AeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments

January 13, 2021
  • Total transaction value of $405 million in cash and stock
  • Arcturus UAV’s complementary capabilities provide program diversification, increase key customer penetration and enhance shareholder value
  • Arcturus UAV is well positioned for ongoing United States Special Operations Command (USSOCOM) Mid-Endurance UAS (MEUAS) task orders, United States Army Future Tactical UAS (FTUAS) program delivery orders and international contracts

  • Expected to be immediately accretive to revenue growth, adjusted EBITDA margin and non-GAAP diluted EPS, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS by fiscal year 2022
  • AeroVironment to host conference call and audio webcast at 2:00 pm Pacific Time today

SIMI VALLEY, Calif. Jan 13, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, and Arcturus UAV, Inc., a privately-held leading provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, today announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment and Arcturus UAV Boards of Directors, is expected to accelerate AeroVironment’s strategy to drive profitable growth and value by expanding into attractive adjacent segments and by broadening its capabilities and customer footprint.

Founded in 2004 and based in Petaluma, California, Arcturus UAV has approximately 270 employees, designs and manufactures Group 2 and Group 3 UAS and provides related services, including contractor-owned, contractor-operated (COCO) services. Arcturus UAV is a leading supplier to the USSOCOM, supporting its $1.4 billion MEUAS III and IV programs, and one of four awardees selected for funded development and demonstrations supporting the U.S. Army’s FTUAS program, a potential billion dollar, next-generation UAS program. Arcturus UAV has a demonstrated track record of solid performance, with topline growth exceeding 20 percent for each of its last two fiscal years.

“We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Group 2 and 3 UAS and services, collectively, potentially represent more than one billion dollars in annual contract value, according to an independent forecast. Combining our highly complementary products and technologies will enhance our portfolio, deliver top and bottom-line growth, and enable us to provide customers with a complete set of Group 1 through 3 UAS, tactical missile systems, high-altitude pseudo-satellites and unmanned ground vehicle solutions. Through this expanded portfolio, we will be well positioned to serve a broader range of customer missions across multiple domains and significantly enhance value for shareholders over the near and long-term.” 

“The Arcturus UAV team has produced strong growth in recent years and has secured strategically important wins in the MEUAS and FTUAS programs, positioning Arcturus as a leader for next-generation program requirements. Together, we will offer an unmatched portfolio of multi-domain unmanned capabilities, supported by our ongoing investments in artificial intelligence and autonomy, to help our customers address a broad set of defense and commercial missions. We look forward to welcoming Arcturus UAV’s talented team, strong customer relationships in growing UAS segments and robust pipeline of innovations to AeroVironment,” Mr. Nawabi added.

“AeroVironment’s depth of experience in UAS and tactical missile systems, international presence, and impressive team is a natural fit for Arcturus UAV, and will create substantial opportunities to build on our strong momentum,” said D’Milo Hallerberg, Arcturus UAV president and chief executive officer. “With the support of AeroVironment, we will have greater scale, expanded resources, cutting-edge technology and superior capabilities to meet the growing global demand for our products and solutions. We are confident that with AeroVironment, we can accelerate our growth as part of a larger, more diverse company and look forward to working closely with the team to complete this exciting transaction.”

Arcturus UAV’s products include the JUMP-20, a multi-mission, medium endurance vertical takeoff and landing (VTOL) system requiring no launch equipment or runway and the T-20, a multi-mission, medium endurance catapult-launched system. Arcturus UAV sells its products directly to end users and delivers COCO services. All Arcturus UAV systems have the ability to carry a broad range of payloads, including standard EO/IR gimbals as well as 3-D mapping, SAR, LIDAR, communications relay, COMINT and SIGINT payloads. 

AeroVironment expects the acquisition to be immediately accretive to adjusted EBITDA, excluding deal and integration costs, and non-GAAP diluted earnings per share, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS in fiscal year 2022, while increasing pro forma net leverage to 0.5 times adjusted EBITDA.

Upon completion of the transaction, key members of the Arcturus UAV executive management team will remain in leadership positions. The transaction is expected to close during fourth quarter of AeroVironment’s fiscal year 2021, subject to customary closing conditions and regulatory approvals. At close, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment.

The purchase price represents a multiple of approximately 11x Arcturus UAV’s LTM 9/30/20 adjusted EBITDA, net of anticipated tax benefits. In connection with the acquisition, AeroVironment has received commitments for a $200 million Term Loan Facility and $100 million revolver (undrawn at close) with Bank of America, N.A. acting as Administrative Agent, and with BofA Securities, Inc., JPMorgan Chase Bank, N.A. and U.S. Bank National Association acting as arrangers. AeroVironment will fund approximately $155 million of the acquisition from cash on hand.

Conference Call and Presentation
In conjunction with this release, AeroVironment, Inc. will host a conference call today, Wednesday, January 13, 2021, at 2:00 pm Pacific Time that will be webcast live. Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Steven A. Gitlin, chief marketing officer and vice president of investor relations, will host the call.

Date: January 13, 2021
Time: 2:00 PM PT (3:00 PM MT, 4:00 PM CT, 5:00 PM ET)
Toll-free: (877) 561-2749
International: (678) 809-1029
Conference ID: 9291188

Investors with Internet access may listen to the live audio webcast via the Investor Relations section of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation can be accessed at https://investor.avinc.com/events-and-presentations.

An audio replay of the event will be archived on the Investor Relations page of the company's website, at http://investor.avinc.com. The audio replay will also be available via telephone from Wednesday, January 13, 2021, at approximately 4:30 p.m. Pacific Time through Wednesday, January 20, 2021, at 4:30 p.m. Pacific Time. Dial (855) 859-2056 (U.S.) or (404) 537-3406 (international) and provide the conference ID 9291188.

Advisors

Jefferies LLC served as exclusive financial advisor and K&L Gates served as legal advisor to AeroVironment in connection with the transaction.
Evercore served as exclusive financial advisor and Hogan Lovells served as legal advisor to Arcturus UAV in connection with the transaction.

About Arcturus UAV, Inc.
Arcturus UAV designs, manufactures, and configures complete unmanned aircraft systems, including fixed-wing VTOL aircraft, ground control systems, and launch systems and provides comprehensive integration of non-standard as well as user-specified avionics and payloads. Arcturus UAV also provides full-service flight operations to U.S. Military customers. For more information, visit www.arcturusuav.com.

Contacts

Media:

Andrew Siegel or Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449

AeroVironment Corporate Communications
+1 (805) 520-8350
pr@avinc.com

Investors:
AeroVironment, Inc.
Makayla Thomas
+1 (805) 520-8350
ir@avinc.com


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment continues to bolster local communities through its IMPACT! Corporate Social Responsibility Program.

January 11, 2021

AeroVironment's Huntsville office recently took action to participate in the company's IMPACT! Program by getting involved in several local activities.

AeroVironment donated $2500 to the 2020 Still Serving Veterans (SSV) Golf Tournament. The annual event took place Friday, Oct. 9, in Cullman, Ala. All proceeds went to support veterans.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Introduces Extended Range Antenna (ERA), Expanding UAS Command and Control up to 40 Kilometers in a Lightweight, Portable Form Factor

December 10, 2020
  • Cost-effective optional antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna
  • Provides operators 100 percent greater controllable range over standard RF head antenna with minimal logistical footprint
  • Add-on kit narrows antenna beam width, extending command and control range up to 40 km

SIMI VALLEY, Calif., Dec. 10, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the introduction of its Extended Range Antenna (ERA), the latest addition to AeroVironment’s growing line of network connectivity solutions. The ERA is a lightweight, portable antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna to support a diverse range of missions.

The ERA add-on kit narrows the antenna beam width, extending the command and control range up to 40 kilometers (24.9 miles) with minimal impact to its size, weight and power (SWAP) footprint. Similar to the standard RF head antenna, the ERA is manually positioned. The included RF Unit switch allows users to toggle between omnidirectional mode, for short-range operations, and extended range mode, for longer-range operations. The ERA supports both M1/2/5 and M3/4/6 Digital Data Link (DDL) operating bands.

By adding the ERA kit to their existing AeroVironment RF antenna, UAS flight operators can immediately expand their operational capabilities, gaining actionable battlefield intelligence at greater stand-off range to maximize their stealth and safety. When used in combination with other AeroVironment network connectivity options, the ERA provides an enhanced level of operational flexibility. This enables teams to coordinate command and control transfer of UAS, such as Puma LE, easily over greater distances, maximizing the aircraft’s multi-mission capabilities, in day or night operations, across dynamically changing environments.

“AeroVironment continues to incorporate direct customer and user feedback into our product development investments to address increasingly complex and dynamic mission requirements,” said Rick Pedigo, AeroVironment vice president of sales and business development. “Not only do operators benefit from available options in terms of UAS capabilities, but they can also benefit from a selection of antenna options that are portable, easy to operate and provide extended range and multi-mission capabilities.”

Further expanding its connectivity solutions, AeroVironment recently announced updates to its Long Range Tracking Antenna (LRTA), which it now offers in two versions to support M1/2/5 and M3/4/6 DDL frequency bands. AeroVironment’s network connectivity product line includes the pocketable, short-range pDDL (5 km), standard RF antenna (20 km), ERA (40 km) and LRTA (60 km) capabilities in both M1/2/5 and M3/4/6 bands.

For more information on AeroVironment’s network connectivity solutions, visit www.avinc.com/tuas/network-connectivity.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter, comprise AeroVironment's family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Acquires Telerob, a Leader in Ground Robotic Solutions, to Expand Multi-Domain Unmanned Systems Offering and Global Presence

December 08, 2020
  • Transaction will combine leaders in unmanned aircraft systems (UAS) and unmanned ground vehicles (UGV) for broader, integrated mission solutions in air, near-space, ground and maritime domains
  • AeroVironment’s strong partnership with the United States Department of Defense and presence in 50 allied nations, combined with Telerob’s 45 nation footprint and multi-industry customer base, create significant opportunities for growth and value creation
  • AeroVironment and Telerob competing for multi-year United States Air Force Explosive Ordinance Disposal (EOD) robotic system program and pursuing multiple additional opportunities
  • Acquisition expected to be accretive within two years to AeroVironment GAAP EPS, and accretive to non-GAAP EPS in fiscal year 2022

SIMI VALLEY, Calif. - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced it has entered into an agreement to acquire Telerob Gesellschaft für Fernhantierungstechnik mbH, a German leader in ground robotic solutions with a global footprint, for approximately $45.4 million (€37.5 million) in cash, and will pay-off approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob’s shareholder has the potential to receive an additional earn-out over three years of up to approximately $7.3 million (€6 million) based upon achieving specific milestones.

Founded in 1994, Telerob offers one of the industry’s most advanced and comprehensive turn-key unmanned ground robotics solutions, including the telemax and tEODor EVO family of UGVs, fully-equipped transport vehicles and training, repair and support services. Telerob’s cutting-edge solutions safely and effectively perform a variety of dangerous missions, including explosive ordinance disposal (EOD), hazardous materials handling (HAZMAT) and chemical, biological, radiological and nuclear (CBRN) threat assessment. Telerob’s ruggedized UGVs possess all-terrain capabilities and offer some of the most advanced, specialized, precision manipulators, autonomous functionality and intuitive operation to deliver a high degree of mission flexibility. Telerob’s customers span 45 countries and numerous applications, including homeland security, emergency response and defense. Telerob is based near Stuttgart, Germany, with its U.S. office in Erie, PA.

“Acquiring Telerob marks a significant step toward achieving AeroVironment’s goal of offering an integrated portfolio of intelligent, multi-domain robotic solutions in response to evolving threat environments and customer requirements for more effective, rapid and cost-effective capabilities,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Telerob’s advanced, proven ground robotic solutions provide a valuable capability to complement our market leading tactical UAS and tactical missile solutions and address a broader set of missions for our customers.”

“Telerob’s recent track record of strong revenue growth and its culture of innovation and agility align extremely well with AeroVironment. We look forward to welcoming the talented Telerob team to AeroVironment,” Nawabi added. “Together, we will focus on delivering continued growth in our existing businesses, addressing significant new adjacent market opportunities and developing new technologies and combined solutions to drive shareholder value and help our customers proceed with certainty.”

AeroVironment also announced that it recently submitted a proposal in partnership with Telerob to the United States Air Force for its multi-year, EOD robotic system program. AeroVironment’s strong track record supporting the Department of Defense and its proven delivery and support capabilities, coupled with Telerob’s advanced robotic system offering, represent a compelling solution for the Air Force mission. AeroVironment plans to pursue additional, significant domestic UGV opportunities with the United States Navy, Marine Corps, Air National Guard and numerous police forces. Specific international opportunities include UGVs for security at airports in a Middle Eastern allied nation and multiple UAS programs with the German Federal Ministry of Defense, which Telerob’s local presence supports.

“AeroVironment is a leader in unmanned systems, with a compelling vision for integrated robotic solutions that Telerob can help to achieve,” said Norbert Gebbeken, Telerob managing director. “We are excited to become part of the AeroVironment team and look forward to developing and delivering the advanced, integrated robotic solutions that will expand our reach and help our customers succeed. We are confident that working together, we will accelerate the progress underway and create greater opportunities to expand our geographic and customer footprint.”

AeroVironment expects the acquisition to be accretive to GAAP EPS in two years, and to non-GAAP EPS in fiscal year 2022, excluding intangible amortization and integration costs. Upon closing, Telerob will operate as a wholly-owned subsidiary of AeroVironment, which plans to retain its entire team. The acquisition is expected to close by the Spring of 2021, subject to German government clearance.

BNP Paribas Securities and King & Spalding LLP advised AeroVironment on the transaction.

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

About Telerob

Telerob Gesellschaft für Fernhantierungstechnik mbH is an independent, medium-sized, owner-managed company based in Ostfildern near Stuttgart, Germany, producing defense and homeland security solutions. The product range includes remote-controlled robots for disarming improvised explosive devices and investigating CBRN hazards, fully equipped service vehicles as well as mobile system solutions ensuring the safety and security of critical infrastructure and people. For more information, visit https://www.telerob.com/en/.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Mark Boyer
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AUVSI Xponential 2020 – Government Solution Series (GSS)

December 07, 2020

Future Defining Capabilities At the Battlefield’s Edge:

Small unmanned aircraft systems and tactical missile systems are transforming the capabilities of the front-line warfighter operating in today’s most dangerous environments. This session will address the ever-evolving threats across multi-domain operations, and how tactical unmanned aerial assets are enabling ground forces to proceed with certainty - gaining situational awareness and delivering precision strike capabilities at the battlefield’s edge. Join AeroVironment to learn how advancements in Unmanned Tactical Air Power is benefiting small unit forces and the technology innovations that are re-defining the future for UAS.

