News & Articles
AeroVironment Receives $21 Million Initial Contract Option for Raven Radio Frequency Modifications Under Previously Awarded U.S. Army Contract with Potential $55 Million Total Value
July 07, 2020 (Press Releases)
- Contract option for Army Small Unmanned Aircraft Systems (SUAS) Flight Control Systems (FCS) domain includes avionics and data link upgrades to modify radio frequency
- Raven tactical unmanned aircraft system is designed for rapid deployment, delivering real-time tactical situational awareness to warfighters
SIMI VALLEY, Calif., July 8, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS), today announced the United States Army exercised the first of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on April 28, 2020. The value of the initial contract option is $21,058,643 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven® tactical UAS, the largest fleet of Raven systems in the world. Delivery will take place over a two-year period.
The Army exercised the option under the FCS domain awarded to AeroVironment by the Army in June 2019. FCS is one of six domains comprising the Army’s existing five-year Indefinite Delivery, Indefinite Quantity (IDIQ) SUAS contract, and has a potential value of up to $55 million.
June 29, 2020 (Case Studies)
Are you familiar with e-waste? Can you think of how e-waste is a part of your life? E-waste, or electronic waste, is the popular term loosely used for electronic products nearing the end of their "useful life." Common e-waste products include TVs, VCRs, printers, computers, monitors, cell phones, and copy machines.
Rapid advances in technology and an expanding demand for new features accelerate the obsolescence of "old" electronics, increasing the volume of e-waste. Constant turnover can result in improper disposal, which leaves tons of salvageable materials such as precious metals, plastics, and glass, as well as hazardous chemicals, in landfills.View More
June 23, 2020 (AV in the News)
As part of its next Mars mission, NASA is sending an experimental helicopter to fly through the red planet’s thin atmosphere.
NASA is about to take to the air on another planet. As part of its next mission to Mars, leaving Earth this summer, the space agency will attempt to do something that has never been done before: fly a helicopter through the rarefied atmosphere of Mars. If it works, the small helicopter, named Ingenuity, will open a new way for future robotic explorers to get a bird’s-eye view of Mars and other worlds in the solar system. “This is very analogous to the Wright brothers moment, but on another planet,” said MiMi Aung, the project manager of the Mars helicopter at NASA’s Jet Propulsion Laboratory over the past six years.View More
June 11, 2020 (AV in the News)
SPACEPORT AMERICA, N.M. - HAPSMobile Inc., a subsidiary of Japan’s telecommunications operator SoftBank Corp. (TOKYO: 9434) has chosen New Mexico’s Spaceport America for test operations and development of a specialized communications platform designed to provide internet connectivity to hard-to-reach places around the globe, Economic Development Cabinet Secretary Alicia J. Keyes announced today.
The company, along with its minority owner and aircraft development partner AeroVironment, Inc. (NASDAQ: AVAV), is working on development of the unmannedsolar-powered High Altitude Platform Station. The stratospheric telecommunicationsplatform, a so-called cell-tower in the sky, is designed to provide better communications tounder-served areas, including rural communities.View More
AeroVironment Receives $9.8 Million Raven and Puma 3 AE Awards from NATO Support and Procurement Agency under Multi-Year Contract with $80 million Potential Value
June 10, 2020 (Press Releases)
- Three-year base contract includes option for an additional two years of logistical support, spares and repair services for existing fleet of Raven, Wasp and Puma tactical unmanned aircraft systems
- AeroVironment’s family of tactical UAS allows customers to use the same ground control station and software for multiple UAS for added simplicity and efficiency
- AeroVironment UAS enabling interoperability across several NATO forces
SIMI VALLEY, Calif., June 10, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of two firm-fixed-price orders totaling $9,804,448 from the NATO Support and Procurement Agency (NSPA). The orders, received on March 5, 2020 and April 16, 2020, encompass the procurement of Raven® and Puma™3 AE tactical UAS and spares. Delivery for the first order is anticipated by August 2020 and the second order by October 2020.View More
June 08, 2020 (AV in the News)
The designer and manufacturer of the Raven, one of the most widespread UAVs of the fixed wing hand launched category, AeroVironment portfolio also includes the lighter Wasp and the heavier Puma, while the most recent adds-on are the Vapor rotorcraft UAVs, available in two models. In late April 2020 the California-based company unveiled a hybrid reconnaissance system, the Quantix Recon, capable of vertical take-off and landing and flying horizontally exploiting the lift provided by its wings while the four rotors/propellers provide the necessary thrust.
