft systems as well as training, logistics support, and airworthiness certification. Each Raven system typically consists of three aircraft, a ground control station, a remote video terminal, system spares, and related services. The total award value is $7.7 million and is fully funded.
DARPA Awards AeroVironment Phase II Contract for Nano Air Vehicle Development
MONROVIA, Calif., May 27, 2008 – AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced it has been awarded a Phase II contract by the Defense Advanced Research Projects Agency (DARPA) to design and build a flying prototype for the Nano Air Vehicle (NAV) program.
AeroVironment Awarded Patents for Architectural Wind® Building-Integrated Energy Generation System
MONROVIA, Calif., April 4, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has been awarded three utility patents and six design patents by the United States Patent and Trademark Office (USPTO) along with 12 European design patents relating to new approaches to renewable energy generation on buildings. The USPTO awarded the patents relating to the incorporation of AV’s Architectural Wind system on rooftops.
AeroVironment Appoints Vice President and General Manager for their Energy Technology Center
MONROVIA, Calif.—AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that Michael Bissonette, formerly assistant general manager of AV’s Energy Technology Center (ETC), has been appointed vice president and general manager of the ETC. Bissonette assumes the role previously occupied by Joseph Edwards, who has stepped down in preparation for his retirement.
AeroVironment Puma Small UAS Achieves Record Flight of Over Nine Hours Using Fuel Cell Battery Hybrid System
MONROVIA, Calif., March 6, 2008 – AeroVironment (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems (UAS) and efficient electric energy systems, today announced that it has flown its Puma small unmanned aircraft for over nine hours, powered by an onboard fuel cell battery hybrid energy storage system. This broke the previous announced Puma flight record of over seven hours. A two-camera payload system provided a live, streaming video feed from the Puma, the largest of AV’s portfolio of small unmanned aircraft systems that also includes Raven and Wasp. The nine-hour flight duration more than triples the duration of Puma’s standard battery-only operation.
AeroVironment Awarded $45.8 Million Contract Option for Raven Small Unmanned Aircraft Systems and Support Services
MONROVIA, Calif., Feb. 7, 2008 – AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Army has ordered additional RQ-11B (Raven) small unmanned aircraft systems (UAS) and associated services by the exercise of an option under an existing contract. Each Raven system typically consists of three aircraft, a ground control station, system spares, and related services. The total award value is $45.8 million and is fully funded.
USAF Approves BATMAV System with AeroVironment’s Wasp III Micro Air Vehicle for Full Rate Production
MONROVIA, Calif., Jan. 3, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the United States Air Force BATMAV (Battlefield Air Targeting Micro Air Vehicle) program has received Milestone C approval and authorization for Full Rate Production. The BATMAV program achieved these two significant milestones under the rigors of the United States Department of Defense 5000 Acquisition process in just over 11 months from contract award. The Air Force selected AV’s Wasp III as the micro air vehicle (MAV) for its BATMAV Program in December 2006.
United States Marine Corps Awards AeroVironment $19.3 Million BATMAV Contract for Wasp III Micro Unmanned Aircraft Systems (UAS)
MONROVIA, Calif., Nov. 20, 2007 – AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Marine Corps has ordered $19.3 million in BATMAV (Battlefield Air Targeting Micro Air Vehicle) systems, each consisting of two Wasp III micro air vehicles, AV’s Advanced Battery Charger, spares and support services. The order followed a successful Marine Corps evaluation of Wasp systems provided by the Defense Advanced Research Projects Agency, or DARPA.
Small Unmanned Air Vehicle Achieves Record Flight Time Using Hybrid Fuel Cell/Battery Energy Storage System
AFRL engineers, in conjunction with Small Business Innovation Research partners AeroVironment (AV), Protonex Technology (PTX) Corporation, and Millennium Cell (MCEL), successfully flight-demonstrated Puma, AV’s hand-launched small unmanned air vehicle (SUAV) that gets its power from a hybrid fuel cell/battery energy storage system. Puma flew for 7+ continuous hours on power supplied by PTX Corporation’s PTX.L fuel cell system. The hybridized proton exchange membrane fuel cell employs a lithium ion battery to provide peak power during takeoff and dash maneuvers; the fuel cell recharges the battery and provides continuous steady-state power for the plane and payload during cruise flight. MCEL provided a fuel cartridge of sodium borohydride (chemical hydride), which provided the fuel necessary for the fuel cell system’s 7-hour, 3-minute flight.