Moderated Panel Discussion:

- Moderator: Steve Gitlin, Vice President and Chief Marketing Officer, AeroVironment

- AV SME Speaker Panel:

      • Gorik Hossepian, Vice President, Product Line Management, UAS, AeroVironment
      • Scott Newbern, Vice President and CTO, AeroVironment


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Defence & Security: Rapidly Deployable UAV Situational Awareness for International Defence Forces with combined lethality

November 24, 2020

We recently saw the announcement of the Switchblade 600 by AeroVironment, one of the global leaders in military rapidly deployable unmanned aerial vehicle platforms. With technology rapidly evolving, offering frontline forces the latest in situational awareness, we spoke with Steve Gitlin, CMO at AeroVironment just how far these deployable systems have come and how militaries can have access to not only situational awareness in real time, but with lethality options to neutralize and win engagement in the battlefield.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
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Switchblade: From Gun-Launched UAV to Precision Strike Loitering Missile System

November 24, 2020

Imagine a frontline defense that could neutralize your enemy within seconds and save your life and the lives of those around you. The movie "The Hurt Locker" features a scene in which the protagonists are pinned down overnight by a single sniper. Every time a member of their group peeks over the embankment to fix the location of the sniper, they are shot. Now, imagine if the team possessed a tube-launched air vehicle that they could launch at will and use to find, fix and neutralize the sniper without placing anyone in harm's way. That "imaginary" frontline defense solution is real, and it's called Switchblade.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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National Defense: New Threat Environments Require Agile Tactical Solutions

November 02, 2020
Folms graphic portrait omar

For nearly 20 years the United States Department of Defense (DoD) has planned, trained, equipped and engaged in counter-insurgency (COIN) operations around the world against adversaries whose technical and numerical disadvantages require them to employ asymmetric tactics. Today, U.S. and allied military planners are increasingly shifting their focus to a new era of great power competition against peer or near-peer threats that possess the ability to project power over distance and deny ready access to contested areas. Click here to download full PDF.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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HAPSMobile’s Stratospheric Test Flight Opens A New Chapter for the Internet

October 22, 2020

HAPSMobile Inc., a SoftBank Corp. (TOKYO: 9434) subsidiary launched in 2017 with the mission of bridging the digital divide, marked two major milestones on September 21, 2020. First, the solar-powered, unmanned aircraft “Sunglider” took flight in the stratosphere for the first time. Second, Sunglider also successfully delivered an LTE connection from the stratosphere during the flight, marking a world first for a fixed-wing High Altitude Platform Station (HAPS) autonomous aircraft.

With a communications payload under its wing, Sunglider functions like a base station floating in the sky. Circling the stratosphere above the earth, it transmits radio waves down to mobile phones on the ground. This means it can reach areas where it is difficult to build infrastructure, including remote areas and developing countries. Since it flies in the stratosphere and is therefore unaffected by weather on the ground, Sunglider can also deliver connectivity when disasters strike.

While the concept may seem far out--in fact, HAPSMobile President & CEO Junichi Miyakawa was originally inspired by the Japanese fantasy anime classic “Castle in the Sky” before launching the business--HAPSMobile’s landmark flight and communication tests have shown that it is making great progress on its mission to connect the unconnected, which now accounts for roughly half of the world’s population.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Viasat, AeroVironment Team to Develop Enhanced Type 1 Encrypted Communications Capabilities for U.S. Army Unmanned Aircraft Systems

October 15, 2020

CARLSBAD, Calif. and SIMI VALLEY, Calif., Oct. 15, 2020 -- Viasat Inc. (NASDAQ: VSAT), a global communications company, and AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced they will collaborate on a contract awarded under the U.S. Army Reconfigurable Communications for Small Unmanned Systems (RCSUS) initiative. The project will provide U.S. military customers flying small UAS platforms the ability to deploy a robust, on-demand, highly-secure communications network that will address the growing electronic warfare capabilities of peer and near-peer adversaries.

Viasat is the prime contractor on the award and will work with AeroVironment to develop and demonstrate advanced, encrypted communications suitable for AeroVironment’s portable, hand-launched Puma AE™ tactical UAS. The two companies will seek to strengthen the communications and transmission security of AeroVironment’s Digital Data Link™ (DDL) radios currently used by the U.S. Army by converting them into a Type 1 crypto communication system for video and data transmission.

In addition, Viasat and AeroVironment will develop critical interoperability standards for enabling UAS to generate a secure, digitally encrypted communications network—for protecting classified data and improving waveform performance in jamming environments—via the embedded DDL waveform. They will also create a standardized communications architecture that will allow UAS to access spectrum quickly and easily, especially when operating in contested environments.

“Viasat’s robust military-grade cryptography and electronic countermeasure tactical waveform design will enable quick expansion of secure communications to a variety of small unmanned systems operating at the tactical edge,” said Ken Peterman, president, Government Systems, Viasat. “By collaborating with AeroVironment, an established leader in the tactical UAS sector, we can help the U.S. Army set new waveform standards that maximize connectivity and minimize the risk of signal intercept.”

Currently, tens of thousands of AeroVironment tactical unmanned aircraft are deployed around the world and are capable of serving as secure, digital network communication nodes for on-demand, mesh network applications in various operating environments.

“As U.S. forces plan for the potential of operating against peer and near-peer military adversaries possessing advanced electronic warfare capabilities, the need for even more secure communication capabilities is rapidly increasing,” said Scott Newbern, AeroVironment chief technology officer. “We will work with Viasat to provide customers requiring enhanced, secure communication capabilities with a portable, practical solution for maintaining secret-level communications via tactical unmanned aircraft systems operating at the battlefield’s edge.”

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

About Viasat

Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat’s Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements that refer to the collaboration between Viasat and AeroVironment; the development and demonstration of a prototype and standards for the DDL waveform, and the benefits afforded thereby. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: product defects, manufacturing issues or delays, contractual problems, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the government and defense sectors generally. In addition, please refer to the risk factors contained in AeroVironment and Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and AeroVironment’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat and AeroVironment undertake no obligation to update or revise any forward-looking statements for any reason.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Family of Loitering Missile Systems Virtual Press Briefing

October 13, 2020

Join us for an in depth discussion about the capabilities of AeroVironment's Family of Loitering Missile Systems featuring Switchblade® 600 as the newest product in the portfolio. Switchblade 600 builds on the Switchblade 300 tactical missile system’s battle-proven loitering missile performance with longer endurance, range, a new touch screen control and enhanced lethal effects for mission success across multiple domains.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Secures $8.4 Million Puma 3 AE Unmanned Aircraft Systems Foreign Military Sales Contract Award for U.S. Ally

October 13, 2020
  • Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical intelligence, surveillance and reconnaissance (ISR) in maritime and land operations
  • Customer is among the 50 allied government forces relying on AeroVironment’s innovative family of tactical unmanned aircraft systems (UAS); Foreign Military Sales (FMS) program promotes interoperability among U.S. and allied forces for joint operations
  • Long-Range Tracking Antenna (LRTA) enables 60 kilometer range, and is now available in both M1/2/5 and M3/4/6 Digital Data Link (DDL) military operating bands

SIMI VALLEY, Calif., Oct. 13, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it secured a $8,371,332 firm-fixed-price U.S. Department of Defense FMS contract award on September 25, 2020 for Puma™ 3 AE tactical UAS, training and support to an allied nation. Delivery is anticipated by March 2021.

“The United States Department of Defense and the defense forces of 50 allies nations around the world rely on AeroVironment’s family of tactical unmanned aircraft systems to protect and empower frontline troops in the harshest operating environments,” said Rick Pedigo, vice president of sales and business development at AeroVironment. “With an unmatched track record for reliability and effectiveness in combat, training and humanitarian operations, and a roadmap of continuous enhancement and innovation into the future, customers can rely on AeroVironment to proceed with certainty into any operational scenario.”

The AeroVironment Puma 3 AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and operates for up to 2.5 hours at line-of-sight range of 20 kilometers with a standard antenna, and up to 60 kilometers with AeroVironment’s Long-Range Tracking Antenna. Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the tactical UAS class.

To expand operational range, AeroVironment’s Long-Range Tracking Antenna (LRTA) can be used with Puma 3 AE, and all other Digital Data Link (DDL) equipped UAS, increasing line-of-sight command and control up to 60 kilometers. The LRTA features a directional antenna mounted on a tracking positioner that allows for automatic or manual tracking of an aircraft at an extended stand-off range. In addition, an omnidirectional antenna provides redundancy and 360-degree coverage with reduced range capabilities. The LRTA is now offered in two versions – M1/2/5 and M3/4/6 – to support all DDL frequency bands and fit diverse mission needs.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
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AeroVironment Successfully Completes Sunglider Solar HAPS Stratospheric Test Flight, Surpassing 60,000 Feet Altitude and Demonstrating Broadband Mobile Connectivity

October 07, 2020
  • Sunglider reaches stratospheric altitude in 20-hour test flight
  • Successfully demonstrates broadband mobile communication on consumer smartphones, linking teams in Tokyo, New Mexico and Silicon Valley

SIMI VALLEY, Calif., Oct. 7, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announcedthe Sunglider™ solar-powered high-altitude pseudo-satellite (HAPS) achieved key test milestones, including reaching an altitude of more than 60,000 feet above sea level and successfully demonstrating mobile broadband communication. Sunglider’s development and testing is funded by HAPSMobile Inc., a joint venture majority-owned by SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment.

During the test flight, which began at 5:16 am MDT on September 21 and concluded at 1:32 am MDT on September 22, the AeroVironment team piloted Sunglider to a stratospheric altitude of 62,500 feet above Spaceport America in New Mexico. Sunglider successfully achieved major test objectives relating to propulsion, power systems, flight control, navigation and datalink integrity, as well as structural performance during the most turbulent phases of the flight as it entered and exited the jet stream.

The broadband communication demonstration successfully linked teams in Tokyo, Spaceport America and Silicon Valley using an LTE payload jointly developed by Alphabet’s Loon LLC and HAPSMobile. Employing standard LTE smartphones, a team at Spaceport America conducted multiple video calls via the Sunglider’s payload while the aircraft circled for more than five hours in the stratosphere.

“In less than three years AeroVironment and HAPSMobile have made incredible progress, developing two Sunglider solar HAPS unmanned aircraft and performing five consecutive flight demonstrations, culminating in this latest significant milestone,” said Wahid Nawabi, president and chief executive officer of AeroVironment. “Reaching stratospheric altitude, maintaining continuous flight for more than 20 hours, achieving key test objectives and demonstrating seamless broadband communication illustrate the tremendous potential HAPS technology offers to expand connectivity globally. We look forward to maintaining our momentum toward aircraft certification and commercialization, working in close partnership with HAPSMobile as we establish a disruptive capability that offers tremendous value creation potential.”

The Sunglider, a solar-powered HAPS, has a wingspan of 262 feet and is propelled by 10 electric motors powered by solar panels covering the surface of the wing and rechargeable battery packs, resulting in zero emissions. Flying at an altitude of approximately 65,000 feet above sea level and above the clouds, the Sunglider can carry payloads weighing as much as 150 pounds and is designed for continuous, extended missions of months without landing.

To view footage from the Sunglider solar HAPS stratospheric test flight, click here.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
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Mark Boyer
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+1 (310) 229-5956
.(JavaScript must be enabled to view this email address)

AeroVironment Introduces Family of Loitering Missile Systems Featuring New Switchblade 600, Delivering Precision Strike Capabilities at the Battlefield’s Edge

October 01, 2020
  • Switchblade 600 builds on battle-proven Switchblade 300, with patented “wave-off” feature and ability to recommit, with increased range, extended endurance and multi-purpose anti-armor munition for use against larger, hardened targets
  • Lightweight, self-contained Switchblade 600 launch tube system allows for deployment flexibility from fixed and mobile platforms on land, in air or at sea
  • Switchblade 600 with advanced EO/IR gimbaled sensor suite, precision flight control and more than 40 minutes of endurance delivers immediate reconnaissance, surveillance, and target acquisition
  • New tablet-based Fire Control System allows operators to easily train, plan missions and execute flight operations

SIMI VALLEY, Calif., Oct. 1, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the introduction of its family of loitering missile systems, featuring the new Switchblade 600. Switchblade 600 builds on the battle-proven track record of Switchblade 300 to define a new category of extended range loitering missiles. The U.S. Army recently awarded AeroVironment a $76 million contract award for Switchblade 300 system procurement and support as part of the Lethal Miniature Aerial Missile System (LMAMS) program. Based on the same tube-launched, collapsible wing, electric propulsion architecture as Switchblade 300, the new, larger Switchblade 600 offers expanded capabilities for engaging larger, hardened targets at greater distances.

“Since pioneering the loitering missile category with Switchblade 300 more than 10 years ago, AeroVironment has worked with multiple new customers to develop scalable variants that could address new mission requirements,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Now that Switchblade 300 has been adopted by the U.S. Army for its LMAMS program, our customers are eager to deploy Switchblade 600 because it can address larger, hardened targets in a more precise, rapid and cost-effective manner than legacy missile systems. We anticipate continued expansion of our family of loitering missile systems to help our customers proceed with certainty across a broader set of missions.”

Rapidly deployable, highly maneuverable, with high performance optics and scalable munition payloads, AeroVironment’s Switchblade loitering missile systems enable the warfighter to easily launch, fly, track and engage beyond line-of-sight targets and light armored vehicles with lethal effects and minimal or no collateral damage. A required man-in-the-loop arming sequence provides positive target confirmation, while AeroVironment’s patented “wave-off” feature and recommit capability delivers the unique ability for operators to cancel an attack within seconds of impact to avoid collateral damage, and then re-engage targets on command. In addition, each system’s small form factor, and low acoustic, visual, and thermal signature make them difficult to detect, recognize or track even at close range.

