Category: Press Release

Press Release

AeroVironment, Inc. to Present at Goldman Sachs’ Industrials and Materials Conference

11/19/2025

AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) will participate in the upcoming Goldman Sachs’ Industrials and Materials Conference in New York, New York. AV’s chairman, president and chief executive officer, Wahid Nawabi, and AV’s executive vice president and chief financial officer, Kevin McDonnell, will take part in a fireside chat on December 3 at 8:00 a.m. ET | 9:00 a.m. CT | 11:00 a.m. PT. The fireside chat will be available by webcast at the times listed above and archived on our website.

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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AV Selected for U.S. Army Next-Generation C-UAS Missile Program, Awarded $95.9M Contract to Deliver FE-1 for U.S. Army’s Long-Range Kinetic Interceptor (LRKI) Program

10/22/2025

AV Selected for U.S. Army Next-Generation C-UAS Missile Program, Awarded $95.9M Contract to Deliver FE-1 for U.S. Army's Long-Range Kinetic Interceptor (LRKI) Program

HUNTSVILLE, Al., October 22, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leading provider of Counter-Unmanned Aircraft Systems (C-UAS) and advanced air and missile defense technologies, has been selected to deliver the U.S. Army’s Next-Generation C-UAS Missile (NGCM). Along with this selection, AV was awarded a $95.9 million contract for the U.S. Army’s Long-Range Kinetic Interceptor (LRKI) program through the U.S. Army Combat Capabilities Development Command Aviation & Missile Center (CCDC AvMC) Aviation & Missile Technology Consortium® (AMTC). As part of the LRKI program, AV will manufacture and deliver its Freedom Eagle (FE-1) kinetic C-UAS missile.

“FE-1 strengthens our nation’s air defense arsenal by providing an urgently needed kinetic C-UAS solution–built to fill the gaps in today’s defense capabilities and meet the adversarial threats of tomorrow,” said Jimmy Jenkins, Executive Vice President of AV’s Precision Strike and Defense Systems Group. “This selection by the U.S. Army is a testament to AV’s intentional investments, unmatched agility and technical expertise, and unwavering commitment to our nation’s national security priorities. We are quickly scaling production to deliver FE-1 to the frontlines, where they’ll provide critical warfighter protection and inform our development for full-rate manufacturing.”

FE-1 is a low-cost, high-performance solution to neutralize Groups 2 and 3 UAS while maintaining residual capability against Group 1 UAS, fixed wing, and rotary wing aircraft with increased lethality, extended range, and rapid launch capabilities. It has already achieved several key development milestones, including a successful live-fire demonstration of its dual-thrust solid rocket motor, controlled test vehicle (CTV) launches, and warhead tests. These achievements demonstrate FE-1’s technological maturity and reduced technical risk in preparation for field deployment.

“FE-1 is more than just a missile. It’s a transformative capability for next-generation air and missile defense,” said Daniel Noland, Senior Director of Strategic Capture for AV. “Our team–side by side with our industry partners and U.S. Army customers–has put in long hours in the lab and on the range because they believed in the mission: to rapidly develop the technology our warfighters need to tackle our nation’s toughest aerial threats. We’re ready to transition this disruptive technology from research and development to the battlefield and focused on ramping up manufacturing to deliver with scale and speed.”

To successfully deliver an entirely new kinetic platform built to counter rapidly evolving air threats on a rapid timeline, AV developed critical strategic partnerships and assembled a team of industry experts–including Applied Systems Engineering Inc. (“ASEI”), a leading provider of engineering and avionics solutions.

FE-1 joins AV’s portfolio of industry-leading C-UAS solutions, including Directed Energy (DE), Radio Frequency (RF)-based, and Electronic Warfare (EW) systems. The company is also a leading provider of precision strike and loitering munitions, including Switchblade and JUMP 20 which have proven success in austere battlespaces around the world. Together, these capabilities form an end-to-end, multi-domain defense architecture designed to address the most advanced UAS threats.

 

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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AV and Korean Air Sign Memorandum of Understanding to Advance Medium Unmanned Aircraft Systems for the Republic of Korea

10/21/2025

AV and Korean Air Sign Memorandum of Understanding to Advance Medium Unmanned Aircraft Systems for the Republic of Korea

SEOUL, Republic of Korea, October 21, 2025 — AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in all-domain unmanned systems, today announced the signing of a Memorandum of Understanding (MOU) that positions Korean Air as its priority partner in the Republic of Korea.