AeroVironment Installs Wind Turbines on Roof of New Kettle Foods Potato Chip Factory
MONROVIA, Calif., Oct. 25, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has installed its Architectural Wind system on the roof of the new Beloit, Wis., manufacturing facility of Kettle Foods, a Salem, Ore.-based producer of all-natural potato chips and other snack foods. The Beloit installation includes 18 wind turbines.
AeroVironment, Altair Nanotechnologies, Go Green Holding and Micro-Vett Announce a Successful, Multiple Fast Charge Demonstration of an All Electric Delivery Vehicle in Oslo, Norway
RENO, Nev.—(BUSINESS WIRE)—October 09, 2007—AeroVironment, Inc. (Nasdaq: AVAV), Altair Nanotechnologies Inc. ‘Altairnano’ (Nasdaq: ALTI), Micro-Vett, SPA and Go Green Holding AS, today jointly announced the successful public demonstrations of the All-Electric Fiat Doblo to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblo, a regular size 5-seat station wagon vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroment’s high voltage, 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers.
AeroVironment Awarded Contract for Development of Global Observer Stratospheric Unmanned Aircraft System
MONROVIA, Calif., Sept. 26, 2007 – AeroVironment, Inc. (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received a contract from the United States Special Operations Command (USSOCOM) for the development and military utility assessment of its Global Observer unmanned aircraft system (UAS). This contract initiates a Joint Capabilities Technology Demonstration, or JCTD. The JCTD is sponsored by multiple U.S. government organizations. The contract calls for the development of up to three Global Observer aircraft over the next three years to demonstrate the ability to operate in the stratosphere for up to 7 days without landing. The basic contract, which will be funded under a cost-plus fixed-fee arrangement, provides for the development and delivery of the initial Global Observer aircraft, and is valued at approximately $57 million. The contract also includes options for the development and delivery of up to two additional Global Observer aircraft, resulting in a potential contract value of $108 million.
AeroVironment Awarded Patent for Core Battery Charging Technology
MONROVIA, Calif., Sept. 18, 2007—AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has been granted a patent by the United States Patent and Trademark Office (USPTO) for a battery charging innovation that enables simultaneous or parallel charging of multiple batteries. The USPTO awarded AV patent No. 7,256,516 titled, “Battery charging system and method,” on August 14.
Building-Integrated 4.8 Kilowatt System Technology Demonstrator Installed on the Adventure Aquarium in Camden, New Jersey
MONROVIA, Calif., September 13, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, announces the first technology demonstration of its building-integrated Architectural Wind system and new AVX400 wind turbine. The wind-turbine system is installed on the Adventure Aquarium in Camden, New Jersey. The project’s stakeholders are the Delaware River Port Authority (DRPA), a bi-state agency of Pennsylvania and New Jersey; the Camden County Board of Freeholders; the State of New Jersey, which owns the building, and Steiner & Associates, the aquarium’s operators.
Danish Army Chooses AeroVironment's Raven Small Unmanned Aircraft System
MONROVIA, Calif., Sept. 11, 2007 – AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received an order to supply the Danish Army Operational Command with RQ 11 B, Raven B small Unmanned Aircraft Systems (UAS). The order includes 12 systems, logistics support and training services, for a total value of $2.4 million. Each Raven B system typically consists of three aircraft, a hand-held ground control station, a remote viewing terminal, systems spares, and related services.