Switchblade 300
Weighing just 5.5 pounds (2.5 kilogram), Switchblade 300 is back-packable and can be deployed in less than 2 minutes via the launch tube in which it is transported, which can be easily integrated into land, air or sea platforms. Once airborne, Switchblade 300 can be remotely piloted or autonomously guided, providing up to 15 minutes of tactical reconnaissance, surveillance and target acquisition (RSTA). Real-time video and cursor-on-target GPS coordinates provide situational awareness, information collection, targeting and feature/object recognition. Combining a dash speed of 100 mph with an advanced munition delivery, Switchblade 300 provides the warfighter with quick response and precise target prosecution against static or mobile threats, with low collateral damage.

Switchblade 600
This all-in-one, man portable, 50-pound (22.7 kilogram) solution includes everything needed to launch, fly, track and engage non line-of-sight targets with lethal effects and can be set up and operational in less than 10 minutes. Switchblade 600 deploys from the launch tube in which it is transported to allow the flexibility for ground, air or vehicle platform launches at extended stand-off range. This provides operators with superior force overmatch, while minimizing exposure to direct or indirect enemy fires. With a 115 mph dash speed and on-board anti-armor warhead, Switchblade 600 has the firepower to engage and prosecute hardened static and moving light armored vehicles from multiple angles with precise localized effects, while minimizing collateral damage.

Equipped with a high-performance EO/IR gimbaled sensor suite, precision flight control and more than 40 minutes of flight time, Switchblade 600 delivers unprecedented tactical reconnaissance, surveillance and target acquisition (RSTA). This allows Switchblade 600 to transit up to 50 miles (80 kilometers) to a target area before conducting multiple confirmatory orbits, and engage in target prosecution – without the need for external ISR or fires assets. Should non-combatants be observed within the proximity of the target, Switchblade’s patented “wave-off” feature and recommit capability allows operators to abort the mission at any time, and then re-engage either the same or other targets multiple times based on operator command.

Also new with Switchblade 600, AeroVironment introduces a touch-screen, tablet-based Fire Control System (FCS) with tap-to-target guidance and the option to pilot the loitering missile manually or autonomously. Combined with its built-in mission planner and training simulator, the FCS provides operators with an intuitive platform to easily plan and execute missions precisely, while reducing cognitive load. Additionally, on-board AES 256 digital encryption and SAASM GPS provide the security, resilient communications and signal integrity necessary to defend against electronic warfare capabilities employed by peer and near-peer adversaries in contested environments.
“Switchblade 600 delivers an unprecedented combination of precision, control and effects on target, addressing missions previously performed with ‘fire and forget’ legacy missile systems that represented more than $1 billion in U.S. Department of Defense procurement appropriations in fiscal year 2020,” added Mr. Nawabi. “The result of our continued innovation at the intersection of robotics, sensors, software analytics and connectivity, Switchblade 600 offers next generation capabilities to our customers for operations against any adversary, in any threat environment.”

When precision counts, AeroVironment’s family of loitering missile systems provide the actionable intelligence and precision firepower needed to achieve mission success in a wide range of increasingly complex battlefronts. Flexibly deployed from fixed ground positions, combat vehicles with integrated precision fire controls, aerial or maritime platforms, AeroVironment’s loitering missile systems provide field commanders with precision lethality across multiple domains.

AeroVironment is now accepting orders for Switchblade 300 and Switchblade 600, with expected delivery in 2021. For more information on AeroVironment’s loitering missile systems, visit www.avinc.com/tms.

About AeroVironment Tactical Missile Systems
Switchblade® 300, Switchblade® 600 and Blackwing™ form the basis of AeroVironment’s emerging family of tactical missile systems. Switchblade 300 is a back-packable, rapidly deployable, precision strike loitering missile for beyond line-of-sight targets that minimizes collateral damage and can be tube-launched from land, sea or air platforms. Switchblade 600 is a man-portable, rapidly deployable, extended-range precision strike loitering missile for use against non line-of-sight hardened targets. Blackwing is a variant of Switchblade, designed to provide rapid-response intelligence, surveillance and reconnaissance capabilities and can be launched from surface vessels, submerged submarines and unmanned underwater vehicles. Switchblade 300 and Blackwing are compatible with AeroVironment’s Multipack Launcher (MPL), an all-weather remotely operated launch battery that can be integrated into land, shipboard or mobile operations. For more information, visit www.avinc.com/tms.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Teams with Robotic Skies for Unmanned Aircraft Systems Maintenance Support

September 29, 2020

SIMI VALLEY, Calif. and CHICAGO, Sept. 29, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced a teaming agreement with Robotic Skies, a global maintenance, repair, and overhaul network for UAS, to provide field maintenance, inspection and repair support for AeroVironment customers.

Robotic Skies, through teaming agreements with companies such as AeroVironment, provides UAS fleet operators with local, aviation-grade maintenance services. The company offers a unique combination of expertise in unmanned aircraft systems and traditional aviation maintenance methodology to deliver high-quality, scalable services through its repair network.

“Our customers rely on AeroVironment’s market-leading unmanned aircraft systems to perform critical missions, making timely field maintenance and local support essential,” said Rick Pedigo, AeroVironment vice president of sales and business development.

“By teaming with Robotic Skies, our valued customers can expect an even higher level of responsiveness and customer service through a broad service center network, which comprises 200 independently owned and operated, certified repair stations. This relationship will enable our customers to keep their UAS in operation, maximizing their productivity.”

Robotic Skies Founder and CEO, Brad Hayden, said: “We are excited to work with AeroVironment as they grow their fleet. For example, the VAPOR helicopter unmanned aircraft system is capable of operating beyond visual line of sight, and for customers flying under a FAA Part 107 line of sight waiver there are specific requirements to maintain the aircraft in accordance with manufacturer’s instructions and recommendations. With Robotic Skies, AeroVironment customers can get the benefit of high-quality, OEM-certified maintenance and the peace of mind knowing they can meet any maintenance-related waiver requirements.”

AeroVironment’s all-electric VAPOR helicopter UAS delivers 60 minutes of cruise endurance and up to 10 pounds (4.5 kilograms) of flexible payload capacity. VAPOR’s modular payload bay provides access to a variety of integrated sensors and third-party payloads including gimbaled EO/IR, survey grade PPK mapping, LiDAR and hyperspectral sensors, and an available Drop/Delivery Mechanism. VAPOR is multi-mission capable for defense, commercial and industrial applications, enabling customers to choose the right configuration based on mission requirements, and the flexibility to create custom configurations that incorporate end-user provided equipment.

AeroVironment customers who are interested in learning more about Robotic Skies’ maintenance services may contact AeroVironment at customerservice@avinc.com or Robotic Skies at hello@roboticskies.com.

About Robotic Skies, Inc.

Robotic Skies is a global network of maintenance Service Centers for enterprise Unmanned Aircraft System (UAS) fleets. Founded in 2014, Robotic Skies has 200 independently owned and operated certified repair stations in its network (and growing), spanning more than 40 countries. The company's aviation-grade field service programs are flexible, scalable, and meet the regulatory requirements for complex commercial operations like drone delivery. Learn more at www.roboticskies.com. 


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Mass Robotics – Robotics in Defense Virtual Conference Keynote Address

September 23, 2020

AeroVironment’s Scott Newbern delivered the Keynote Address “AeroVironment – A Fifty Year Old Startup,” discussing the company’s culture of innovation, factors that have driven our success and provided guidance to robotics technology startups working on DoD innovation initiatives.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Defense One Podcast – The Next Big Thing(s) in Unmanned Systems

September 15, 2020

In connection with Defense One’s – The Next Big Thing(s) in Unmanned Systems –Juliet Van Wagenen, Editor, Branded Content of GEMG, sits down with AeroVironment’s Gorik Hossepian, vice president of product line management for UAS. As today’s warfighters look to adapt to a quickly changing battlespace, Gorik speaks about how small unmanned aircraft are evolving to address these needs.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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How AeroVironment Became A World Leader In The Small UAS Market

September 15, 2020

"For AeroVironment, success came as a result of four core elements: innovation, simplicity/elegance of design, reliability, and customer collaboration," said Scott Newbern, AeroVironment's chief technology officer. Newbern, who has been with the company since 1997, identified these core elements as the foundation that launched AeroVironment into the global, small, unmanned aircraft systems (UAS) business. 

According to Newbern, the innovative spirit has been a distinct characteristic among AeroVironment employees since the company's inception. "Back in the early days, many employees were aviation enthusiasts in one way or another," he stated, "and some were world champions competing in aircraft modeling events around the world. 


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Defense One Webcast – Next In Flight: The Future of Unmanned Aerial Vehicles Operations

September 10, 2020

Date: 8/18/2020

In connection with Defense One’s - Next in Flight: The Future of Unmanned Aerial Vehicles Operations Webcast – AeroVironment’s Gorik Hossepiantalks with Connie Sayer, President of GEMG, about the operational challenges surrounding unmanned aerial vehicles, and opportunities derived from advances in autonomy, AI and machine learning that are re-defining the future for UAVs on the battlefield.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Inside Unmanned Systems: Imagination Meets Innovation

September 02, 2020

For 50 years, AeroVironment has advanced UAV development. Today, the company is a Technology Solutions Provider at the intersection of four future-defining technologies: robotics, sensors, analytics and connectivity. Its culture of experimentation and R&D dates back to its founder, Dr. Paul MacCready Jr., whose achievements earned him the nickname "the father of human-powered flight." LEARN MORE

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Gossamer Condor - The First Of Its Kind

August 19, 2020

A human-powered airplane built by Dr. Paul MacCready, Jr.

Dr. Paul MacCready, Jr., had an unorthodox approach to aviation design, one that paid high dividends throughout his lifetime. His philosophy was to design and build for quick iteration, and he is quoted as saying, “Find a faster way to fail, recover, and try again.” That methodology certainly worked for the design of the Gossamer Condor, the first successful human-powered aircraft.

In 1959, British industrialist Henry Kremer put out a challenge to build a human-powered airplane and attached a substantial monetary prize for the winner. For 18 years, nobody could do it. Dr. MacCready was up for the challenge. Only six months after attempting his aircraft design, a pilot successfully flew the Gossamer Condor. The difference? While others needed a year’s worth of effort for each test flight, Dr. MacCready created a plane that he could fly, fix, and fly again in just a few hours.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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C4ISRNET – SOCOM Tech Priorities Webcast

August 19, 2020

Date: 7/7/2020

In connection with C4ISRNET’s SOCOM Technology Priorities Webcast – AeroVironment’s Scott Newbern talks with Mike Gruss (Editor, C4ISRNET) about the challenges and opportunities facing SOCOM & DoD, as well as how AeroVironment is responding with future defining UAS capabilities at the battlefield’s edge.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Expands Capabilities of its Puma UAS Product Line with New Smart 2500 Battery and Bungee Launch System

August 11, 2020

SIMI VALLEY, Calif., Aug. 11, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the launch of two new Puma product line enhancement options that reinforce the company’s commitment to continuous improvement and expanding the operational capabilities of its family of tactical UAS. The newly announced product enhancement options are a result of AeroVironment’s collaboration with front-line users to develop innovative solutions that enable customers to proceed with certainty in ever-changing operational environments.

Puma Smart 2500 Battery – Puma LE

Available for Puma™ LE, the optional Puma Smart 2500 Battery allows operators to achieve an extended flight time of up to 6.5 hours. The increased endurance provides operators with greater time on station, maximizing Puma LE’s multi-mission capabilities across land and maritime environments. This high-energy-density, lithium-ion battery pack features an improved capacity of 24.5Ah (amp-hours) while retaining the size and form factor needed to be seamlessly integrated into Puma LE’s existing battery bay.

Puma Bungee Launch System (BLS)

AeroVironment’s Puma Bungee Launch System (BLS), a military-grade bungee launcher that is standard equipment with every Puma LE system, is now available as an enhancement option for Puma 2 AE and Puma 3 AE. The BLS allows for the assisted launch of Puma AE UAS in environmental conditions where hand launch is not practical or is limited. Designed with mission-flexibility in mind, the BLS can be securely installed in a variety of soil types or mounted to low, immovable objects. The lightweight and portable all-environment system can be set up and operational in less than 10 minutes.

“AeroVironment is committed to anticipating and delivering innovative solutions that are critical to tactical UAS operators downrange,” explains Rick Pedigo, vice president of sales and business development for AeroVironment. “These two new enhancement options will expand our customers’ operational capabilities, while maximizing operator safety and improving operational efficiency, allowing them to focus on the mission at hand.”

The Puma Bungee Launch System is currently available for order/delivery, and the Puma Smart 2500 Battery will be available for order/delivery before the end of the third quarter, calendar year 2020. For more information, visit www.avinc.com

About Puma LE

Delivering Group 2 capabilities in a Group 1 footprint, the AeroVironment Puma™ LE weighs only 23.5 pounds (10.7 kilograms), is launchable by hand or bungee and provides a dedicated secondary payload bay in addition to its Mantis i45 EO/IR sensor suite. When used with AeroVironment’s Puma Smart 2500 Battery and Long-Range Tracking Antenna (LRTA), flight endurance is expanded to 6.5 hours with an operational range of 37.3 miles (60 kilometers). Puma LE’s economical dual-case mission pack contains everything needed to perform two complete 6.5-hour missions with a single aircraft, optional Puma Smart 2500 Battery and Ground Control System (GCS). Puma LE utilizes plug and play, interoperable line-replaceable unit (LRU) components that can be shared with other Puma AE aircraft.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, VAPOR® Helicopter, together with Quantix™ Recon, comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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HAPSMobile Successfully Completes Latest Test Flight of its Unmanned Aircraft Designed for Stratospheric Telecommunications Platform Systems

July 29, 2020

HAPSMobile Inc. (“HAPSMobile”), a subsidiary of SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment, Inc. (NASDAQ: AVAV, “AeroVironment”), today announced the fourth successful test flight of its “Sunglider” solar-powered high-altitude platform system (HAPS). The flight took place on July 23, 2020 (PT) at Spaceport America (“SpA”) in New Mexico. With all basic aircraft tests for the unmanned aircraft system (UAS) now complete, HAPSMobile will proceed with preparations for stratospheric test flights.

