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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Contact:
AeroVironment, Inc.
Steven Gitlin
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
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