Press Release

U.S. Army Selects AV’s Switchblade® 400 for LASSO Program

05/04/2026

Award establishes Switchblade 400 as key component of Army’s enduring next-generation loitering munition program

ARLINGTON, Va. — May 4, 2026 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), today announced that it has been awarded a prototype agreement from the U.S. Army for the Low-Altitude Stalking and Strike Ordnance (LASSO) program to support the rapid development, delivery and testing of the Switchblade® 400 loitering munition.

The award establishes Switchblade 400, AV’s medium-range, man-portable, anti-armor loitering munition, as a key component of the Army’s LASSO Program, supporting the service’s modernization priorities for rapidly deployable, precision strike capabilities that can operate effectively in contested environments.

“This award reflects the Army’s confidence not only in Switchblade 400, but in AV’s ability to deliver at scale,” said Trace Stevenson, President of Autonomous Systems at AV. “Being selected under the LASSO program positions AV as a long-term partner to the Army as it modernizes its loitering munition capabilities, from development and testing through production, fielding, and continuous capability evolution.”

The first loitering munition purpose-built to operate within AV_Halo™, AV’s modular command-and-control ecosystem, Switchblade 400 incorporates advanced aided target recognition (ATR) and autonomous capabilities to detect, classify, and engage targets, day or night, in denied and contested environments while delivering the same anti-armor performance comparable to larger systems, like the Switchblade 600 Blk 2.

Core to Switchblade 400 is the implementation of a Modular Open Systems Approach (MOSA) in system design to ensure long term system resilience and relevance allowing for interoperability, upgradeability, and affordability as missions evolve.

Known as the “Lightweight Tank Destroyer,” and sized to fit common launch tubes, Switchblade 400 enables a sensor-to-shooter concept of operations that allows a single soldier to detect, identify, and engage targets through a unified, networked architecture – shortening decision timelines while increasing precision, speed, and operational flexibility at the tactical edge. The system features an all-up round (AUR) weighing under 40 pounds that provides the soldier with a lightweight, man-portable, anti-tank weapon system.

“Switchblade 400 is the product of continuous feedback from the field and the soldiers who rely on our systems in real-world operations,” said Brian Young, Senior Vice President of Loitering Munitions at AV. “We are constantly leaning forward, integrating new capabilities, enhancing performance, and reducing the burden on the warfighter. That soldier-driven approach is central to how we develop, test, and deliver capability for the Army.”

The new OTA award under LASSO follows a recent $186 million delivery order from the U.S. Army for Switchblade®600 Block 2 and Switchblade® 300 Block 20 explosively formed penetrator (EFP) loitering munition systems, part of the Army’s existing five-year, $990 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract under the Lethal Unmanned Systems (LUS) Directed Requirement (DR), which was awarded in August 2024.  It was the Army’s first Switchblade order containing EFP payload, delivering enhanced lethality against armored threats.

“The Army’s trust in the Switchblade family has been earned through years of real-world use by soldiers who rely on these systems every day,” said Jimmy Jenkins, Executive Vice President of Precision Strike and Defense Systems at AV. “That trust reflects a clear operational need for precision, speed, and adaptability at the tactical edge—capabilities the Switchblade family is designed to deliver as missions and threats continue to change.”

About AV

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.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

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Switchblade® 400

04/02/2026

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Press Release

AV Unveils Next Generation of Switchblade® Loitering Munitions

10/13/2025

AV Unveils Next Generation of Switchblade® Loitering Munitions

Switchblade 600 Block 2, Switchblade 400, and Switchblade 300 Block 20 with EFP Deliver Multi-Domain, Scalable Lethality and Mission Flexibility 

ARLINGTON, Va. — October 13, 2025 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), the leading global provider of loitering munition systems, today announced the expansion of its combat-proven Switchblade® family of precision loitering munitions with three new systems: the Switchblade 600 Block 2, the Switchblade 400, and the Switchblade 300 Block 20 equipped with a modular explosively formed penetrator (EFP) payload. Together, these systems expand the Switchblade product line across echelons and mission sets–from backpackable, close-in lethal precision effects to long-endurance, multi-domain anti-armor solutions, ensuring warfighters maintain tactical overmatch in the most contested environments.

“Warfighters require scalable, reliable, and interoperable effects that can be tailored to the threat and the environment,” said Trace Stevenson, President of Autonomous Systems at AV. “These three new Switchblade variants deliver that flexibility and scalability. Each design builds on proven fielded capability while adding important new capabilities that reduce risk and expand mission sets.”

Switchblade® 600 Block 2 is a next-generation, long-endurance, multi-domain loitering munition with advanced avionics, pinpoint precision, and a secondary payload bay for multi-mission flexibility. Enhanced AI/ML-enabled onboard processing with advanced Automatic Target Recognition (ATR), encrypted M-Code GPS, and integrated Silvus MANET radios provides unmatched situational awareness and resilient Command and Control (C2) in contested environments. Switchblade 600 Block 2 offers 20% longer endurance and 100+km handoff and relay range and is IP67-rated for maritime applications.