This alliance will focus on integrating and adapting AV’s JUMP® 20 Group 3 vertical takeoff and landing (VTOL), fixed-wing uncrewed aircraft to meet the specific needs of the Korean Defense market. It also establishes a foundation for long-term joint research and development, sustained innovation, and local production – supporting efforts by the Korean Ministry of National Defense to grow its unmanned system infrastructure and expand manufacturing within the country.

“This agreement signals our growing international footprint, market presence, and commitment to delivering adaptable solutions in collaboration with trusted, in-country partners around the world,” said Larry Satterfield, AV’s Senior Director of Business Development for Asia Pacific. “With incredible mission flexibility and a rapidly growing global demand for the platform, JUMP 20 will anchor our partnership with Korean Air and meet Korea’s emerging defense needs.”

By leveraging AV’s operational track record and Korean Air’s defense ecosystem, the collaboration ensures Korea’s armed forces gain a mission-ready MUAS solution built to meet evolving regional and global defense challenges.

With proven endurance, range, and multi-payload flexibility, JUMP 20 is the ideal platform for advanced intelligence, surveillance, and reconnaissance (ISR) operations and 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.

 

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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AV to Deploy Golden Dome for America Limited Area Defense Inner Layer Framework at Grand Forks Air Force Base

10/14/2025

AV to Deploy Golden Dome for America Limited Area Defense Inner Layer Framework at Grand Forks Air Force Base

GRAND FORKS, ND – [October 14, 2025] – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in multi-layered counter-drone defense technology, today announced an expanded collaboration with GrandSKY, the nation’s first commercial unmanned aerial system (UAS) business and aviation park, to establish the foundation of its Golden Dome for America limited area defense architecture at Grand Forks Air Force Base (AFB) in North Dakota.

Working with GrandSKY, AV will deploy its inner layer distributed counter-UAS (C-UAS) capabilities, the backbone of a layered defense architecture–designed to counter the growing threat of malicious UAS and aerial threats targeting the nation’s critical infrastructure at Grand Forks AFB.

Aligned with AV’s partnership with SNC for the Golden Dome for America initiative, this deployment will include the integration of AV’s Titan and Titan-SV RF-based platforms for long-range detection and identification, unified through the AV_Halo™ COMMAND software platform that fuses diverse sensor and surveillance data into a single, mission-ready operating picture for C-UAS and Beyond Visual Line of Sight (BVLOS) airspace awareness.

“We’re deploying technologies that deliver unmatched situational awareness to Grand Forks AFB while providing a road map to expand these limited area defense capabilities at critical sites throughout the nation in support of Golden Dome for America,” said Wahid Nawabi, Chairman, President and Chief Executive Officer of AV. “By combining our surveillance and edge-intelligence technologies with the vision of GrandSKY and the support of leaders, like Senator Hoeven, we are accelerating solutions that will protect critical U.S. military installations and the service members who operate within them.”

“North Dakota is the premier location for developing both applications for unmanned aircraft and protections against the misuse of drone technology, and bringing AV’s counter-UAS system to GrandSKY accelerates the important work being done through initiatives like Project ULTRA,” said Senator John Hoeven (R-N.D.). “Counter-drone is a critical priority for the future of our nation’s defense. We’ve seen in Israel and Ukraine how drones are being used to wage war in new and dangerous ways. The capabilities and partnerships we’ve built in the Grand Forks region will enable our nation to tackle this emerging threat, and we appreciate AV for its growing commitment to GrandSKY and the important role its technology will play in these efforts.”

This collaboration builds on the March 2025 memorandum of understanding (MOU) between AV and GrandSKY in support of Project ULTRA, Hoeven’s $110 million public-private initiative to establish Grand Forks as the nation’s proving ground for advanced counter-UAS defense. Through this collaboration, AV has already integrated AV_Halo COMMAND Mission software, formerly VigilantHalo, into GrandSKY’s BVLOS flight operations, enhancing airspace awareness and control while expanding counter-UAS capacity at the 217-acre flight center.

“We’re excited to grow our relationship with AV. What started as a partnership to explore ground-based sense and avoid tools for UAS operations is now expanding to support multi-layered counter-UAS capabilities,” said Tom Swoyer, Jr., President at GrandSKY. “Deploying these technologies will give us a path to support a variety of UAS and Counter-UAS tests, operations and demonstrations. One of the most significant advantages we gain is the ability to collaborate closely with our partners at Grand Forks Air Force Base. Through Project ULTRA, we will explore and understand the comprehensive requirements needed to effectively defend against UAS threats and be better equipped to address the full range of challenges and ensure our nation’s domestic defenses capabilities are robust and adaptable.”

