News & Articles

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Source: AeroVironment Inc.
  • Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical intelligence, surveillance and reconnaissance in maritime and land operations
  • Customer joins growing number of allied government forces fielding AeroVironment’s advanced, battle-proven family of tactical unmanned aircraft systems
  • Foreign Military Sales program promotes interoperability among U.S. and allied forces for joint operations

SIMI VALLEY, Calif., March 11, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it secured a $5,922,461 firm-fixed-price U.S. Department of Defense Foreign Military Sales (FMS) contract award on December 22, 2020 to provide Puma™ 3 AE tactical UAS, training and support to a European allied nation. Delivery is anticipated by April 2021.

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Source: AeroVironment Inc.

The US Navy (USN) plans to acquire up to 120 AeroVironment Blackwing unmanned air vehicles (UAVs) for its submarines.

The first drone is expected to be delivered as early as August 2021, says the service in a sole source notice it posted online on 9 March. The last UAV is scheduled to be delivered by May 2023. The Blackwing can be launched into the air via a submerged submarine. The UAV is packed into a canister that is ejected from an underwater submarine, the canister then floats to the surface and shoots the Blackwing into the air.

In order to fit inside a canister, the small UAV has two pop-out wing sets. It has a wingspan of 68.6cm (27in) and is powered by an electric motor-driven pusher propeller. On its nose, the UAV carries electro-optical and infrared sensors. It also carries GPS and inertial navigation systems. Those sensors combined with a tactical data link allow the UAV to pass back targeting information to a submarine.

In order to fit inside a canister, the small UAV has two pop-out wing sets. It has a wingspan of 68.6cm (27in) and is powered by an electric motor-driven pusher propeller. On its nose, the UAV carries electro-optical and infrared sensors. It also carries GPS and inertial navigation systems. Those sensors combined with a tactical data link allow the UAV to pass back targeting information to a submarine.

The service has been experimenting with the Blackwing for several years. After several demonstrations in 2019 and 2020, initial operational capability for the Blackwing was declared in September, said Rear Admiral Dave Goggins, programme executive officer for submarines, reported Seapower magazine last November. The USN has demonstrated launching the Blackwing from the Los Angeles-class fast-attack submarine USS Annapolis, he said.

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AeroVironment has always been powered by great thinkers and doers, constantly experimenting with new ideas that help customers do more and offering innovative firsts and never-seen-before solutions. These innovators have learned over time that being at the forefront of technology can be both daunting and rewarding, and the adoption of transformative solutions can take time, but in the end, they come to life.

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Source: AeroVironment Inc.
  • Competitive task order awarded for USSOCOM’s Mid-Endurance Unmanned Aircraft Systems (MEUAS) program
  • Vertical takeoff and landing (VTOL) JUMP 20 unmanned aircraft system delivers true versatility and multi-mission capabilities without launchers or runways to USSOCOM and other customers

SIMI VALLEY, Calif., March 9, 2021 – AeroVironment, Inc.(NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced that its wholly-owned subsidiary Arcturus UAV, now operating under the AeroVironment brand, was awarded a competitive task order valued at approximately $7 million from the U.S. Special Operations Command (USSOCOM). The competitive task order is for a one-year period of performance, which started February 3, 2021.

USSOCOM selected Arcturus UAV as one of six companies qualified for the potential $975 million Indefinite Delivery, Indefinite Quantity (IDIQ) MEUAS contract in June 2020. The contract enables awardees to compete for site-specific task orders and provide USSOCOM with unmanned aircraft systems services and support for intelligence, surveillance and reconnaissance (ISR) operations. 

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Source: AeroVironment Inc.
  • Transaction significantly accelerates AeroVironment’s artificial intelligence and autonomy initiatives with best-in-class computer vision and machine perception capabilities
  • Increases AeroVironment’s customer-funded research and development revenue
  • Broadens the scope of AeroVironment’s advanced robotic systems engineering services for defense and commercial customers

AeroVironment, Inc. accelerates artificial intelligence and autonomy initiatives with acquisition of Progeny Systems Corporation’s Intelligent Systems Group.

SIMI VALLEY, Calif., Feb. 24, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. The acquisition will significantly accelerate AeroVironment’s development of advanced autonomy capabilities for the company’s growing portfolio of intelligent, multi-domain robotic systems, increase customer-funded research and development revenue and broaden its advanced engineering services offering to defense and commercial customers. Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.

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The Nano Hummingbird proved to be a first-of-its-kind innovation. The micro air vehicle was the first flapping-wing, nano unmanned air vehicle (UAV) with tai-axis control, which enabled it to hover and fly sideways, backward and forward, as well as rotate clockwise and counter clockwise and counterclockwise - all by remote control. 

Designed and developed by AeroVironment's MacCready Works Advanced Solutions team, the Nano Hummingbird was a unique project that satisfied a specific customer requirement.

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Source: AeroVironment Inc.
  • Arcturus UAV’s complementary capabilities provide program diversification, increase key customer penetration and enhance shareholder value
  • Transaction adds leading medium Unmanned Aircraft Systems to AeroVironment’s portfolio of intelligent, multi-domain robotic systems
  • Vertical takeoff and landing (VTOL) JUMP 20 unmanned aircraft system delivers reliable, multi-mission capabilities without launchers or runways to USSOCOM and other customers

SIMI VALLEY, Calif., Feb. 22, 2021 – AeroVironment, Inc.(NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced it had completed its acquisition of Arcturus UAV, Inc. a leading designer and manufacturer of high-performance unmanned aircraft systems (UAS).The approximately $405 million transaction was previously announced in a press release on January 13, 2021.

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Solar technology isn't a recent discovery. Its history dates back to the seventh century B.C. when a magnifying glass was used to concentrate the sun's rays to make fire. 

Fast forward to 1839, French physicist Edmond Becquerel discovered the photovoltaic effect (generating voltage and electric current upon exposure to light) while experimenting with a cell made of metal electrodes in a conducting solution. He saw that the cell produced more electricity when it was exposed to light. Many physicists and scientists contributed to the awareness, introduction and proliferation of solar energy technology, including AeroVironment founder Dr. Paul MacCready, Jr.

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Source: AeroVironment Inc.
  • 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.

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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.

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