News & Articles

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Source: AeroVironment Inc.

Can Insects Provide the “Know-How” for Advanced Artificial Intelligence?

December 02, 2019

The Defense Advanced Research Projects Agency (DARPA) has set out to find ways to build artificial intelligence (AI) systems that are as efficient at computing and processing as the brain of small flying insects. DARPA wants to explore cutting-edge technology that involves the study of insect brains and their ability to react to the world around them with minimal computation.

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Source: AeroVironment Inc.

Puma™ LE – Jane’s Defence Weekly

November 23, 2019

AeroVironment – A History of Innovation

“Innovation is embedded into AeroVironment’s DNA and drives everything we do – from expanding the capabilities of small unmanned aircraft systems to creating new technology solutions that provide increased force protection across multiple domains. When the stakes are highest, customers trust AeroVironment’s UAS solutions to provide the actionable intelligence they need to proceed with certainty.” 

WAHID NAWABI, PRESIDENT AND CHIEF EXECUTIVE OFFICER, AEROVIRONMENT

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Source: AeroVironment Inc.

AeroVironment Settles with United States Department of State for Voluntarily Reported Alleged Export Violations

November 21, 2019
  • The company voluntarily reported issues from the period June 5, 2014 to December 22, 2016
  • U.S. Department of State cites the company’s efforts to improve compliance and finds no cause for debarment

SIMI VALLEY, Calif., Nov 21, 2019AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced it has reached a settlement with the United States Department of State for alleged export violations the company reported voluntarily for the period June 5, 2014 to December 22, 2016.AeroVironment has agreed to pay $1,000,000 over a two-year period, $500,000 of which is suspended and can be credited against investments already made or to be made to enhance export controls. AeroVironment will also hire an outside Special Compliance Officer (SCO) for a term of one year and conduct an external audit to assess and improve its compliance program during the Consent Agreement term.

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Source: AeroVironment Inc.

AeroVironment Awarded $12 Million Support Contract from Major Middle Eastern Ally

November 14, 2019
  • Contract includes support, spares and repair services for existing fleet of Puma and Raven tactical unmanned aircraft systems
  • More than 45 allied governments deploy systems from AeroVironment’s innovative family of tactical UAS

SIMI VALLEY, Calif., Nov. 14, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced a major Middle Eastern ally awarded the company a firm fixed-price contract valued at $11,999,992 on October 25, 2019 for logistics support, spares, and repair services in support of its existing fleet of AeroVironment’s Puma™ AE and Raven® B tactical UAS. The contract award period of performance is two years.

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Source: AeroVironment Inc.

AeroVironment Wins U.S. Army Contract Valued at Up to $55 Million for Radio Frequency Modifications to Raven® B Unmanned Aircraft Systems

November 13, 2019
  • Potential contract options total as much as $55 million; initial base delivery order is $862,488
  • Hand-launched AeroVironment Raven is the most widely used military unmanned aircraft system in the world

SIMI VALLEY, Calif., Nov. 13, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, announced the U.S. Army awarded the company a firm-fixed-price contract on June 6, 2019 to begin radio frequency modifications on its currently deployed Raven® UAS. The initial base delivery order is $862,488, with potential contract options valued up to $55 million.

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Source: AeroVironment Inc.

HAPSMobile Successfully Completes Second HAWK30 Solar HAPS Test Flight

November 07, 2019

HAPSMobile Inc. (“HAPSMobile”), a subsidiary of SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment, Inc. (NASDAQ: AVAV), today announced the second successful test flight of the HAWK30 solar-powered high-altitude platform system (HAPS) that took place on October 23, 2019 (PT) at the NASA Armstrong Flight Research Center in California.

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Source: AeroVironment Inc.

Southeast Asian Military Customer Awards AeroVironment $6.4 Million Raven Tactical UAS Follow-On Contract Award

November 04, 2019
  • New order expands customer’s fleet of Raven systems
  • Raven is the most widely used military unmanned aircraft system in the world
  • AeroVironment’s Family of Tactical UAS are deployed by more than 45 allied governments

SIMI VALLEY, Calif., Nov. 4, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a firm fixed-price contract valued at $6,408,542 from an existing Southeast Asian military customer on September 17, 2019 for additional Raven® unmanned aircraft systems. Delivery is anticipated within 12 months.

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Source: AeroVironment Inc.

AeroVironment Receives $5.25 Million Puma 3 AE Contract for U.S. Border Patrol

October 22, 2019
  • Award builds on the U.S. Border Patrol’s ongoing use of Puma AE small unmanned aircraft systems for border and homeland security
  • U.S. Border Patrol agents rapidly deploy Puma AE anywhere, anytime, in any environment for continuous or on-demand spot surveillance

SIMI VALLEY, Calif., Oct. 22, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), received a $5,254,912 firm fixed-price contract award for PumaTM 3 AE systems and support equipment on August 8, 2019 for the U.S. Border Patrol, part of the U.S. Customs and Border Protection (CBP). Delivery is anticipated by January, 2020.

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Source: AeroVironment Inc.

AeroVironment Recognized as a Great Place to Work-Certified Company

October 21, 2019

SIMI VALLEY, Calif., Oct 21, 2019 – Great Place to Work®, the global authority on workplace culture, employee experience and leadership behaviors, has recognized AeroVironment, Inc. (NASDAQ:AVAV) as a Great Place to Work-Certified™ company.

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Source: AeroVironment Inc.

AeroVironment Launches New Puma™ LE, Delivering Group 2 Capabilities in a Group 1 Footprint with Increased Range, Endurance and Payload Capacity

October 14, 2019
  • Rapidly deployable via hand-launch, Puma LE’s 5.5-hour endurance delivers persistent data with increased time on station, in an economical two-case mission packout
  • Puma LE’s 5.5-pound total payload capacity includes a secondary payload bay with dedicated power supply and Ethernet connection, making Puma LE the ideal multi-mission platform for third-party payload integration
  • Shared plug-and-play interoperability with Puma AE components reduces logistical and training impact

WASHINGTON, at AUSA 2019 Annual Meeting & Exposition, Booth #425, Oct. 14, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced the launch of Puma LE (Long Endurance), the next generation in its Puma All Environment small UAS product line. Puma LE builds on the combat-proven Puma AE legacy with new capabilities, increased range, and expanded payload capacity. With the integrated Mantis i45 gimbaled EO/IR sensor and NVG-visible laser illuminator, Puma LE provides the warfighter with superior imagery for intelligence, surveillance, and reconnaissance (ISR) during day, night and low-light operations on land and in maritime environments.

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