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About GrandSKY

GrandSKY is a UAS-focused flight operations center on Grand Forks AFB in Grand Forks County, North Dakota. The 217-acre flight center provides Uncrewed Aerial Systems (UAS) tenants and partners with unmatched research, development, training, and testing amenities. GrandSKY leverages access to the Air Force runway and tower support with commercial amenities and investment through a unique public-private partnership supporting civilian and military UAS flight operations. GrandSKY has been offering industry-leading amenities such as over 11,000 square miles of BVLOS capability and 24/7 operations.  For more information, visit grandskynd.com.

 

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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AV Appoints Mary Clum as President of Fast-Growing Space, Cyber and Directed Energy Business

10/13/2025

AV Appoints Mary Clum as President of Fast-Growing Space, Cyber and Directed Energy BusinessARLINGTON, Va., October 13, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced that current Executive Vice President, Space & Directed Energy (DE) Mission Systems Mary Clum has been appointed President of the company’s Space, Cyber & Directed Energy (SCDE) business segment, effective October 24, 2025. Clum will report directly to Chairman, President & CEO Wahid Nawabi. Trip Ferguson, who has decided to step down, will remain at the company for a limited period to ensure a smooth transition.

With more than 25 years of industry experience, Clum has honed her ability to develop and deliver highly technical defense products. She joined AV in May 2025 through the company’s acquisition of BlueHalo, where she served [on the Executive Leadership team] as President of the Product & Space Systems portfolio. In that role, she oversaw product innovation and manufacturing operations, driving growth across the portfolio and ensuring alignment with the company’s long-term strategic objectives. Earlier in her career, Clum spent more than a decade at Raytheon Company, including as the Senior Manager for the Directed Energy and Mobile Range product areas.

“Mary has the experience, expertise, and resolve to lead SCDE as we enhance our industry-leading technologies, scale our production capabilities, innovate into new markets, and strengthen our relationships with our partners,” said Nawabi. “Since joining AV, Mary has expertly guided emerging technologies – including directed energy weapon systems and long-haul space laser communication terminals – from concept to reality with the urgency required to fulfill critical national security missions. We are confident she will continue to advance our growth and leadership in SCDE.”

“I’m excited to guide SCDE’s talented team as we take our mission even further,” said Clum. “Across all domains, the SCDE team is engineering a safer future for our nation and its allies. Our people have provided more than 260 systems on orbit, with proven performance in the harshest environments. They are delivering advanced solutions, supporting orbital warfare, space domain awareness, resilient communications, command and control, all while degrading adversarial capabilities.”

Nawabi added, “I am grateful for Trip’s steadfast leadership of SCDE. His impact has positioned SCDE for continued success and we wish him the very best.”

“It has been a privilege to lead AV’s SCDE segment,” said Trip Ferguson. “Over the past three years, I have had the pleasure of working closely with Mary and have seen firsthand her innovative vision. I know SCDE is in good hands with her at the helm and believe AV is well positioned to capitalize on the range of market opportunities ahead. I look forward to watching the continued growth of AV as I spend more time with my family.”

Michael Pace, AV’s Senior Vice President of Space RF Systems, will be elevated to Senior Vice President of Space & DE Mission Systems. Pace, who is a technical subject matter expert in advanced technologies, including digital beamformed phased arrays and software-defined architectures. Pace joins Johnathan Jones, who recently assumed the role of Senior Vice President of Cyber and Mission Solutions, to comprise Clum’s SCDE leadership team.

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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 that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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AV Launches Next-Generation VAPOR CLE, Compact Long Endurance Helicopter UAS

AV Launches Next-Generation VAPOR CLE, Compact Long Endurance Helicopter UAS

VAPOR CLE adds autonomy, reduces size and weight, increases flight duration and payload flexibility

ARLINGTON, Va. – October 13, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in all-domain defense systems, today announced the release of its newest all-electric vertical takeoff and landing (VTOL) platform–the VAPOR Compact Long Endurance (CLE) unmanned aircraft system (UAS).