In this test flight, Sunglider, the newly renamed UAS designed for stratospheric telecommunications platforms, reached altitudes higher than those of previous flights and maintained high altitudes for a long duration. Sunglider also successfully passed all test points, including flight speed changes, steep turns, automated flight control in the event of interrupted communications with the Ground Control System, and in-flight balance control.

In addition to the Hawaiian island of Lanai, HAPSMobile built a new test site at SpA as part of its mid- to long-term business plan. Since SpA offers flexibility in coordinating test flight schedules, there will be opportunities to conduct test flights with greater frequency and more freedom to conduct various types of tests. HAPSMobile also plans to conduct stratospheric test flights at SpA.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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KNBC Los Angeles Channel 4 News Aired a Special Segment on the Mars Helicopter, Ingenuity.

July 28, 2020

Listen to Matt Keennon, MacCready Works Senior R&D Engineer and AeroVironment Technical Lead on the Mars Helicopter Program, discuss AeroVironment’s involvement in the project in collaboration with NASA/JPL and the incredible feat of developing a helicopter that will take flight on another planet.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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A Helicopter Ride Over Mars? NASA’s About to Give It a Shot

July 28, 2020

NASA plans to launch its fifth Mars rover, Perseverance, on a six-month journey to the Red Planet. Perseverance will boot up a mission to collect samples of Martian dirt that might have traces of ancient life, so that they can be returned to Earth by another mission later this decade. It will also carry a payload unlike anything that’s ever been boosted into space: a small autonomous helicopter called Ingenuity. Sometime next spring, probably in April, Ingenuity will spin up its rotor blades and become the first spacecraft to go airborne on Mars.

“I see it as kind of a Wright brothers moment on another planet,” says Bob Balaram, the chief engineer for the Mars helicopter project at NASA’s Jet Propulsion Laboratory. “It’s a high-risk, high-reward mission that could enable us to go to lots of places we haven’t been able to go before.”

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Team Collaborates with NASA/JPL for Mars Helicopter Launch in July

July 27, 2020

It wasn't enough for AeroVironment engineers to design drones for use on Earth - they had their sights set on something even bigger. 

Since 2013, AeroVironment's team of innovative engineers from our MacCready Works laboratory has been working with NASA/JPL to design and develop the first Mars drone - a helicopter that will be carried by the Mars 2020 rover. Its name is Ingenuity. The rover was designed and built by NASA/JPL and was recently named Perseverance, or Percy for short. Percy is scheduled to launch in July 2020 and arrive on Mars in early 2021.

The Mars helicopter is a small, autonomous rotorcraft that weighs 4 lbs. (1.8 kg). Its purpose is to demonstrate the viability of aerial robots for planetary exploration.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Perseverance Rover Will Include The First Helicopter To Fly On Mars

July 27, 2020

When NASA’s Perseverance rover lifts off from Cape Canaveral for its months-long journey to Mars, it will be packing a stowaway of sorts.

Tucked securely in the craft’s underbelly will be Ingenuity, the first helicopter to fly on the red planet.

Created in collaboration with Simi Valley-based AeroVironment Inc., the high-tech drone is the brainchild of Bob Balaram, a principal member of the Mobility and Robotics Systems Section at NASA’s Jet Propulsion Laboratory and chief engineer on the project.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Marks 50 Years of Achieving the Impossible

July 27, 2020

SIMI VALLEY, Calif., July 27, 2020 – In the 1970s, AeroVironment (NASDAQ: AVAV) founder Dr. Paul B. MacCready, Jr. became the first to design and build an aircraft that successfully achieved controlled human-powered flight, giving birth to the company’s reputation of achieving the impossible in aerospace engineering. Now, as the company begins its 50th year in business, it’s preparing to break yet another barrier by enabling a first-of-its-kind mission on Mars.

AeroVironment began operations in 1971 as a small engineering firm focused on applying aerodynamic principles to solve important challenges facing the world. Since its founding, AeroVironment and its innovators have done just that.

Following groundbreaking human-powered aircraft including the Gossamer Condor and Gossamer Albatross, AeroVironment proceeded to reshape the battlefield as the leader in tactical unmanned aircraft systems (UAS), including Raven®, Puma™, Wasp® and Quantix™ Recon, and tactical missile systems with Switchblade® and Blackwing™.

AeroVironment also pioneered the concept of high-altitude solar-powered UAS, setting world unmanned flight and telecommunications records at the turn of the millennium with Helios and Pathfinder Plus. Today, AeroVironment’s HAPSMobile Inc. joint-venture with SoftBank Corp. has led to the next evolution in stratospheric unmanned flight with the development of the Sunglider solar-powered high-altitude pseudo-satellite (HAPS), currently undergoing testing at Spaceport America in New Mexico.

But AeroVironment isn’t stopping at the outermost regions of Earth’s atmosphere. The company will further humanity’s exploration of our solar system and its search for evidence of life beyond Earth when NASA’s Perseverance Rover departs on its seven-month journey to Mars this summer. Secured to the underbelly of Perseverance is the Ingenuity Mars Helicopter, which will be the first aircraft to attempt controlled flight on another planet.

Ingenuity is the brainchild of Dr. Bob Balaram of NASA/JPL. AeroVironment began working on the concept of a Mars helicopter with Dr. Balaram in the 1990s and collaborated with NASA/JPL in the development and testing of Ingenuity. The atmosphere of Mars is very similar to that of the Earth’s stratosphere at 100,000 feet above sea level. Applying their knowledge from past stratospheric unmanned solar flight programs with Helios and Pathfinder Plus, AeroVironment’s engineers designed and developed Ingenuity’s airframe and major subsystems, including its rotor, rotor blades, hub and control mechanism hardware, propulsion motors, landing gears, power electronics and the thermal enclosure for JPL’s avionics, sensors and software systems.

“Throughout our history customers have presented us with challenges that seemed impossible, but instead of viewing these as barriers, we choose to see them as opportunities at AeroVironment,” said Wahid Nawabi, president and chief executive officer of AeroVironment. “Whether it’s aerial robotics, flying robotic hummingbirds, interplanetary drones, or ‘what’s coming next’ behind the closed doors of our MacCready Works lab, AeroVironment will continue to overcome ‘impossible’ challenges to support the success of our customers.”

For more information on AeroVironment’s 50th anniversary campaign and to view a timeline of AeroVironment’s innovations, visit www.avinc.com/50.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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We Talk Drones And The Future Of Unmanned Warfare With AeroVironment’s Steve Gitlin

July 14, 2020

Even though AeroVironment's products, or at least emulations of them, have starred in a number of Hollywood Blockbusters and extremely high-profile video games, few outside the defense community have ever really heard of the company. The reality is that AeroVironment is among the most fascinating and visionary aerospace companies on the planet. They saw the potential in lower-end drones that could be deployed by those on the front lines before pretty much anyone else did, and changed warfare as we know it as a result.

Though its hand-launched Raven reconnaissance drone is its most widely distributed product, AeroVironment's Switchblade, which is launched like a mortar and works as both a reconnaissance drone and a deadly missile, is probably its most intriguing. Often referred to as a 'suicide drone' in informal parlance, in so many ways Switchblade was a harbinger of what was to come. 

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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

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.

“AeroVironment is committed to providing continuous support to the Army’s ongoing, multi-year programs of record for tactical UAS, such as the Raven, with quick and efficient field upgrades to help operators around the world perform their missions more effectively,” said Rick Pedigo, Vice President, Business Development and Sales for AeroVironment.

AeroVironment’s Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing just 4.2 pounds (1.9 kilograms), the hand-launched Raven provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers). The Raven’s Mantis i23 EO/IR gimbaled payload delivers real-time video or infrared imagery to ground control and remote viewing stations.

AeroVironment’s family of tactical UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory, and its rapidly growing international customer base of 50 allied governments. To learn more, visit www.avinc.com.

About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter, comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Helps the Community While Protecting the Environment

June 29, 2020

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.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Mars Is About to Have Its ‘Wright Brothers Moment’

June 23, 2020

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.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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What Tactical Unmanned Aerial Assets Need in Today’s Battlefields

June 11, 2020

As a former Special Operations Forces Combat Controller, I’ve been a part of, and have seen, the revolution of Battlefield Air Operations. 

The use of tactical unmanned aircraft systems (UAS), for example, has evolved dramatically since their first deployment on the battlefield nearly 20 years ago – from single mission tools to highly sophisticated, multi-mission capable aircraft that now provide actionable intelligence and the persistent situational awareness needed in today’s dynamic operating environments. LEARN MORE

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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HAPSMobile will develop High Altitude Platform in New Mexico

June 11, 2020

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.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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C4ISRNET Virtual Conference

June 10, 2020

As the world leader in engineering and delivery of tactical unmanned aircraft systems to all branches of the U.S. military for nearly two decades, AeroVironment is working very closely with our customers to address the ever-evolving threat environment, where the deployment of a wide range of weapons and technology is designed to overwhelm and confuse opposing forces.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Inside Unmanned Systems: Mission-Critical Mapping

June 10, 2020

Just-Released Quantix Recon Leverages Survey Assets for the Military Sphere.
But say you have an intel team operating in remote areas when you need high resolution, up-to-date maps and don’t have an internet connection? Or when that team is working independent of a large base and needs to conduct bomb damage assessment without revealing its position? And what if the operators don’t have all that much UAS experience in the first place?


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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

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.

The orders are part of a three-year base contract received from NSPA in January 2020. The contract includes an option for two additional years oflogistics support for Raven, Wasp® and Puma tactical UAS. The total potential value of the multi-year contract is $80 million, encompassing the procurement and sustainment of AeroVironment tactical unmanned aircraft systems employed by the defense forces of several NATO countries.

“AeroVironment’s tactical unmanned aircraft systems, such as Raven and Puma, have helped transform the way U.S. and allied forces plan, train, equip and operate,” said Rick Pedigo,vice president of sales and business development at AeroVironment. “Both systems benefit from continuous technology improvements and pack significant capabilities into portable, man-packable platforms that provide operators with rapid and effective force protection.”

AeroVironment’s Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet (1.4 meters) and weighing just 4.2 pounds (1.9 kilograms), the hand-launched Raven provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers). The Raven’s Mantis i23 EO/IR gimbaled payload delivers real-time video or infrared imagery to ground control and remote viewing stations.

The AeroVironment Puma 3 AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and can operate for up to 2.5 hours at a range of up to 12.4 miles (20 kilometers) with a standard antenna, and up to 37.2 miles (60 kilometers) with AeroVironment’s Long-Range Tracking Antenna (LRTA). Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 EO/IR sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the tactical UAS class.

AeroVironment’s family of tactical UAS use a common ground control station and software, allowing for improved interoperability and decreased training and logistics costs for NATO forces.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Quantix Recon: a mapping UAV from AeroVironment

June 08, 2020

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.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment, Inc. to Present at the William Blair 40th Annual Growth Stock Conference

June 04, 2020

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.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Announces Promotion of Ken Karklin to Chief Operating Officer

June 03, 2020

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.”

Karklin has served as senior vice president of operations since December 2018 and now oversees sales and business development, emerging businesses, product line management, engineering, manufacturing operations, program management, corporate quality and related support functions. Previously, Karklin served as vice president and general manager of AeroVironment’s Efficient Energy Systems (EES) business segment, from May 2015 until its divestiture in June 2018. Karklin served in a variety of leadership roles with increasing responsibility at AeroVironment since joining the company in 2009.

Prior to joining AeroVironment, Karklin served in engineering leadership positions at Agilent Technologies, Hewlett Packard Company and Intel Corporation. Before his career in technology, Karklin served in the United States Army and Army Reserves in enlisted, noncommissioned officer and commissioned officer capacities.

Karklin earned a Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute in 1995 and is a graduate of Agilent/Hewlett-Packard’s year-long Accelerated Leadership Development Program (ADP/LEAD).


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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
  • 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.

“For nearly a decade, AeroVironment’s Switchblade has delivered unmatched force protection and precision strike capabilities at the battlefield edge to the U.S. Army,” said Brett Hush, AeroVironment senior product line general manager of Tactical Missile Systems. “We will continue to enhance the capabilities of this battle-proven product, and stand ready with a proven supply chain and customer support system in order to respond effectively to U.S. and allied customers’ needs.”
AeroVironment’s combat proven Switchblade is back-packable and rapidly deployable from ground platforms including a 6-pack launcher, providing warfighters with rapid-response force protection and precision strike capabilities up to 10 kilometers (6 miles) from its launch location. Its high precision, combined with specialized effects and patented wave-off feature, results in Switchblade’s ability to minimize or even eliminate collateral damage. 

Northrop Grumman is a key partner on the Switchblade system, providing single purpose and multimode warheads for the program.
Learn more about Switchblade at the AeroVironment, Industry Showcase at vSOFIC https://www.sofic.org/vsofic or at www.avinc.com/switchblade.

About AeroVironment Tactical Missile Systems
Switchblade® and Blackwing™ form the basis of AeroVironment’s emerging family of Tactical Missile Systems. Switchblade is a back-packable, rapidly deployable, precision strike loitering missile for beyond line-of-sight targets that minimizes collateral damage and can be tube-launched from land, sea or air platforms. Blackwing is a variant of Switchblade, designed to provide rapid-response intelligence, surveillance and reconnaissance capabilities and can be launched from surface vessels, submerged submarines and unmanned underwater vehicles. Switchblade and Blackwing are compatible with AeroVironment’s Multipack Launcher (MPL), an all-weather remotely operated launch battery that can be integrated into land, shipboard or mobile operations.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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
  • 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.

“Puma LE is the newest member of our combat-proven family of tactical unmanned aircraft systems,” said Rick Pedigo, vice president of sales and business development for AeroVironment. “Puma LE provides customers with Group 2 UAS endurance capabilities, nearly doubling the time on station of Puma 3, with cost savings and the footprint of a Group 1 unmanned aircraft.”

The AeroVironment Puma LE weighs only 22.5 pounds (10.4 kilograms), is launchable by hand or bungee and provides a dedicated secondary payload bay in addition to its Mantis i45 gimbaled EO/IR sensor. On-board batteries provide 5.5 hours of flight endurance with an operational range of 37.2 miles (60 kilometers) when used with AeroVironment’s Long-Range Tracking Antenna (LRTA). Puma LE’s economical dual-case mission pack contains everything needed to perform two complete 5.5-hour missions with a single aircraft and Ground Control System (GCS). Puma LE utilizes plug and play, interoperable line-replaceable unit (LRU) components that can be shared with other Puma AE aircraft.