Dr. Paul MacCready, Founder and Former Chairman of AeroVironment, Dies at 81
MONROVIA, Calif., August 29, 2007 - Dr. Paul MacCready, internationally renowned innovator and entrepreneur, founder and former chairman of the board of directors of AeroVironment, Inc., passed away in his sleep on Tuesday, August 28. Dr. MacCready had recently been diagnosed with a serious ailment. His passing occurred less than one week after the 30th anniversary of one of his most notable accomplishments, the record-setting flight of his human powered airplane, the Gossamer Condor.
Tim Conver Elected As New Chairman of AeroVironment; Dr. Paul MacCready Retires as Chairman and Director
MONROVIA, Calif., Aug. 20, 2007—The Board of Directors of AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has unanimously elected Tim Conver as its new chairman of the board. After joining AV’s Board of Directors in the late 1980’s Conver became its president in 1991 and assumed the additional role of chief executive officer shortly thereafter. Conver now assumes the role previously held by Dr. Paul MacCready, who has retired as chairman and director as a result of a recently diagnosed, serious health issue. Mr. Conver’s appointment is effective immediately.
John Kim, Former Ryder Transportation and Logistics Sales Executive, Appointed National Sales Director, PosiCharge®
MONROVIA, Calif.—(BUSINESS WIRE)—Aug. 17, 2007—AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that John Kim, former Ryder Transportation and Logistics Director of National Sales, has joined its PosiCharge Systems management team as Director of Sales.
AeroVironment's New AVX Series Wind Turbine - Wins Two Prestigious International Design Awards
MONROVIA, Calif., August 15, 2007 - AeroVironment, Inc. (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, announced that its new AVX wind turbine - the heart of the company’s Architectural Wind system for generating clean energy - has won two prestigious honors: the Red Dot International Design award and the 2007 Annual Design Review award from I.D., The International Design Magazine.
U.S. Air Force Takes Delivery of BATMAV Micro Unmanned Aircraft Systems from AeroVironment
WASHINGTON, At AUVSI North America, Aug. 6, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Air Force has recently taken delivery of its initial BATMAV micro unmanned aircraft systems (UAS), which include the Wasp III air vehicle, as planned under the Air Force Beyond Line of Site (BLOS) program. AV received the BATMAV, or Battlefield Air Tactical Micro Air Vehicle, award in December 2006 after competing against a number of candidate systems. AV recently received orders for 30 systems through the program’s indefinite delivery/indefinite quantity (IDIQ) contract which provides for purchases of up to $45 million over a period of five years.
Rear Admiral Daniel H. Stone Joins AeroVironment as Vice President of Its Unmanned Aircraft Systems Logistics Operation
MONROVIA, CA., July 25, 2007—AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient energy systems, today announced that U.S. Navy Rear Admiral, Daniel H. Stone, has joined the company as vice president of its Unmanned Aircraft Systems (UAS) logisitics operation. AV’s logistics operation supports all of the company’s globally deployed small UAS, including Raven, Dragon Eye, Wasp and Puma.
AeroVironment Achieves Electric Vehicle Fast Charge Milestone
MONROVIA, Calif.—(BUSINESS WIRE)—May 30, 2007—AeroVironment (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it performed a fast charge demonstration of a lithium chemistry electric vehicle battery pack for representatives of the California Air Resources Board (CARB). The 35kWh (kilowatt-hour) battery pack, developed by Altair Nanotechnologies (NASDAQ:ALTI), is designed for use in the Phoenix Motorcar Sport Utility Truck. This battery pack is designed to allow the truck to travel more than 100 miles on a single charge. The test, conducted by engineers at AV’s Monrovia, California Energy Technology Center, was a milestone in battery fast charging, demonstrating the capability of fully charging the pack in less than ten minutes.
PosiCharge™ Wins Automotive News PACE Award for Superior Innovation and Collaborator Award for Work with Ford Motor Company
DETROIT & MONROVIA, Calif.—April 5, 2006—PosiCharge™, an AeroVironment, Inc. business (www.avinc.com), has won two awards at the 2006 Automotive News PACE Awards. The 12th Annual PACE (Premier Automotive Suppliers’ Contribution to Excellence) Awards held in Detroit, Mich. April 3 honored innovators in the automotive supply chain.
