TAIPEI, Taiwan, [September 18, 2025] — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in all-domain defense technologies, today announced that it has signed a Memorandum of Understanding (MOU) with the National Chung-Shan Institute of Science and Technology (NCSIST), a leading research and development institution under Taiwan’s Ministry of National Defense, to collaborate on autonomous systems and technology to support Taiwan’s defense and security needs.

Signed during this week’s Taipei Aerospace & Defense Technology Exhibition (TADTE) 2025, the agreement establishes a framework for AV and NCSIST to jointly pursue opportunities to strengthen the lifecycle and sustainability of Taiwan’s unmanned and precision strike systems. Initially focused on AV’s JUMP^® 20 and JUMP^® 20-X vertical takeoff and landing (VTOL) fixed-wing platforms, AV will provide technical expertise, training, and proven sustainment processes to help NCSIST build infrastructure that enhances readiness and resilience on the island. Future efforts will include co-development of unmanned systems and collaboration around autonomy software.

The JUMP 20 system delivers advanced intelligence, surveillance, and reconnaissance (ISR) capabilities and unmatched adaptability to support a wide range of evolving mission demands. It has emerged as the global Group 3 platform of choice, with recently awarded contracts across Europe, including Denmark, Italy, and multiple other NATO allies.

“This partnership underscores AV’s long-term commitment to supporting the defense needs of Taiwan and our allies in the Indo-Pacific region,” said Justin McFarlin, Vice President of International Business Development for AV. “By combining the combat-proven effectiveness of AV systems with NCSIST’s advanced research and development capabilities, we are ensuring Taiwan can produce and sustain mission-critical systems, strengthen deterrence, and respond quickly to evolving threats.”

The MOU is part of an industrial participation or “offset” agreement tied to recent acquisitions and investments by the Taiwan Ministry of National Defense in AV’s uncrewed technology. In July 2024, AV announced U.S. State Department approval for a $60.2 million foreign military sale of the company’s Switchblade^® 300 loitering munition systems to Taiwan. Last month, the Taiwanese government announced an expansive new procurement initiative for up to 100,000 UAS in order to defend its homeland and critical infrastructure.

“Taiwan has clearly signaled a demand to strengthen its domestic defense ecosystem and a desire to expand its self-reliance in defense production and lifecycle management,” said Brian Anderson, AV’s Director of International Business Development for Asia Pacific. “Through strong partnerships with our allies and partners–like NCSIST, AV is delivering mission-critical technologies and ensuring that systems already fielded around the globe remain ready and effective.”

About AeroVironment, Inc.

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. At the core of these technologies lies AV_Halo, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

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ARLINGTON, Va., June 18, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced it has signed a Memorandum of Understanding (MOU) with Hans Christian Andersen Aiport in Odense, Denmark–home to the UAS Denmark Test Center–to explore joint utilization of the center’s expansive airspace and advanced test facilities. The agreement aims to leverage UAS Denmark’s strategic range and infrastructure to support AV’s uncrewed aircraft system (UAS) demonstration operations, mission training, and customer integration activities across the region.

The collaboration is expected to enable joint research and development (R&D) initiatives and accelerate the growth of the UAS Denmark Test Center as a regional epicenter for advanced UAS innovation, evaluation, and operational readiness.

“This MOU represents a significant milestone in expanding AV’s operational footprint in Europe,” said Shane Hastings, AV’s vice president and general manager of Medium UAS. “Our partnership with UAS Denmark positions us to deliver enhanced capabilities, mission-critical training, and integrated UAS solutions to allied defense forces and government stakeholders across the region.”

This agreement follows AV’s February 2025 Framework Agreement with the Danish Ministry of Defence Acquisition and Logistics Organization (DALO), under which AV is delivering advanced UAS, operator and maintainer training, and lifecycle support to strengthen the Danish Armed Forces’ intelligence, surveillance, and reconnaissance (ISR) capabilities. The MOU with UAS Denmark builds on this momentum and reinforces AV’s commitment to delivering tactical advantage through scalable, reliable, and combat-proven UAS platforms.

By formalizing this collaboration, AV continues to expand its international partnerships and operational support capabilities—ensuring allied forces have access to the tools and training required to maintain readiness in dynamic environments.