AeroVironment’s family of tactical UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory and its rapidly growing international customer base numbers more than 45 allied governments.

Learn more about Puma LE by attending a virtual product presentation at vSOFIC https://www.sofic.org/vsofic, Tuesday, May 12th at 1 PM (EST) in the AeroVironment, Industry Showcase.

About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Royal Navy’s Drones Trials Team Take To Sea

May 06, 2020

Their job is to test and operate drones for possible use by the Royal Navy.

And 700X Naval Air Squadron have been working hard over the past few months to trial unmanned equipment and its suitability for future operations. Based at Royal Naval Air Station Culdrose, 700X has taken to the sea in the latest step of its pioneering adventure into remotely-piloted air systems. They headed out for a week of trials on board the fishery protection ship HMS Mersey. 700X commanding officer Lieutenant Commander Justin Matthews said it was a hugely exciting time to be at the cutting-edge of UAV (unmanned aerial vehicle) technology.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Locally Made Craft Headed for Mars Gets Name

April 30, 2020

The helicopter developed in Simi Valley by AeroVironment Inc. that will be aboard the next Mars Rover has a name – Ingenuity.

The name was announced Wednesday by NASA Administrator Jim Bridenstine, who chose it from a submission by Alabama high school student Vaneeza Rupani.

“Ingenuity encapsulates the values that our helicopter tech demo will showcase for everyone when it takes off next year as the first aircraft on another planet’s surface,” Bridenstine said in a statement. “It took a lot of hard and ingenious work to get the helicopter ready and then placed on the rover, and there’s a lot more going to be required.”

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Mission-Critical Mapping

April 28, 2020

Attention toward technology often favors the big, shiny and super-equipped. This may be especially true for military UAS, where airline-sized RQ-4 Global Hawks, heavily-armed Reapers and other frontline fliers attract the spotlight.

But say you have an intel team operating in remote areas when you need high resolution, up-to-date maps and don’t have an internet connection? Or when that team is working independent of a large base and needs to conduct bomb damage assessment without revealing its position? And what if the operators don’t have all that much UAS experience in the first place?

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Unveils Quantix™ Recon, Fully-Automated Hybrid Vertical Takeoff and Landing Unmanned Aircraft System for Defense Applications

April 23, 2020
  • Quantix Recon delivers on-demand, georeferenced aerial imagery, providing quick visibility for on-site mission planning and verification
  • Fully-Automated, hybrid vertical take-off and landing (VTOL) design and radio frequency silent mode enable aircraft to conduct missions undetected
  • Powerful onboard processing delivers high-resolution imagery immediately on the included operating tablet upon landing – no other devices, internet or software required


SIMI VALLEY, Calif., April 23, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the availability of Quantix™ Recon, a lightweight, rapidly deployable, fully-automated reconnaissance solution that delivers high resolution, georeferenced terrain, vegetation and infrastructure imagery, providing ground forces with on-demand actionable intelligence.

With its unique hybrid VTOL design, Quantix Recon combines the vertical takeoff and landing advantages of a multirotor drone with the range, speed and efficiency of a fixed-wing unmanned aircraft. Featuring fully-automated flight operation, Quantix Recon surveys up to 1.6 square kilometers (0.6 square miles), or 20 linear kilometers (12.4 miles) per 45-minute single battery flight. Multiple automated reconnaissance mode options allow users to choose between line (route), area and waypoint targeted data capture. Collected aerial imagery data is compatible with a wide range of available geographic information system (GIS) analytical tools to facilitate further analysis.

“AeroVironment’s Quantix Recon is a low-cost reconnaissance solution that can be in the air within minutes, capturing high-resolution georeferenced imagery of hard to access areas or dynamically changing environments.” said Rick Pedigo, vice president of sales and business development for AeroVironment. “Because it does not rely on radio signals during flight, Quantix Recon offers greater stealth for concealed operations and is unaffected by radio frequency jammers, providing greater protection for frontline troops while reducing cognitive load.”

Powerfully simple to use, Quantix Recon is fully-automated and hands-free with five optional flight altitudes, ranging from 150 feet to 800 feet. Simple, automated operation makes Quantix Recon easy for users to vary the coverage area and image resolution to suit their aerial reconnaissance needs.

Quantix Recon is equipped with dual 18-megapixel cameras that can capture both high resolution true color and multispectral georeferenced imagery. Powerful, on-board processing allows users to immediately view the high-resolution geospatial imagery on the included operating tablet as soon as the aircraft lands, requiring no other devices, internet or software. And, through the operating tablet’s Quick-Look HD app feature, users can pinch and zoom navigation down to centimeter-level ground sampling distance, enabling them to pinpoint and react to critical issues with precision and speed.

To learn more, visit www.avinc.com/Quantix-Recon, or view the recorded Quantix Recon Press Briefing at https://event.webcasts.com/starthere.jsp?ei=130197... using the password “QuantixRecon.”


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Puma sUAS Pounces

April 21, 2020

A just-announced contract for the U.S. Navy and Marines to expand use of AeroVironment’s Puma™ sUAS continues the company’s success with small unmanned tactical aircraft systems.

The $10.68 million fixed-price contract will purchase Puma™ 3 AE [All Environment] systems and spares for the Navy and the Marine Corps Small Tactical Unmanned Aircraft Systems Program. The agreement was signed in February; delivery is anticipated imminently.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Awarded $2.4 Million Raven® Unmanned Aircraft Systems Foreign Military Sales Contract for U.S. Ally

April 14, 2020
  • Raven lightweight small unmanned aircraft system is designed for rapid deployment, delivering real-time tactical situational awareness to warfighters
  • United States Department of Defense Foreign Military Sales program facilitates interoperability among U.S. and allied forces
  • AeroVironment’s innovative family of tactical UAS are deployed by more than 45 allied governments

SIMI VALLEY, Calif., April 14, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $2,424,595 firm-fixed-price contract on March 3, 2020 to provide Raven® small unmanned aircraft systems (UAS) and training to an allied nation. Delivery is anticipated by August 2020.

“With its rugged design, small footprint and high resolution sensor capabilities, the combat-proven Raven offers allied forces the actionable intelligence they need at a moment’s notice in the most extreme environments,” said Rick Pedigo, vice president of sales and business development for AeroVironment.

AeroVironment’s Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing just 4.2 pounds (1.9 kilograms), the hand-launched Raven provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers). The Raven’s Mantis i23 EO/IR gimbaled payload delivers real-time video or infrared imagery to ground control and remote viewing stations.

AeroVironment’s family of small UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory and its rapidly growing international customer base numbers more than 45 allied governments. To learn more visit www.avinc.com.

About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
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AeroVironment Awarded $10.7 Million Puma™ 3 AE Contract for United States Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program

April 07, 2020
  • Award builds on the U.S. Navy and Marine Corps ongoing use of Puma 3 All Environment (AE) small unmanned aircraft systems for persistent situational awareness and force protection as well as expeditionary reconnaissance, surveillance, and target acquisition (RSTA)
  • Puma 3 AE UAS deliver immediate tactical RSTA in maritime and land-based operations
  • AeroVironment’s family of tactical UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory; deployed by more than 45 allied governments

SIMI VALLEY, Calif., April 7, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of a $10,677,987 firm-fixed-price contract award for Puma™ 3 AE systems and spares on Feb. 18, 2020 for the U.S. Navy and Marine Corps Small Tactical Unmanned Aircraft Systems (SUAS) Program. Delivery is anticipated by April 2020.

“Puma 3 AE is a combat-proven enabler of U.S. Navy and Marine Corps tactical operations, providing persistent situational awareness, expeditionary reconnaissance, surveillance, and target acquisition, force protection and overwatch – anywhere and at any time,” said Rick Pedigo, AeroVironment vice president of business development. “Its versatility, ruggedness and reliability in a wide range of operating environments – over land and sea – consistently provide the actionable intelligence warfighters need to proceed with certainty.”

The AeroVironment Puma 3 AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and can operate for up to 2.5 hours at a range of up to 12.4 miles (20 kilometers) with a standard antenna, and up to 37.2 miles (60 kilometers) with AeroVironment’s Long-Range Tracking Antenna (LRTA). Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 EO/IR sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the small UAS class.

AeroVironment’s family of small UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory and its rapidly growing international customer base numbers more than 45 allied governments. To learn more visit www.avinc.com.

About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
AeroVironment, Inc.
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.(JavaScript must be enabled to view this email address)

Mark Boyer
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+1 (310) 229-5956
.(JavaScript must be enabled to view this email address)

AeroVironment and Draganfly Announce Teaming Agreement for Distribution of Quantix Mapper to Commercial Markets

March 24, 2020

SIMI VALLEY, Calif. and RALEIGH, N.C., March 17, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), and Draganfly (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8), an award-winning, industry-leading manufacturer within the commercial unmanned aerial systems (“UAS”), remotely piloted aircraft systems (“RPAS”), and unmanned vehicle sectors, today announced a teaming agreement for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide. The agreement also includes the continuation of other contract engineering services provided by Draganfly to AeroVironment.

Under the teaming agreement, AeroVironment will provide Draganfly sales, marketing collateral, and product technical support for the Quantix Mapper system. Draganfly will provide e-commerce, enterprise and direct sales operations, and oversee development of a network of resellers and strategic distribution partners worldwide.

In advance of the approaching agriculture season in the Northern Hemisphere, Draganfly has procured a significant number of Quantix Mapper systems from AeroVironment. Draganfly plans to expand commercial distribution of Quantix Mapper to the Southern Hemisphere over the next year, and to other industries including environmental resource management, oil & gas, construction, insurance, and public safety.

“Quantix Mapper represents the combination of drone operation, high-resolution imaging and geo-tagging into the first ‘drone as an app’ solution that makes data collection as easy as using a tablet computer,” said Rick Pedigo, AeroVironment vice president of sales and business development. “As a leader in the commercial and first responder drone market, Draganfly is uniquely positioned to deliver the value of Quantix Mapper to customers in multiple market segments to help save lives, protect property, increase productivity and enhance safety.”

“Draganfly has been manufacturing and distributing innovative, multi-rotor and fixed wing drones for commercial applications around the world for 22 years. We were truly impressed with the ease of use, performance, and reliability of AeroVironment’s hybrid Quantix Mapper system” said Patrick Imbasciani, Draganfly’s chief operating officer. “Flying 400 acres in less than 45 minutes on one battery is remarkable. Programming flights by simply drawing a shape on a tablet screen map, selecting an altitude, and following a few prompts, is so easy. Built in visual and multispectral sensors and the ability to take off and land almost anywhere, allow this drone to be used for a variety of applications right out of the box. Equally exciting, is the competitive price.”

Quantix Mapper is a simple to use drone empowering users through its fully-automated operation and instant insight. Its hybrid design allows the aircraft to launch vertically and transition to horizontal flight, maximizing aerodynamic efficiency and range. Users can immediately view high resolution imagery on the included Operating Tablet – no other devices, internet or additional software required. With the touch of a button, users can quickly and safely generate up-to-date maps for infield assessment. Whether assessing crop health during key stages, or damage from storm, flood or fire, Quantix Mapper makes it easy to gather accurate images across a large area, assess and react to the situation with precision and speed.

For more information and to order Quantix Mapper, please visit: www.draganfly.com/quantix


About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com.

About Draganfly
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of cutting-edge, autonomous systems and software that revolutionize the way people do business. Recognized as being at the forefront of technology for 22 years, Draganfly is an award-winning, industry-leading manufacturer within the commercial UAS and RPAS space, serving the public safety, agriculture, industrial inspections and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money and lives.

For more information on Draganfly, please visit www.draganfly.com. For additional investor information visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
AeroVironment, Inc.
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Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
.(JavaScript must be enabled to view this email address)

AeroVironment makes an impact on local schools through its Corporate Social Responsibility Program

February 18, 2020

AeroVironment makes an impact on local schools through its Corporate Social Responsibility Program

As part of its Corporate Social Responsibility Program, AeroVironment continued its commitment to making an impact in the community in 2019 by earmarking money for the Simi Valley Education Foundation's (SVEF) annual Enhancements Grant Program. AeroVironment chose to fund grants specifically for Science, Technology, Engineering, and Mathematics (STEM)-related projects throughout the Simi Valley Unified School District. Money was awarded based on grant requests written by teachers for enhancement of education in their classrooms. Distributed funds were presented in person at each school for immediate use.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
AeroVironment, Inc.
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.(JavaScript must be enabled to view this email address)

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AeroVironment Receives $8.5 Million Puma™ 3 AE Foreign Military Sales Contract Award for U.S. Central Command Ally

February 10, 2020
  • Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical ISR in maritime and land based operations
  • More than 45 allied governments have procured one or more of AeroVironment’s family of tactical unmanned aircraft systems (UAS)

SINGAPORE--(BUSINESS WIRE)--at the Singapore Air Show - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $8,584,734 firm-fixed-price U.S. Department of Defense Foreign Military Sales contract. The contract was awarded on December 17, 2019 to provide Puma™ 3 AE unmanned aircraft systems, training and support to an allied nation. Delivery is anticipated by June 2020.

“Customers in the United States and around the world deploy AeroVironment’s rugged family of tactical unmanned aircraft systems, including Puma, to provide their forces the actionable intelligence they need to proceed with certainty in a broad range of operating environments,” said Rick Pedigo, vice president of sales and business development for AeroVironment. “We designed our combat-proven unmanned aircraft systems to be easy to use, reliable and to provide the operational flexibility frontline forces need to succeed in the most demanding conditions.”

The AeroVironment Puma 3 AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and operates for up to 2.5 hours at line-of-sight range of 20 kilometers with a standard antenna, and up to 60 kilometers with AeroVironment’s Long-Range Tracking Antenna. Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the small UAS class.

For more information, visit AeroVironment at the Singapore Air Show 2020, US Pavilion, Stand V68.