Building on the proven performance of previous VAPOR models, the VAPOR CLE helicopter sets a new standard for Group 2 UAS with a more compact, enduring, and mission-ready design with on-board computer integration that transforms the VTOL into a fully autonomous system. VAPOR CLE supports multi-mission operations–from intelligence, surveillance and reconnaissance (ISR) and electronic warfare (EW) to precision strike and logistics resupply.

“Every detail of the VAPOR CLE reflects an upgrade driven by real-world mission needs,” said Jason Hendrix, Vice President of Small Uncrewed Systems for AV. “By doubling endurance, increasing lift, and adding onboard autonomy, we’ve transformed the system into a combat-ready tool that gives warfighters more capability in a smaller, more adaptable package.”

The newly integrated NVIDIA ORIN onboard computer makes the VAPOR CLE fully autonomous and enables Automatic Target Recognition (ATR) through AV_Halo VISION (previously AV’s SPOTR-Edge™) computer vision software and WISARD™ Artificial Intelligence/Machine Learning (AI/ML) processing suite. The compact packout case measures 7 cubic feet and weighs 35 pounds—a 50% reduction from earlier models—with tool-less assembly, making it ideal for transport and rapid deployment. It delivers up to two hours of persistent flight—double the endurance of typical Group 2 quad rotor-craft platforms.

Built with a Modular Open System Architecture (MOSA) to support third-party integration, VAPOR CLE integrates with 26 unique payloads– including optical sensors, communications relays, electronic warfare, and integrated lethal payloads, including the Orbital Research Lab 60/81mm mortar CLiK (DEVCOM AC standardization) and Corvid Shryke Guided Munition and IS4S 40mm munition. The VAPOR CLE is compatible with AV_Halo COMMAND tactical handheld controller and is worldwide operational frequency capable with an encrypted data link that can transmit classified information to distances greater than 10km line of sight.

“We built the VAPOR CLE around what warfighters told us they needed most—more time over target, greater lift for mission-critical payloads, and a system rugged enough to survive the toughest environments,” said Jason Wright, AV’s senior product line manager. “Those upgrades mean troops can carry less gear, set up faster, and count on a single platform to perform multiple roles in the field.”

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 AV’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.

For additional media and information, please follow us:

 

Media Contact:

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Investor Contact:

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805.795.4108

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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AV Unveils Next Generation of Switchblade® Loitering Munitions

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.

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AV Selected for $499M AFRL Contract to Advance Electromagnetic Spectrum Survivable Materials, Awarded $246M in Task Orders

10/01/2025

AV Selected for $499M AFRL Contract to Advance Electromagnetic Spectrum Survivable Materials, Awarded $246M in Task Orders

ARLINGTON, Va., October 1, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leading provider of advanced research and development innovation for national security missions and warfighter protection, has been selected for a 10-year single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract valued at $499 million by the U.S. Air Force Research Laboratory (AFRL) for the High-Performance Electromagnetic Spectrum Survivable Materials Advancement (HELMSSMAN) program. Work completed under the program will mature material technology development and deploy protective solutions to the frontlines, guarding warfighters against exposure to harmful electromagnetic radiation.

“As technologies advance and battlespace tactics evolve, AV is helping warfighters stay ahead of emerging threats,” said Wahid Nawabi, AV Chief Executive Officer. “Whether through our autonomous systems, our layered counter-drone technologies, our advancements in satellite communication and space domain awareness, or–like HELMSSMAN–our advanced research and development, we are taking on the most critical challenges and rapidly transitioning innovation from the lab to the frontlines.”

AV has been awarded two initial task orders for this contract valued at $246 million:

  • Under the “Advanced Development of Vision Protection Materials” task order, valued at $98M, AV will develop a suite of viable electromagnetic spectrum (EMS) protection capabilities that do not increase operational risk or degrade mission performance. The team will research the interaction of EMS elements with materials, systems, and personnel to develop future-proofed vision protection systems for our warfighters.
  • Under the “Advanced Development of Materials for EMS Resilience” task order, valued at $148M, AV will conduct research on the impacts of EMS sources on U.S materials, components, and systems and provide mitigation options to the warfighter to ensure effective kill chain execution in complex environments. The team will develop test infrastructure and modeling methods to accelerate the fielding of measures validated in realistic environments for warfighter protection.

With these task orders, AV will research, develop, test, evaluate, prototype, demonstrate, and transition technologies to advance the development of vision protection materials and materials for electromagnetic spectrum (EMS) resilience. Work is planned to begin this month.