Its first international appearance would have been at Eurosatory 2020, but this will not be the case, so here are some details on the last product from AeroVironment.View More
June 04, 2020 (Press Releases)
SIMI VALLEY, Calif.– AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced that Wahid Nawabi, president and chief executive officer, Kevin McDonnell, senior vice president and chief financial officer, and Steven Gitlin, chief marketing officer and vice president of investor relations, will participate in a virtual fireside chat at the William Blair Growth Stock Conference on Tuesday, June 9, 2020 at 7:20 a.m. PT / 10:20 a.m. ET.
A live audio webcast of the fireside chat will be available in the Events and Presentations section of the AeroVironment website at https://investor.avinc.com/events-and-presentations. A replay of the webcast will be available for 90 days.View More
June 03, 2020 (Press Releases)
SIMI VALLEY, Calif.– AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the promotion of Ken Karklin, Senior Vice President, to the role of chief operating officer, effective immediately. “Ken has demonstrated his ability to lead key functions within our organization and, on behalf of our Board of Directors and executive team, we congratulate him on his new role as chief Operating Officer,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We look forward to his ongoing contributions to supporting our customers’ success, maintaining our market leadership and driving growth across our business. With the support of Ken and our talented team, we continue to execute our strategy effectively, with a focus on producing long-term value for our stockholders.”View More
United States Army Awards AeroVironment $146 Million Lethal Miniature Aerial Missile Systems (LMAMS) Contract Funded at $76 Million for First Year of Switchblade Systems Procurement
May 14, 2020 (Press Releases)
- AeroVironment’s combat proven Switchblade with patented wave-off feature provides operators with increased lethality, reach and precision strike capabilities with low collateral effects
- First year of funding approved through Joint Urgent Operational Need Statement, reflecting high-priority requirement and strong user demand from the frontline
- AeroVironment provides full system solution, including Switchblade systems, operator training, support and logistics
SIMI VALLEY, Calif., at vSOFIC, May 14, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), announced the receipt of a one-year, $75,930,901 funded contract award on April 30, 2020 from the United States Army for procurement of the company’s Switchblade® loitering missile system. The contract award was funded for the first year of procurement through a Joint Urgent Operational Need Statement from the United States Army Tactical Aviation and Ground Munitions (TAGM) project office. Start of deliveries is anticipated by September 2020. Two additional one-year options, currently unfunded, would extend the period of performance through April 2023 on a sole-source basis.View More
AeroVironment Awarded $2.6 Million Contract from U.S. Ally to Enhance Existing Puma™ Fleet with Puma LE Capabilities, Plus Existing Fleet Support
May 12, 2020 (Press Releases)
- Contract includes spares to support customer’s existing fleet of tactical unmanned aircraft systems (UAS) and adoption of Puma LE (Long Endurance)
- Puma LE provides Group 2 features in a Group 1 footprint, 5.5-hour endurance and persistent data with increased time on station in an economical two-case mission packout
- Customer is one of more than 45 allied governments employing AeroVironment’s innovative family of tactical UAS
SIMI VALLEY, Calif., at vSOFIC, May 12, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced that a U.S. ally and longtime customer awarded the company a firm-fixed-price contract valued at $2,685,057 on February 20, 2020 for AeroVironment’s recently introduced Puma™ LE. The order also included spares to support the customer’s existing fleet of AeroVironment tactical UAS. The contract award period of performance is one year.View More