About AeroVironment Small UAS

The RQ-20A/B Puma™, Puma™LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter UAS comprise AeroVironment’s family of tactical Unmanned Aircraft Systems. This Family of Systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
AeroVironment, Inc.
Steven Gitlin
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.(JavaScript must be enabled to view this email address)

Mark Boyer
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+1 (310) 229-5956
.(JavaScript must be enabled to view this email address)

Alphabet’s Loon and SoftBank’s HAPSMobile turn solar-powered drones into flying cell towers

February 06, 2020

Alphabet-owned Loon, the company that had been focused on delivering internet communications to remote areas via stratospheric balloons, has completed development work on a new payload for partner HAPSMobile, a subsidiary of SoftBank that’s building high-altitude solar-powered uncrewed aircraft. The two companies jointly adapted the communications technology that enables Loon’s balloons to beam communications networks to Earth for use on HAPSMobile's drones, effectively turning them into high-flying mobile cell towers.

This is the result of a strategic partnership that the two companies announced back in April of last year, but an important step because it means that Loon’s technology will get its first functional tests on vehicles other than its balloon-based platform. The HAWK30 aircraft that HAPSMobile developed is a solar-powered electric aircraft that flies at speeds of over 100 km/h (around 60 mph) in the stratosphere (with an operating altitude of around 65,000 feet), which is much faster than Loon’s balloons, which meant adapting the payload to perform at these speeds.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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U.S. Coast Guard Deploys Puma™ AE during Operation Deep Freeze

February 04, 2020

AeroVironment's Puma AE Makes Historical Debut to Assist with Navigation through Icy Waters

Puma AE made history in 2016! Never before had an unmanned aircraft system been used by the U.S. Coast Guard Cutter Polar Star for its annual Deep Freeze mission to Antarctica's McMurdo Sound. Every year, this heavy icebreaker travels to the Sound to open up the shipping lanes needed to resupply the National Science Foundation's McMurdo Station and other facilities on Ross Island.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Appoints Kevin McDonnell as Chief Financial Officer

January 23, 2020

SIMI VALLEY, Calif.--(BUSINESS WIRE)–Jan. 23, 2020– AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced the appointment of Kevin McDonnell as senior vice president and chief financial officer, effective February 10, 2020.

"We welcome Kevin McDonnell to the AeroVironment team as senior vice president and CFO,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Kevin’s extensive leadership and CFO experience across diverse industries give him unique insights and perspectives that will support AeroVironment’s continued growth and success. Generating value for shareholders remains our top priority, and we look forward to working closely with Kevin to deliver on this objective.”

“I am excited to join AeroVironment at this exciting time in the company’s history,” said Mr. McDonnell. “The AeroVironment team has generated significant value for its shareholders, with a demonstrated track record of strong, profitable growth. I look forward to working with Wahid and the rest of the leadership team to enhance the company's financial and operational performance."

Brian Shackley, who served as interim chief financial officer during this extensive search, will remain vice president and controller. Mr. Nawabi continued, “We thank Brian for taking on the additional role of interim CFO throughout the search process, and look forward to continuing to benefit from his expertise and leadership as a key member of our team.”

About Kevin McDonnell

Prior to joining AeroVironment, Mr. McDonnell served as chief financial officer of JAMS, Inc., which provides alternative dispute resolution services. During his tenure at JAMS, Mr. McDonnell helped the company nearly double its revenue and more than double its EBITDA. Mr. McDonnell brings more than 30 years of experience in financial, IT and HR leadership roles, including serving as chief financial officer for companies in the technology, automotive and health industries. Most notably, Mr. McDonnell held various senior financial roles at Teradata Corporation during its high-growth phase, where the company grew from $3 million to $300 million in revenue and expanded globally into Europe and Asia. Mr. McDonnell also served as CFO of Digital Insight, where he was instrumental in significantly growing its annual revenue, taking the company public and leading three acquisitions.

Mr. McDonnell earned his J.D. at Loyola Law School and graduated cum laude with a Bachelor of Arts degree in Business Administration from Loyola Marymount University.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Learn How the National Park Service Acquired Actionable Data Using Quantix UAS

January 20, 2020

How the National Park Service Acquired Actionable Data Using Quantix UAS

It's been over a year since the devastating Woolsey Fire burned more than 96,000 acres across Los Angeles and Ventura Counties. The fire destroyed 88% of National Park Service land within the Santa Monica Mountains Recreation Area and set in motion a need for an environmental impact study to assess fire damage in key areas of the park. The National Park Service reached out to AeroVironment for assistance, and the flight operation's team began flying Quantix as soon as the park service clearance was obtained.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Bahamas Relief Operation

December 20, 2019

AeroVironment Team Supported Hurricane Dorian Aid Efforts 

"The Damage was unimaginable." said AeroVironment Flight Operations Manager Eric Thompson as he surveilled the destruction from Hurrican Dorian on Abaco - a small group of islands in the northern Bahamas. "When we arrived, we could see that the hurricane had destroyed everything in its path."


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Puma™ LE – Janes 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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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

“AeroVironment’s unmanned aircraft systems provide meaningful operational advantages to frontline troops of the United States and more than 45 allied nations,” said Melissa Brown, AeroVironment vice president and general counsel. “We understand the importance of protecting our technology while making it available to help protect our allies, and therefore take United States export regulations very seriously. We will continue to enhance our export controls and appreciate the Department of State’s acknowledgement of the corrective actions we have already taken.”

In reaching this settlement, the Department of State considered certain mitigation factors with respect to the alleged violations.An announcement from the Department of State included the following statement:

“AeroVironment voluntarily disclosed to the Department the alleged AECA (Arms Export Control Act) and ITAR (International Traffic in Arms Regulations) violations, which are resolved under this settlement.AeroVironment also acknowledged the serious nature of the alleged violations, cooperated with the Department’s review, and instituted a number of compliance program improvements during the course of the Department’s review. For these reasons, the Department has determined that it is not appropriate to administratively debar AeroVironment at this time.”


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

“Our United States and global customers require reliable, rugged and combat-proven tactical unmanned aircraft systems that defense and security personnel can deploy immediately from their rucksacks without the need for runways or other launch logistics,” said Rick Pedigo, vice president of sales and business development for AeroVironment. “This order builds on our fast-growing international customer base as more allied forces rely on our innovative systems to proceed with certainty on the frontlines.”

AeroVironment’s Raven system is designed for rapid deployment and high mobility for applications requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing 4.2 pounds, the hand-launched Raven provides aerial observation, day or night, at line-of-sight range of at least 6.2 miles (10 kilometers). The Raven’s stabilized gimbaled payload delivers real-time color or infrared imagery to ground control and remote viewing stations.

The AeroVironment Puma AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma AE has a wingspan of 9.2 feet, weighs 15 pounds and operates for up to 2.5 hours at line-of sight range of 20 kilometers with a standard antenna, and up to 60 kilometers with AeroVironment’s Long-Range Tracking Antenna. Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the small UAS class.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together withVAPOR® Helicopter UAS comprise AeroVironment’s family of tactical Unmanned Aircraft Systems. This Family of Systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

“AeroVironment engineered and manufactures the Raven system, so we are best equipped to support quick and efficient field upgrades to ensure maximum Raven system uptime and force protection for operators around the world,” said Rick Pedigo, vice president, sales and business development for AeroVironment. “AeroVironment and the Army are committed to supplying soldiers closest to the fight with the most advanced aerial robotic technology to gain critical situational awareness anywhere and at any time to help them proceed with certainty.”

AeroVironment won the competitive bid as part of the Army’s $248.5 million five-year Indefinite Delivery Indefinite Quantity small UAS sustainment contract announced in April 2018. AeroVironment and six other awardees were selected as part of the IDIQ contract, which covers six domains: Systems, Tactical Open Government Owned Architecture (TOGA), Other Major Components, RQ-20A Puma Spares, RQ-11B Raven Spares and Flight Control Systems (FCS). The Army selected AeroVironment as the sole-source supplier for RQ-20A and RQ-11B spares and for FCS.

AeroVironment’s Raven system is designed for rapid deployment and high mobility for applications requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing 4.2 pounds, the hand-launched Raven provides aerial observation, day or night, at line-of-sight ranges up to approximately 6.2 miles (10 kilometers). With its stabilized gimbaled payload, the Raven delivers real-time color or infrared imagery to ground control and remote viewing stations.

About AeroVironment Small UAS

The RQ-20A/B Puma™,RQ-11B Raven®,RQ-12A Wasp®, together with VAPOR Helicopter UAS comprise AeroVironment’s family of tactical unmanned aircraft systems. This Family of Systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

The test flight reached altitudes higher than those of the previous flight, and was conducted continuously for approximately one hour and 30 minutes. The HAWK30 successfully achieved more than two dozen test points, including 180-degree turns and further validation of avionics, power and propulsion performance. The team also simulated precise landing control on the runway, similar to its commercial operation concept.

After operations at AFRC, HAPSMobile plans to transport HAWK30 to the Hawaiian island of Lanai and is accelerating preparations to perform stratospheric test flights at Lanai within the fiscal year ending March 31, 2020.

“We’re extremely pleased that the second test flight was a success. Seeing the HAWK30 fly gracefully, even under greater turbulence at higher altitudes, has given us confidence for future flights,” said Junichi Miyakawa, Representative Director & CTO of SoftBank Corp., and also President & CEO of HAPSMobile. “We’ll carefully verify the data from this test and move forward with preparations to conduct stratospheric flight tests. We’ll continue to work toward our ultimate goal of bridging the world’s digital divide and revolutionizing mobile connectivity by leveraging the HAPS platform.”

“Our team is delivering outstanding results to achieve our joint goal of addressing a very large market opportunity and to connecting people around the globe,” said Wahid Nawabi, AeroVironment Chief Executive Officer and a Director of HAPSMobile. “This was our second consecutive successful test flight in which we achieved important program objectives and demonstrated AeroVironment’s unique solar HAPS capabilities and experience. We thank our flight test partner, NASA, for its ongoing support with their facilities and flight test range as we validate this innovative unmanned aircraft system.”

  • SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
  • Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.

About HAPSMobile

HAPSMobile Inc. is a subsidiary of SoftBank Corp. that plans and operates a High Altitude Platform Station (HAPS) business with the aim of bridging the world’s digital divide. HAPSMobile is primarily engaged in network equipment research and development for the HAPS business, construction of core networks, new business planning and activities for spectrum usage. AeroVironment, Inc. is HAPSMobile’s minority owner and aircraft development partner for “HAWK30,” a solar-powered unmanned aircraft designed for stratospheric telecommunications platform systems that flies approximately 20kms above ground in the stratosphere. HAPSMobile has a strategic relationship with Loon, a subsidiary of Alphabet, the parent company of Google. For more information, please visit https://www.hapsmobile.com.

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

“With nearly two decades of combat-proven effectiveness, Raven is a mainstay workhorse for this customer’s military, other allied governments, and the U.S. military because it gives troops closest to the fight immediate eyes in the sky to gain lifesaving situational awareness anywhere and at any time,” said Rick Pedigo, vice president of sales and business development at AeroVironment.“Raven’s ruggedness, small footprint and sensor capabilities ensure that allied forces throughout the world have a profound advantage at a moment’s notice in the most extreme environments.”

AeroVironment’s Raven system is designed for rapid deployment and high mobility for applications requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing 4.2 pounds, the hand-launched Raven provides aerial observation, day or night, at line-of-sight ranges up to approximately 6.2 miles (10 kilometers). With its stabilized gimbaled payload, the Raven delivers real-time color or infrared imagery to ground control and remote viewing stations.

AeroVironment is participating in the Defense and Security 2019 Exhibition and Conference in Bangkok, Thailand from November 18 through 21. Please visit AeroVironment at Booth U03 or at www.avinc.com to learn more.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®,RQ-12A Wasp®, together with VAPOR® Helicopter UAS comprise AeroVironment’s family of tactical unmanned aircraft systems. This Family of Systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement small unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

AeroVironment’s Puma 3 AE small unmanned aircraft system is designed for the real-world environment Border Patrol agents operate in.Easy to transport, deploy and operate, the Puma system can be launched from anywhere, at any time, and requires no additional infrastructure, such as runways or launch devices. The AeroVironment Puma flies for hours in the most extreme environments while producing high-resolution, continuous or on-demand spot surveillance of critical land and sea border areas at any time of the day or night. Highly automated and with GPS navigation, the Puma dramatically extends the reach of Border Patrol agents at a fraction of the cost of manned or larger unmanned aircraft.

“Operating on the nation’s front line, U.S. Border Patrol agents deploy the AeroVironment Puma system day or night from a safe distance to scan a border area for activity and then use that information to respond more quickly, more stealthily and with less risk,” said Rick Pedigo, AeroVironment vice president of business development. “Puma takes on the tougher missions in treacherous and dangerous terrain and keeps border agents out of harm’s way. Border Patrol agents pack the system on their vehicles, allowing them to gain an eyes-in-the-sky advantage at a moment’s notice.”

The Puma 3 AE systems will also support humanitarian missions, assisting in the location of individuals in need of aid along difficult-to-reach border areas and responding to natural disasters.

The AeroVironment Puma AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the small UAS class.

AeroVironment’s unmanned aircraft systems are uniquely professional grade and proven with more than 1 million operating hours, including in extreme environments and combat operations. As the largest supplier of reconnaissance UAS to the US Department of Defense, AeroVironment offers a family of small and portable UAS that have been protecting soldiers, marines, airmen and special operators in the harshest environments for more than two decades.

About AeroVironment Tactical UAS

TheRQ-20A/B Puma™, Puma LE,RQ-11B Raven®,RQ-12A Wasp®, together with VAPOR Helicopter UAS comprise AeroVironment’s family of tactical Unmanned Aircraft Systems. This Family of Systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement small unmanned air vehicles to customers within the United States and to more than 45 allied governments.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

AeroVironment, which opened Innovation Centers in New England and the Midwest in 2019 to expand beyond its facilities in California, Washington, DC and Huntsville, Alabama, earned the Great Place to Work credential based on extensive ratings provided by its team members in anonymous surveys. The survey found that more than 85 percent of team members agreed on statements such as “I’m proud to tell others I work here”; “When I look at what we accomplish, I feel a sense of pride”; and “When you join AeroVironment, you are made to feel welcome.”

“Every day we strive to make our team members’ experience a priority and we take tremendous pride in being certified as a Great Place to Work company,” said Alison Roelke, vice president of People & Culture at AeroVironment.“Our experience has shown us that when team members are happy and truly engaged with our customers and each other, we can create amazing and innovative solutions that drive better business results and help all our stakeholders proceed with certainty.”