Leveraging its multi-domain, multi-mission expertise and past performance delivering innovative R&D material solutions to AFRL, AV will advance electronic protection materials through directed energy solutions, test range experience, modeling, and simulation (M&S) capabilities, and space technology transitions. The company has previously supported AFRL through the development of laser-hardened materials and techniques and electronic, photonic, electro-optical, and quantum materials for Intelligence, surveillance, and reconnaissance (ISR) and electronic warfare (EW) missions.

“We have demonstrated unique strengths in managing and executing strategic research programs,” said Dr. John Hogan, Vice President of Advanced Research and Development at AV. “This contract complements and continues our research and development work in material development with AFRL. We are honored to be a trusted partner in this effort.”

The Advanced R&D team at AV, located in Dayton, OH, is dedicated to developing hardened, smart materials that dynamically adapt properties to protect warfighters, their sensors, and their assets, like ground vehicles, aircraft, and structures. With expertise in thermal, optical, and electronic systems, the team identifies challenges and vulnerabilities across various domains and develops material solutions to counteract threats.

 

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.

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pr@avinc.com

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AV Awarded U.S. Army RCCTO Contract for Kinesis, Named Lead Software & Systems Integrator for HMIF

09/29/2025

AV Awarded U.S. Army RCCTO Contract for Kinesis, Named Lead Software & Systems Integrator for HMIF

ARLINGTON, Va., September 29, 2025 –AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced a contract award from the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO) for its tactical mission planning and command and control (C2) software for the Human-Machine Integrated Formations (HMIF) Increment 1 program.

HMIF accelerates the fielding of robotic formations to leverage machines to offload risk and provides Soldiers with additional information for decision-making for armored and infantry formations. Each formation will include ground and air systems and enablers to aid in the human decision-making process to find, fix, and engage enemy targets. HMIF prototype development supports existing and future robotic programs of record by mitigating risk associated with enabling capabilities such as the common architecture, communications and networking.

AV’s software solution, Kinesis, will provide a unified interface to meet the needs of HMIF for mission planning, tactical awareness, autonomy management, and payload control to simplify complex operations and accelerate mission capabilities with unmatched scale and speed.

“AV’s Kinesis software is a true force multiplier that allows a single tactical operator to control a mixed fleet of autonomous systems developed by multiple OEMs, transforming military operations and accelerating our combat readiness,” said Jason Hendrix, AV Vice President and General Manager. “By leveraging the simplicity and scalability of our open and modular software ecosystem, RCCTO is developing HMIF for ultimate mission flexibility–helping warfighters quickly, easily, and safely carry out autonomous missions across domains.”

Trace Stevenson, President of Autonomous Systems at AV, added: “We are delivering superior autonomous solutions to warfighters, not just through our trusted and proven platforms but with our advanced controllers and software capabilities that simplify sophisticated operations, augment force capacity, and drive mission outcomes. Together with U.S. Army RCCTO and an incredible team of industry partners, we are pushing the boundaries of the possible in multi-domain operations.”

Kinesis provides interoperability across tactical C2 platforms, including TAK/ATAK. Its built-in Software Developers Kit creates a collaborative development environment for expanded modularity and integrations of third-party software. To support the HMIF program’s software needs, AV is leveraging strategic partnerships with industry leading expertise from Applied Research Associates’ Neya Systems, Parry Labs, and QinetiQ. The team’s collective capabilities will provide robust solutions that offer unmatched operational efficiency and deliver a comprehensive solution for the U.S. Army’s HMIF requirements.

 

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 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.

/////////////////////////////////////////////////////////////////////////////////////////////////////

For additional media and information, please follow us:

Media Contact:
Ashley Young
pr@avinc.com
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805.795.4108

 

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:

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pr@avinc.com

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AV Appoints Johnathan Jones as Senior Vice President of Cyber and Mission Solutions

09/25/2025

AV Appoints Johnathan Jones as Senior Vice President of Cyber and Mission SolutionsARLINGTON, Va., September 25, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced it has appointed Johnathan Jones to its leadership team as Senior Vice President of Cyber and Mission Solutions (CMS). In this role, Jones will lead the strategic direction and operations of CMS, strengthening AV’s advanced cyber, mission-enabling, and national security capabilities to United States government and defense customers.

“As the intelligence community and defense industry continue to evolve and adapt to emerging threats, AV remains focused on collaboration, adaptability, and delivering asymmetric advantages to our customers through our dedicated CMS group,” said Jones. “I look forward to working with our leadership team and talented workforce to build on our momentum and deliver the mission success our customers demand.”

