TALES OF THE TAPE: Unmanned Planes Fuel AeroVironment Growth

April 21, 2009

CHICAGO (Dow Jones)-With a corner on the U.S. defense market for very small, unmanned aircraft and new clean energy technology in the pipeline, AeroVironment, Inc.'s (AVAV) chairman and chief executive, Timothy Conver, expects the company to find continued opportunities for revenue growth. Conver said Secretary Robert Gates's strategy at the U.S. Department of Defense, to offer greater support to current armed forces, plays into AeroVironment's strength.

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