“We congratulate AeroVironment on its certification,” said Sarah Lewis-Kulin, vice president of Best Workplace List Research at Great Place to Work. “Organizations that earn their employees’ trust create great workplace cultures that deliver outstanding business results.”

Using validated employee feedback gathered with Great Place to Work’s rigorous, data-driven “For All” methodology, certification confirms 7 out of 10 employees have a consistently positive experience at AeroVironment. A summary of the anonymous employee ratings can be found here.

About Great Place to Work®

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a Great Place to Work For All™.

To learn more, visit greatplacetowork.com, listen to the podcast Better by Great Place to Work, and read “A Great Place to Work for All.” Join the community on LinkedIn, Twitter, and Instagram.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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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.

Delivering Group 2 capabilities in a Group 1 footprint, the aircraft weighs only 22.5 pounds (10.4 kilograms), and is launchable by hand or bungee, making Puma LE easy to deploy and recover. On-board batteries provide 5.5 hours of flight endurance, doubling the time on station of Puma 3 AE, with an operational range of 60 kilometers when used with AeroVironment’s Long-Range Tracking Antenna (LRTA). Puma LE’s economical dual-case mission pack contains everything needed to perform two complete 5.5-hour missions with a single aircraft and Ground Control System (GCS).

Puma LE is purpose-built for multi-mission operations with up to 5.5 pounds of total payload capacity. The aircraft’s ruggedized secondary payload bay enables the integration of third-party payloads with a dedicated power supply providing 18-24 volts at up to 5 amps, and an Ethernet connection port for payload communications. This capability provides the flexibility for operators to incorporate specialized payloads such as electronic warfare, RF emitter geolocation, laser designation, communications relay and others.

“Puma LE is the next generation of the combat-proven Puma AE small UAS, delivering immediate tactical ISR, extended endurance and a dedicated secondary payload bay to dramatically expand its mission capabilities,” said Rick Pedigo, vice president of sales and business development for AeroVironment. “With Puma LE, AeroVironment expands the envelope of small unmanned aircraft systems, and enables our customers to proceed with certainty in ever-changing operational environments.”

Puma LE can be operated manually or autonomously with AeroVironment’s common GCS. Puma LE utilizes plug and play, interoperable line-replaceable unit (LRU) components that can be shared with other Puma AE aircraft. This native compatibility reduces training and logistical impact for operators. In addition, current Puma AE customers can now optimize their fielded systems by purchasing Puma LE as an add-on aircraft and easily installing Puma AE LRU components. Multiple Puma LE system options provide the flexibility for customers to choose the right configuration based on mission requirements.

AeroVironment is now accepting orders for Puma LE, with expected delivery in spring 2020. For more information, visit AeroVironment at the AUSA 2019 Annual Meeting & Exposition, Booth #425, or at www.avinc.com/pumale.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Portugal’s Military Drone Program Takes Flight with RQ-11B Raven

October 02, 2019

Portugal’s first sustained combat operations in decades has resulted in the acquisition and deployment of a new unmanned aerial system capability.

“It has proved a really demanding theater of operations and we have received a lot of requirements that are forced in the field need and we are providing them,” said Richard Camilo, a staff officer with the Portuguese Army Force Planning Division. Camilo spoke exclusively to The Defense Post at the SMi-organized UAV Technology conference in London on October 1.

One of those acquisitions is AeroVironment’s Raven, a mini UAV that is hand deployable by Portuguese soldiers operating in the field. Last year, Portugal purchased 12 Raven systems through a $5,962,494 NATO Support and Procurement Agency contract. The first RQ-11B Raven drones were received by the Portuguese Army in June.

The drone is lightweight, man-portable, hand-launched and meant to be operated by two people. The system is designed to be unpacked and launched within five minutes. The American-built drone is now used by 18 of NATO’s 29 militaries and operators on all six inhabited continents. A 10-day training course is needed to deploy the system.

The drone will give Portuguese forces ISTAR capabilities and improve C4ISR.

Helmet camera footage of Portuguese forces involved in combat operations against militias in Central African Republic shows confused gunfights – and that’s where the new Portuguese drone capability could prove helpful as Portuguese forces are often called onto to perform missions on short notice in the CAR.

Portugal has deployed roughly 200 personnel, mainly paratroopers, to the United Nations’ ongoing MINUSCA peacekeeping operations in Central African Republic. A special company operates from the capital Bangui as a Rapid Reaction Force.

Soldiers from the 1st Parachute Infantry Battalion, which deployed to Central African Republic in September, were among the first trained on the use of the RQ-11B Raven unmanned aerial system.

In January, Portuguese paratroopers engaged in a five-hour gun battle with the Union for Peace in the Central African Republic (UPC), an ex-Seleka militia group, for control of the town of Bambari in the heart of the country. The paratroopers clashed with “pockets of fighters” for several days after the battle.

While many militaries grapple with limited defense budgets as they look to expand their ISTAR capabilities via drones, Portugal’s current involvement in combat operations makes it a special case.

“We are also seeking to acquire new radios, communications, and battlefield management systems and for all this the priority is for this to deployed with them,” Camilo said, referring to the Portuguese MINUSCA contingent. Portugal is the only NATO member state presently involved in the mission.

While Portugal may be latecomer to unmanned aerial systems, it has a front-row seat to the development of maritime drones.

In September the waters off Portugal’s Sesimbra and Troia peninsulas hosted Exercise REP (MUS) 19 designed to test the interoperability of robot ships and maritime drones in support of NATO’s Maritime Unmanned Systems Initiative.

A large contingent of the Portuguese Navy was joined by representatives from other NATO allies including Belgium, Italy, Turkey, Poland, the United Kingdom and the United States. The exercise included dozens of unmanned underwater, surface and air vehicles as NATO nations work to counter Russia’s growing prowess in maritime drones by developing more capabilities to monitor the oceans.

These experiences will certainly influence the crafting of Portugal’s own drone doctrine. Like other speakers at the UAV Technology conference, Camilo made clear that future military systems that are deployed by Portugal will not be fully autonomous and will be centered on their human operators.

“Drones maybe one of the most visible examples of the work the NATO Support and Procurement Agency has done to boast the capabilities of the Portuguese armed forces. It is a further testament to Portugal’s commitment to NATO and vice-versa,” said Manuel Matos Dos Santos, the President of the youth wing of the Atlantic Treaty Association of Portugal (YATA).

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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
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HAWK30 Takes Flight - AeroVironment Achieves Successful First Test Flight of Next Generation Solar HAPS Unmanned Aircraft System

September 16, 2019
  • Successful first test flight takes place less than two years after program start
  • Test program to expand operating envelope with sequentially higher and longer flights

SIMI VALLEY, Calif., Sept. 16, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, announced the successful first flight of the HAWK30 solar HAPS unmanned aircraft system on September 11, 2019 at the NASA Armstrong Flight Research Center in California. AeroVironment partnered with SoftBank Corp (TOKYO:9434) to create HAPSMobile Inc., the joint venture funding HAWK30 design development and demonstration.

“The first flight of HAWK30 builds on more than two decades of pioneering HAPS technology development and demonstration by the AeroVironment team, and comes only two years since SoftBank joined us in this endeavor,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We are the pioneer and leader in HAPS, delivering continued progress and demonstrated success. We look forward to achieving even greater success in flight testing, culminating in high-altitude, long-endurance flight demonstrations that will pave the way for the global commercialization of HAPS technology.”

“We are grateful for the expertise and support from NASA’s outstanding team at the Armstrong Flight Research Center. We are proud to add another milestone to their storied history of aviation innovation,” Nawabi added.

Developed and assembled in AeroVironment’s HAPS Innovation Center, the HAWK30 has a wingspan of approximately 260 feet and is propelled by 10 electric motors powered by solar panels covering the surface of the wing, resulting in zero emissions. Flying at an altitude of approximately 65,000 feet above sea level and above the clouds, the HAWK30 is designed for continuous, extended missions of up to months without landing.

AeroVironment seeks to create value from its unique HAPS intellectual property and capabilities in multiple ways: participating in the anticipated growth of the HAPSMobile joint venture as one of its two owners; generating customer-funded research and development revenue as the exclusive developer of solar HAPS for HAPSMobile through the design, development and demonstration phases of the program; manufacturing and supplying HAPS UAS to HAPSMobile; supporting and maintaining a deployed fleet of HAPS systems; and marketing and selling HAPS UAS to non-commercial customers globally, with the exception of Japan.

AeroVironment pioneered the concept of high-altitude solar-powered UAS in the 1980s, and developed and demonstrated multiple systems for NASA’s Environmental Research Aircraft and Sensor Technology, or ERAST program, in the late 1990s and early 2000s. In August 2001, the AeroVironment Helios prototype reached an altitude of 96,863 feet, setting the world-record for sustained horizontal flight by a winged aircraft. In 2002, the AeroVironment Pathfinder Plus prototype performed the world’s first UAS telecommunications demonstrations at 65,000 feet by providing high-definition television (HDTV) signals, third-generation (3G) mobile voice, video and data and high-speed internet connectivity.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Unveils VAPOR All-Electric Helicopter UAS at DSEI, Adding New and Expanded Mission Capabilities to Its Family of Small Unmanned Aircraft Systems

September 10, 2019
  • VAPOR 35 and VAPOR 55 add vertical take-off and landing (VTOL) and multi-payload capabilities, complementing and expanding AeroVironment’s leading fixed-wing small unmanned aircraft systems (UAS)
  • VAPOR all-electric Helicopter UAS product line delivers advanced performance, endurance and payload flexibility, with up to 10 lbs. (4.5 kg) of usable payload capacity, and one hour of flight time on a single battery charge
  • Addition of VAPOR strengthens AeroVironment’s commitment to delivering multi-mission operational capabilities and comprehensive small UAS solutions for defense, commercial and industrial customers
  • AeroVironment combat-proven family of small UAS deliver actionable intelligence as the leading small UAS deployed by U.S. Armed Forces, and more than 45 allied governments

LONDON, at DSEI 2019, STAND N5-202, Sept. 10, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced the availability of its VAPOR all-electric Helicopter UAS at Defence & Security Equipment International (DSEI), the world’s largest land, sea and air defense and security exhibition. Developed at AeroVironment Innovation Center-Midwest, VAPOR incorporates more than a decade of aerospace engineering, technical research and development to bring to market high-performance helicopter UAS at attractive price points for defense, commercial and industrial customers.

“The addition of VAPOR to our family of small unmanned aircraft systems demonstrates our commitment to providing customers with the most comprehensive capabilities to help them proceed with certainty in an ever changing operating environment,” said Rick Pedigo, vice president, sales and business development for AeroVironment. “VAPOR fully complements AeroVironment’s family of fixed-wing UAS with VTOL and flexible payload capabilities that can satisfy new customer missions across multiple domains.”

VAPOR – Intelligently Designed To Perform

Combining military-grade components, advanced flight control, and broad payload flexibility, VAPOR is purpose-built for mission critical performance. Fully automatic flight operation allows VAPOR to complete missions without operator intervention, with dynamic re-tasking to ensure safety, reliability and adaptable mission execution. With an expansive modular payload bay, and up to 10 lbs. (4.5 kg) of usable payload capacity, VAPOR is multi-mission capable with access to a variety of integrated sensors and third-party payloads including gimbaled EO/IR, survey grade PPK mapping, LiDAR and hyperspectral sensors, and an available Drop/Delivery Mechanism. Every VAPOR is powered by proprietary HeliSynth™ technology for system level optimization including advanced autopilot, payload command and control, and endurance.

Multiple VAPOR all-electric Helicopter UAS options are now available, enabling customers to choose the right configuration based on mission requirements, with the flexibility to create custom configurations that incorporate end-user provided equipment.

VAPOR 35 (GTOW 32 lbs., 14.5 kg) – With an advanced autopilot and a variety of available sensors, VAPOR 35 provides the flexibility to meet the most demanding missions. Aerodynamic 3-blade rotor design and high energy lithium-polymer batteries deliver up to one hour of flight time, all in a single case mission configuration with economical one-man lift packout.

VAPOR 55 (GTOW 55 lbs., 24.9 kg) – The versatile, powerful and easily configurable VAPOR 55 is designed to satisfy complex operational requirements. Heavy lift capable with up to 10 lbs. (4.5 kg) of usable payload weight (belly, side or slung), VAPOR 55 is single or multiple payload capable with access to a variety of integrated sensors, Drop/Delivery mechanism and third-party payload options.

VAPOR systems are now available for ordering. Learn more at www.avinc.com/vapor

Visit AeroVironment at DSEI 2019, STAND N5-202, Sept. 10-13, 2019 to learn more about VAPOR Helicopter UAS. https://www.dsei.co.uk/


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Donates 87 Quantix Drones and AV DSS Ecosystems to 35 U.S. University Agriculture Departments to Advance Drones in Farming

August 21, 2019
  • 2019 University Collaboration Project advances academic research, applications and crop production practices
  • Quantix™ hybrid drone and the AeroVironment Decision Support System™ (AV DSS) deliver on-demand field intelligence to improve crop management for today’s growers
  • Drone and data analytics ecosystem to be used in a wide variety of precision agriculture research studies

SIMI VALLEY, Calif., August 21, 2019 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced its 2019 Quantix and AV DSS University Collaboration Project. The project’s focus is to advance academic research, applications and crop production practices to improve the future of farming through the use of unmanned aircraft systems (UAS) and advanced data analytics.

Through the project, AeroVironment has donated 87 Quantix™ hybrid drone and AV DSS™ ecosystems to the agricultural departments of 35 universities throughout the U.S., including Purdue University, The Ohio State University, Cornell University, University of Louisiana-Monroe, University of Florida, University of Georgia, North Dakota State University, Cal Poly San Luis Obispo and many others.

Participating universities will employ AeroVironment’s Quantix hybrid drone and AV DSS data analytics platform in a variety of in-field trials, application usage studies and precision agriculture systems research covering areas such as crop nutrient and input management, artificial intelligence for detecting weeds, pests and diseases, and improved accuracy of crop yield prediction. Participating universities will share their hands-on experience, along with use-case insights that can improve in-field performance and advance the adoption of drone-based technologies for the agriculture industry.