A seasoned leader and U.S. Air Force veteran, Jones is a proven defense executive who brings more than two decades of experience to the role. Jones began his career as an officer in the U.S. Air Force, supporting multiple space missions before separating at the rank of Captain. For the past 19 years, he has served in multiple leadership roles at AV, increasing in span and scope and contributing to the growth and success the company. Most recently, he played a critical role in the integration of more than 550 employees from the Defense and Interagency Services Business Unit (DISBU), establishing CMS as a cornerstone within AV’s Space Cyber and Directed Energy (SCDE) segment.

“Johnathan has consistently demonstrated the leadership and operational expertise required to take AV to the next level,” said Trip Ferguson, President of SCDE at AV. “His deep understanding of our customers’ missions combined with his proven record inside AV makes him the right leader to strengthen and grow this critical business area.”

Jones earned his bachelor’s degree in aerospace science engineering, graduating summa cum laude, and also received his commission from Tuskegee University, the Historically Black College and University (HBCU) that was home to the Tuskegee Airmen–the first African American military aviators in U.S. history. He earned his master’s degree in business administration from the University of Phoenix. He is a devoted husband and father of three. His wife, also a U.S. Air Force veteran, now serves as a middle school science teacher.

 

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.

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pr@avinc.com

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AV Awarded New Firm‑Fixed‑Price Option for Two BADGER Phased Array Systems, Strengthens Production Framework for SCAR Program

09/19/2025

AV Awarded New Firm‑Fixed‑Price Option for Two BADGER Phased Array Systems, Strengthens Production Framework for SCAR Program

ALBUQUERQUE, NM, September 19, 2025 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leading provider of advanced space and ground-based satellite communication technologies, is proud to announce a new firm‑fixed‑price (FFP) contract option with the U.S. Space Force Space Rapid Capabilities Office for the delivery of two BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource (SCAR) program.

This award represents the first FFP option being executed against the SCAR Other Transaction Agreement (OTA) to enhance the system performance and operational readiness to aid in swift deployment and operational resilience. Future production options remain open for additional SCAR systems.

To meet the increasing demand signal and reinforce production pipelines for BADGER, AV has expanded manufacturing agreements with several key suppliers. This new framework strengthens the BADGER supply chain and ensures current and future orders for the SCAR program are backed by a robust, scalable production infrastructure—accelerating delivery timelines to meet operational demands. These steps will help drive cost and schedule uncertainty out of the program while delivering operational capability to the Space Force.

“We are delivering unmatched technological superiority to usher in a new era of advanced satellite command and control,” said Wahid Nawabi, AV Chairman, President and Chief Executive Officer. “With confidence in the technology and a steadfast commitment to delivering this critical national security priority, our team is scaling BADGER production to match the operational tempo demanded by the Space Force.”

Most key development milestones for the SCAR program have already been completed. AV will deliver the first BADGER unit to the Space Force in the coming months, with more units nearing completion for delivery in early 2026 to support full-scale overseas deployment.  The first system’s Mission Support Container, including electronics and software that control the BADGER units, was delivered this summer–ahead of schedule–and is ready for final integration testing.

“The urgent demand for SCAR is backed by a universal recognition of the expansive satellite tracking, telemetry, and control capabilities it will soon deliver to the Space Force,” said Mary Clum, Executive Vice President for AV’s Space and Directed Energy Group. “We understand. With the technology ready to scale, we have accelerated production and strengthened our supply chain to meet the demand. BADGER is ready. SCAR is coming.”

“The SCAR program is a system of systems that is both a revolutionary leap for satellite command and control and an urgent need to keep pace with the rapidly evolving, contested, congested space domain,” said Dr. Kelly Hammett, Director of the U.S. Space Force Space Rapid Capabilities Office. “We applaud the technical achievements of the AV team that have enabled this transformative moment for satellite communications along with their investments in automation, supply chain, and manufacturing that will serve to stabilize costs and increase scale long-term. When industry and government work together to tackle the toughest challenges, we can accomplish big things–and SCAR is certainly a testament to that strength.”

 

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.

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AV Signs Strategic Partnership with Taiwan’s National Chung-Shan Institute of Science and Technology

09/18/2025

AV Signs Strategic Partnership with Taiwan’s National Chung-Shan Institute of Science and Technology

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.

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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