PosiCharge™ Named Sole Supplier for Multi-Facility Fast Charge Deployment at Del Monte Foods
MONROVIA, Calif., March 31 2005: PosiCharge™, the industrial fast charger division of AeroVironment, today announced that Del Monte Foods has chosen the company as the sole supplier for its multi-facility fast charge deployment to convert internal combustion forklifts to electric at selected facilities. The multi-year conversion program will eliminate battery changing rooms at applicable facilities as well as improve productivity and reduce operating costs.
PosiCharge™ Technology Saves Time and Money at Ford (Courtesy of Ford Motor Company)
DEARBORN, March 29, 2005 (FCN)—Better air quality in the plants and less noise are just two of the benefits employees will realize as North American plants switch from combustion engine forklifts and tow motors to all electrically powered vehicles. Other advantages of the change include space savings in the plants and an estimated $5 million savings to the company’s bottom line each year said Roger Tenney, manager, Industrial Vehicle Strategy and Engineering.
Ford Motor Company Selects PosiCharge™ as Supplier for Company-Wide Fast Charge Rollout
CHICAGO , At ProMat 2005, Jan. 10, 2005 - PosiCharge™, the industrial fast charger division of AeroVironment, today announced that Ford Motor Company has selected the company for its system-wide deployment of fast charge technology throughout its manufacturing operations. In the first phase, PosiCharge will facilitate the seamless replacement of all of Ford’s internal combustion material handling vehicles with electric vehicles. As the rollout continues, PosiCharge will help Ford Motor Company to discontinue reliance on battery rooms.
SYSCO Food Services Fast Charge Results In
LAS VEGAS and MONROVIA, Calif., Oct. 20, 2004 - SYSCO Food Services, longtime users of PosiCharge® fast charge systems for electric forklifts, today announced the results of its second independent fast-charge battery audit in 22 months. Both tests indicate that the batteries retained capacity well beyond standard fast-charge battery warranty expectations.
CitiCapital To Provide Finance Solutions For PosiCharge™ Customers
MONROVIA, Calif., June 2, 2004- CitiCapital, one of the top commercial finance companies in the United States, and PosiCharge™; have entered into a multi-year program agreement to provide material handling finance solutions for new and existing PosiCharge customers.
Dr. Paul MacCready to Conduct Special Session at Aviation Industry Week
Las Vegas, NV (March 4, 2004) - Aviation Industry Week, the premier event for the business of aviation, announced today that Dr. Paul B. MacCready will speak at the upcoming show, to be held May 18-20, 2004, in Las Vegas, NV. Dr. MacCready is the founder and chairman of AeroVironment, Inc. He has been pioneering the use of alternate energy sources in aviation for over 50 years, developing vehicles and devices for both military and commercial use that strike a balance between nature and technology.
Tibbett & Britten Group member company, Evergreen Logistics, Implements PosiCharge™
TORONTO, Ontario and MONROVIA, Calif. Tibbett & Britten Group, one of the world’s leading third-party logistics companies, today announced that its member company, Evergreen Logistics, has implemented a 15-port PosiCharge™; system for its facility in Conway, Ark. The PosiCharge productivity-enhancing system eliminates the need for a battery changing room at the distribution center.
War on Terrorism Boosts Deployment of Mini-UAVs As featured in “Aviation Week & Space Technology”
Small man-portable reconnaissance drones are finally seeing action as the war on terrorism brings home ground troops’ need to see over the next hill.
American Airlines Fast Charging Electric GSE With PosiCharge&trade MVS
CHICAGO (February 13, 2001) American Airlines has advanced its commitment to electrifying its ground support equipment (GSE) fleet with the recent installation of the first four of 10 AeroVironment PosiCharge MVS multi-vehicle fast charging systems at Dallas-Ft. Worth International Airport. When all 10 MVS chargers are in place, American will be able to fast charge more than 100 GSE vehicles, making this the largest fast charging installation in the world.


