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U.S. Army Awards AeroVironment $5.1 Million Order for Switchblade Loitering Munition Systems and Services
May 23, 2012

• Order definitizes previously announced Switchblade Agile Munition Systems and services contract
• Adds to prior $4.9 million order for a total value of $10 million


MONROVIA, Calif., May 23, 2012—AeroVironment, Inc. (NASDAQ: AVAV) announced it received a contract modification effective March 20, 2012 from the U.S. Army Close Combat Weapons Systems (CCWS), Program Executive Office Missiles and Space (PEO MS).  The $5,108,160 modification to the existing contract includes engineering services, operational Switchblade systems and operator training.  AeroVironment will work with ATK (NYSE: ATK), its munition subcontractor, to produce and deliver the systems.



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