The all-new Switchblade® 400 is a medium-range, man-portable anti-armor loitering munition with rocket-assisted take-off (RATO). At under 40 pounds for the all-up round (AUR), the effector provides a single soldier with lethal standoff capability in under five minutes to defeat tanks and heavily armored targets with precision accuracy. Sized to fit in common launch tubes (CLT), the unit’s design streamlines training and enables rapid, plug-and-play integration. Its ATR and advanced edge computing provide autonomous detection, classification, and elimination of threats–day or night.

The combat-proven Switchblade® 300 Block 20 now features a modular payload bay, supporting an Explosively Formed Penetrator (EFP) warhead for increased lethality against armored threats. With the AUR weighing just 7.2 lbs, the backpackable precision loitering munition enables a single operator to deliver beyond-line-of-sight (BLOS) lethal effects in less than two minutes with improved endurance. The updated platform features an enhanced sensor and panning camera suite, a touchscreen tap-to-target interface with multiple commit angles, user-selectable point of detonation with continuous Positive Identification (PID), and extended range with an optional 30 km antenna.

Developed with Modular Open Systems Approach (MOSA) standards, the new Switchblade systems allow seamless integration with command and control (C2) platforms, including ATAK, Nett Warrior, and AV_Halo™ Command Tactical software with Kinesis universal tactical control architecture for fast, intuitive operation. Driven by AV_Halo Vision (previously AV’s SPOTR-Edge™ software) – part of AV’S unified suite of mission-ready software tools – these platforms provide onboard computer vision for detection, classification, localization, and tracking of operationally relevant objects, including people, vehicles, and maritime vessels–day or night, even in GPS-denied or comms-degraded environments. With a common design architecture, the systems share the same tablet-based Fire Control user interface (UI), patented wave-off and recommit features, encrypted datalinks, and mission planning–reducing logistical burdens and operator training time.

“AV has delivered thousands of Switchblade systems over the last 13 years, with hundreds of combat engagements shaping our design evolution,” said Jimmy Jenkins, Executive Vice President of Precision Strike and Defense Systems at AV. “The new Switchblade systems are warfighter-driven solutions—faster, smarter, and optimized for multi-domain operations. Our continuous innovation ensures US and allied forces remain equipped with rapid, adaptable, and overwhelming precision strike effects to maintain a tactical advantage on the modern battlefield.”

From US soldiers to frontline Ukrainian warfighters, Switchblade is the trusted, battle-proven loitering munition system of choice–offering cost-effective lethality in contested, congested battlespaces. The all-new Switchblade 400, Switchblade 600 Block 2, and Switchblade 300 Block 20 with EFP build on this legacy of innovation and reliability. AV is investing in the rapid expansion of its Switchblade manufacturing capacity–accelerating production of its Switchblade 600 over the last year from 40 to 240 systems per month. With growing demand from US and allied forces, continued investments in its Simi Valley, California, manufacturing facility, and the opening of its new next-generation manufacturing facility in Salt Lake City, Utah, AV anticipates production growth to more than 1,200 per month in the near future.

###

About AV

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.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

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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.


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.


Contact:

AeroVironment
+1.703.418.2828
pr@avinc.com

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Press Release

AV Secures $288 Million Delivery Order on $990 Million Contract with U.S. Army

02/03/2025

AV Secures $288 Million Delivery Order on $990 Million Contract with U.S. ArmyARLINGTON, Va., February 03, 2025 – AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, today announced it has been awarded its third delivery order for Switchblade® loitering munition systems in the amount of $288 million as part of U.S. Army’s Directed Requirement (DR) for Lethal Unmanned Systems (LUS).  This is the third award in the last 12 months, totaling $471.3 millions.  This award is the third such delivery order awarded to AV as part of the multi-year contract with a ceiling value of $990M, which was secured in August 2024.

“AV is honored to continue fulfilling this important contract providing the U.S. Army with exceptional and reliable loitering munition solutions,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “We continue to deliver for the U.S. Army with our superior supply chain and manufacturing capacity.”

Switchblade represents the next generation of extended-range loitering munition systems, providing operators in the field with a multi-mission loitering munition system capable of multi-domain operations. The combat-proven system also features high-precision optics and extended loitering endurance.

 

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Press Release

U.S. GAO Denies Protest of $990 Million Switchblade Systems Contract

12/17/2024

U.S. GAO Denies Protest of $990 Million Switchblade Systems ContractArlington, Va., December 17, 2024 – The U.S. Government Accountability Office (GAO) has denied the protest filed on September 6, 2024, challenging the U.S. Army’s sole-source award of a $990 million contract for AV’s Switchblade® systems.