“Working with the team at AeroVironment moved our drone-based agriculture research forward beyond what we could have done otherwise,” noted professor Quirine Ketterings, Cornell University Nutrient Management Spear Program. “Ultimately, our goal is to develop accurate corn yield predictions based on in-season nitrogen applications to achieve an optimal economic return for the producer.”

Featuring automated precision flight operation and an innovative VTOL (vertical takeoff and landing) hybrid design, Quantix is purpose-built for crop scouting, and can survey up to 400 acres in just 45 minutes. During flight, integrated sensors capture high-resolution color and multispectral imagery via dual 18 megapixel cameras. On-board processing wirelessly transmits true color and NDVI imagery to the included operating tablet as soon as the drone lands, allowing growers to investigate issues while still in the field. For more detailed analysis, Quantix seamlessly integrates with AV DSS to perform advanced image processing and data analytics, including True Color, NDVI, GNDVI, canopy coverage, anomaly detection and more, providing users with deeper insights into plant emergence, vegetative health, inputs and resource management.

“AeroVironment’s donation of Quantix and AV DSS will enable participating universities to quickly and easily gain the on-demand field intelligence they need to advance multiple areas of agriculture research, while enhancing the understanding and application of drone-based technology,” said Rick Pedigo, vice president of business development at AeroVironment. “With on-demand access to high resolution imagery and advanced data analytics, we’re preparing the latest generation of farmers to employ drone technology, such as Quantix and AV DSS, throughout their farming practices, improving crop production and farming efficiencies for years to come.”

“Working with industry leaders such as AeroVironment allows our program to stay on the forefront of the UAS field. The donation of two drones to our program will allow us to provide outstanding hands-on experience to our students,” said Paul Karlowitz, director of operations, University of Louisiana Monroe’s Precision Agriculture and UAS Research Center.

Several participating universities will feature Quantix and AV DSS at upcoming agriculture and UAS learning events:

  • University of Illinois Department of Crop Sciences – Agronomy Day, Aug. 22, 2019
  • Kansas State University – UAS Tech Forum, Aug. 21-22, 2019
  • Purdue University – NACAA Forum, Sept. 8-12, 2019
  • The Ohio State University – Farm Science Review, Sept. 17-19, 2019

For more information, or to purchase a Quantix and AV DSS product package visit: www.avdroneanalytics.com.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Receives $45 Million Raven B Unmanned Aircraft Systems Contract Award for U.S. Army Security Force Assistance Brigades

August 19, 2019
  • Contract award funded by U.S. Government fiscal year 2019 appropriations
  • Raven systems support U.S. Army, Marine Corps, Air Force, Special Operations Command, National Guard and more than 25 defense forces around the globe
  • Raven lightweight small unmanned aircraft system is designed for rapid deployment to deliver real-time tactical situational awareness

SIMI VALLEY, Calif., Aug. 19, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced it received a firm fixed-price contract award on July 25, 2019 valued at $45,190,881 for RQ-11B Raven® small unmanned aircraft systems (UAS) and initial spares packages. AeroVironment received the contract award from the United States Army for its Security Force Assistance Brigades (SFAB). Delivery is anticipated by January 2020. 

The SFAB are specialized units with the core mission to conduct training, advising, assisting, enabling and accompanying operations with allied and partner nations.

“Raven is the most widely deployed small unmanned aircraft system in the United States Department of Defense’s fleet,” said Rick Pedigo, vice president, sales and business development for AeroVironment. “Our family of small unmanned aircraft systems supports all U.S. military services and more than 45 allied nations. Every day, AeroVironment small UAS provide the actionable intelligence our customers need to proceed with certainty.”

In a report published by the United States Army on July 24, 2019, Sgt. Jordan Aguiar, a cavalry scout assigned to Alpha Troop of the 2nd Squadron, 101st Cavalry Regiment, said the Raven is more agile and less detectable than larger and more costly unmanned aircraft. Soldiers use it to conduct battlefield reconnaissance and provide their units with a greater level of security. Sgt. Foluke Marsh added, "If you need to have eyes on a target, or eyes on a convoy to make sure everything is safe, it's good to send out the Raven instead of risking someone getting hurt or killed."


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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HAPSMobile to Fly HAWK30 UAS in Stratosphere Above Hawaiian Island of Lanai

August 13, 2019

The FAA has granted HAPSMobile Inc. a Certificate of Authorization (COA2) to fly the HAWK30 solar-powered UAS to provide a stratospheric telecommunications platform system in the Hawaiian island of Lanai’s stratosphere.

HAPSMobile has been working with the University of Alaska Fairbanks (UAF) and the University of Hawaii to conduct stratospheric test flights using HAWK30, as part of collaborative activities with the Pan-Pacific UAS Test Range Complex (PPUTRC).


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems

June 11, 2019
  • Pulse’s complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment’s leading family of fixed-wing small unmanned aircraft systems (UAS)
  • Acquisition expands total addressable market by increasing mission capabilities of AeroVironment family of systems
  • Pulse Aerospace receives multi-year contract award with a maximum value of more than $13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services
  • Acquisition expected to be accretive to AeroVironment earnings by the third full year of operations

SIMI VALLEY, Calif., June 11, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand.

Pulse Aerospace is a leading developer of small VTOL UAS technology in the United States. Pulse’s HeliSynth™ technology brings flight control, payload, and endurance capabilities to market at attractive price points for both defense and commercial end markets. Pulse recently received a multi-year contract award with a maximum value of more than $13 million from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services.

AeroVironment expects the transaction to be accretive to its earnings by the third full year of operations.

“The talented Pulse Aerospace team has created a solution set that is unique and will expand our family of unmanned systems by addressing increasing demand from our customers for small VTOL solutions,” said Wahid Nawabi, AeroVironment’s president and chief executive officer. “This transaction brings together two highly complementary companies in terms of products, markets and culture, and will better position AeroVironment to grow our share of the small UAS market. The team at Pulse Aerospace shares our focus on disruptive innovation and we welcome them to AeroVironment. Together, we will deliver even more capability to our customers in the United States and more than 45 allied countries around the world.”

“We are excited to join together to realize the full benefits of this transaction as we employ key, future-defining technologies such as robotics, sensors, software analytics and connectivity. Additionally, we look forward to gaining access to the strong technical talent pool in the Lawrence, Kansas area to help achieve our long-term growth objectives,” Nawabi added.

“AeroVironment’s global market presence dramatically increases the reach of Pulse’s VTOL UAS technology,” said Aaron Lessig, Pulse Aerospace, LLC’s chief executive officer. “Pulse’s offering expands AeroVironment’s mission capabilities with increased payload capacity, which broadens customer use cases. We look forward to growing AeroVironment’s share of the global unmanned systems market together.”

In connection with the transaction, Pulse Aerospace’s Lawrence, Kansas facility will become AeroVironment Innovation Center - Midwest, with a focus on small VTOL unmanned aircraft and mission planning solutions.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment, Inc. to Present at the William Blair 39th Annual Growth Stock Conference

June 03, 2019

SIMI VALLEY, Calif., June 3, 2019 – AeroVironment, Inc. (NASDAQ: AVAV) today announced that President and Chief Executive Officer Wahid Nawabi will present at the William Blair Growth Stock Conference in Chicago on Wednesday, June 5, 2019 at 8:00 a.m. Central Time.

A live audio webcast of the presentation will be available in the Events and Presentations section of the AeroVironment website at http://investor.avinc.com/events.cfm. A replay of the webcast will be available for 90 days.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment Announces Retirement of General Manager Kirk Flittie

May 16, 2019

SIMI VALLEY, Calif., May 16, 2019 - AeroVironment, Inc. (NASDAQ:AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the retirement of Kirk Flittie, senior vice president and general manager. Flittie will retire due to health reasons on July 13, 2019 and will provide consulting services for a period of time thereafter to support his transition.

“Our Board of Directors and senior management team thank Kirk Flittie for his service to the company,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Kirk has invested more than 20 years into supporting our customers and developing our people.His servant leadership and positive attitude left an indelible impact that will continue to benefit AeroVironment for years to come. We wish him the best in his retirement.”


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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AeroVironment and Kratos Team to Demonstrate Integrated High-Performance Tactical UAS and Tactical Missile System Capabilities

May 07, 2019
  • Strategic teaming and collaboration between market leaders in their respective fields to demonstrate low-cost, flexible intelligence, surveillance, reconnaissance and precision strike in near-peer denied combat environments
  • AeroVironment tube-launched small unmanned aircraft and tactical missile systems to be integrated with Kratos high-speed, low-cost attritable drones to dramatically enhance situational awareness and system effectiveness
  • High-speed, larger unmanned aircraft will enable delivery of small, highly autonomous systems across significant distances in denied environments at coordinated times and locations

WASHINGTON, at Sea Air Space, May 7, 2019AeroVironment, Inc. (NASDAQ: AVAV), the leader in unmanned aircraft systems (UAS) and tactical missile systems (TMS), and Kratos Defense & Security Systems, Inc. (NASDAQ: KTOS) Unmanned Systems Division, the leader in high-speed, tactical drone targets and unmanned aircraft, today announced a new strategic relationship to develop and demonstrate highly integrated and operationally effective multi-domain unmanned system solutions for near-peer, denied environments.

“AeroVironment’s small unmanned aircraft systems and tactical missile systems have transformed the way ground forces train, equip, plan and operate to deliver battlefield superiority,” said Trace Stevenson, vice president and deputy general manager of AeroVironment’s UAS business. “Working with Kratos, an innovative host aircraft partner, together we are developing and will demonstrate the integration of tube-launched UAS and tactical missile systems into long-range, high speed and low cost unmanned systems for their transport and delivery into near-peer, denied environments.”

“With sufficient onboard autonomy, sensors, payloads and an integrated system design, we aim to demonstrate the deployment of large quantities of smart systems that overwhelm and disable enemy systems, while bending the cost curve to make it financially prohibitive for unfriendly nations to challenge our armed forces,” Stevenson added.

“Kratos and AeroVironment offer complementary capabilities while sharing an intense focus on disruptive and affordable unmanned aircraft solutions for the DoD,” said Steve Fendley, president of Kratos Unmanned Systems Division. “Deploying AeroVironment’s tube-launched UAS and tactical missiles from Kratos’ highly survivable, long-range jet UAS creates an exciting opportunity to substantially increase the effectiveness and stand-off range of our existing technologies. Using internal funding, Kratos rapidly developed and demonstrated the Mako Tactical UAS in 2015, proving the speed advantage of the internal funding approach. By teaming together and investing in this capability in support of the American warfighter, Kratos and AeroVironment seek to further enhance our nation’s defenses with an affordable, comprehensive mission solution that will be ready in months, not years.”

Kratos and AeroVironment’s first collaborative project is designed to demonstrate the ability to launch, communicate with, and control a small, tube-launched loitering aircraft from a larger runway-independent unmanned aircraft. The overall system-of-system effectiveness will be evaluated for its ability to coordinate the effects of the smaller AeroVironment systems, relay useful information back to the Kratos mothership, and either pass information back to a ground control station or act upon that information to modify mission taskings.

Please visit the AeroVironment booth at Sea Air Space, National Harbor, Maryland.

Sea Air Space Booth Number AeroVironment #2709

About Kratos Defense & Security Systems, Inc.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems, and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com. More information on Kratos Unmanned Systems Division can be found at www.KratosUSD.com.

Contacts

AeroVironment, Inc.

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Mark Boyer
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Kratos Defense & Security Systems, Inc.
Yolanda White
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Claire Burghoff
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About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Contact:
AeroVironment, Inc.
Steven Gitlin
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Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
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AeroVironment Announces Launch of New England Innovation Center, the Company’s First Engineering Operation Outside of California

April 30, 2019
  • New operation to expand advanced engineering and innovation capacity in key region to support AeroVironment’s growth strategy
  • Led by Tom Vaneck, former vice president of InstantEye Robotics
  • Special recruiting event featuring top AeroVironment leadership scheduled for 1:30 p.m. on May 1 at Xponential

CHICAGO, at AUVSI XPONENTIAL – April 30, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the creation of its New England Innovation Center (NEIC). The new office will lead development of advanced solutions complementing AeroVironment’s market-leading small UAS and furthering the company’s growth strategy.

“We are expanding our capabilities, our team and our footprint to achieve our growth objectives,” said Wahid Nawabi, AeroVironment president and chief executive officer. “The greater Boston region is a dynamic center of advanced development and talent in technologies key to the future of our customers’ operations, including robotics and artificial intelligence. Our latest Innovation Center will expand AeroVironment’s capabilities so that we may translate advances in key technologies into ever more valuable solutions that support our customers across the globe.”

“We welcome Tom Vaneck to our team with his extensive experience and knowledge of the unmanned systems industry and a track record of competitive success. We look forward to Tom’s leadership of our NEIC and his contributions to supporting our customers,” Mr. Nawabi added.

“I’m excited to be part of the team at AeroVironment, the leader in unmanned systems technologies for those on the front-line, and a company I have watched and admired for many years,” said Vaneck, vice president and managing director of AeroVironment’s NEIC. “Our New England Innovation Center will develop new robotic platforms to expand our family of systems, advance our autonomous capabilities and build on AeroVironment’s history of delivering innovative solutions that help customers proceed with certainty.”

Vaneck served as vice president of InstantEye Robotics, a division of Physical Sciences, Inc.Previously, he served as general manager of Aurora Flight Sciences’ Cambridge Research and Development Center. Vaneck earned a Ph.D. in Aeronautics and Astronautics from Stanford University, and a Master of Science in Aerospace Engineering, Master of Arts in Mathematics and Bachelor of Science in Aerospace, Aeronautical and Astronautical Engineering from Penn State University.

AeroVironment is actively seeking top talent for its New England and Simi Valley operations, with more than 70 open positions, and will hold a special interactive recruiting event at AUVSI XPONENTIAL. The event is titled “The Power of People and Culture,” and will feature senior AeroVironment leadership starting at 1:30 p.m. CT on May 1, in The Idea Room – hosted by AeroVironment (room #505A of McCormick Place). A reception will follow the presentation. Visitors and interested applicants can learn more about AeroVironment at XPONENTIAL exhibition booth #1631.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. 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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Additional AV News: click here
AV Media Gallery: click here
Contact:
AeroVironment, Inc.
Steven Gitlin
+1 (805) 520-8350
.(JavaScript must be enabled to view this email address)

Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
.(JavaScript must be enabled to view this email address)