This decision reaffirms confidence in the integrity of the Army’s procurement process and its thorough evaluation of operational requirements. AV is proud to continue delivering these combat-proven, mission-critical Switchblade systems to meet the warfighter’s operational needs.

“AV remains steadfast in our commitment to fulfilling this important contract and upholding our mission to provide innovative, relevant, and effective capabilities to those who serve and defend freedom,” said Wahid Nawabi, AV’s chairman, president, and chief executive officer.

 

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Press Release

AV Secures $743 Million Additional Contract Ceiling for Switchblade Loitering Munition Systems

10/14/2024

AV Secures $743 Million Additional Contract Ceiling for Switchblade Loitering Munition Systems

Arlington, Va., October 14, 2024 – AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, announced today that the U.S. Army has awarded a $54.9 million delivery order for the production of Switchblade® loitering munition systems. The recently announced award includes an additional contract ceiling of $743 million with $54.9 million in new funding.  This contract is issued as part of a broader, previously executed, indefinite delivery, indefinite quantity contract, and ensures continued support for both the U.S. Army and several allied partners, including Lithuania, Romania, and Sweden.

Work on this contract will be performed in Simi Valley, California, with an estimated completion date of June 30, 2026. The award, which leverages fiscal 2023 and 2024 Army funds along with Foreign Military Sales, highlights AV’s ongoing commitment to delivering proven, battlefield-ready technology that meets the evolving needs of modern armed forces.

“This contract allows us to continue delivering Switchblade systems to the U.S. Army and allied partners at speed with upgraded capabilities based on real-time battlefield feedback,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “We are honored to provide the U.S. Army and our international partners with battle-proven technology.” AV remains focused on providing warfighters with superior, reliable, affordable systems at scale to meet the evolving requirements of its global defense customers.

 

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AV Secures $54.8 Million Contract Modification for Switchblade Loitering Munition Systems

10/09/2024

Switchblade Launch

AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, announced today that the U.S. Army has awarded a $54.8 million contract modification for the production of Switchblade® loitering munition systems. This modification, issued as part of a broader indefinite delivery, indefinite quantity contract, ensures continued support for both the U.S. Army and several allied partners, including Lithuania, Romania, and Sweden.

Work on this contract will be performed in Simi Valley, California, with an estimated completion date of June 30, 2026. The award, which leverages fiscal 2023 and 2024 Army funds along with Foreign Military Sales, highlights AV’s ongoing commitment to delivering proven, battlefield-ready technology that meets the evolving needs of modern armed forces.

“This contract modification allows us to continue delivering Switchblade systems to the U.S. Army and allied partners at speed with upgraded capabilities based on real-time battlefield feedback,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “We are honored to provide the U.S. Army and our international partners with battle-proven technology.”

AV remains focused on providing warfighters with superior, reliable, affordable systems at scale to meet the evolving requirements of its global defense customers.

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Press Release

AV Secures $990M Contract to Supply U.S. Army with Switchblade Loitering Munitions

08/28/2024

Switchblade Launch

ARLINGTON, Va., August 28, 2024 – AeroVironment (AV) has been awarded a contract for the U.S. Army’s Directed Requirement (DR) for Lethal Unmanned Systems (LUS). The 5-year contract from Army Contracting Command-Aberdeen Proving Ground is Indefinite Delivery, Indefinite Quantity (IDIQ) with a contract ceiling value of $990M. Deliveries of the Switchblade® systems are expected to begin in months.

The LUS Directed Requirement is the Army’s first effort to equip soldiers in infantry battalions with lethal, man-portable loitering munition systems. The combat-proven Switchblade systems will enhance soldiers’ capabilities with precision flight control, greater lethality against fortified targets such as armored vehicles and tanks, and the ability to track and engage moving non-line-of-sight targets. AV was awarded a contract for the LUS Directed Requirement in December 2023 and is currently delivering systems under that contract.

“AV is proud to have been selected to provide Switchblade for this critical and urgent Army requirement,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “This latest contract underscores the unmatched maturity and effectiveness of our system, as well as AV’s strategic positioning to rapidly produce and deliver these cutting-edge solutions to operators in the field.”

Switchblade represents the next generation of extended-range loitering munition systems, providing operators in the field with a multi-mission loitering munition system capable of multi-domain operations. The combat-proven system also features high-precision optics and extended loitering endurance.

“Starting with the LUS Directed Requirement, we are well positioned to meet the Army’s emerging needs, leveraging our robust production capability and supply chain capacity to ensure rapid fielding and enhanced combat overmatch for our soldiers,” continued Hush.

This contract further solidifies AV’s role as a leading provider of innovative unmanned solutions. The company remains committed to supporting the U.S. Army’s mission by delivering advanced technology that ensures operational superiority and enhances the safety and effectiveness of our military personnel.

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