News & Articles

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Demand Grows for More Remote-Controlled Drones on the Front Line

May 23, 2008

WASHINGTON (CNN) - The demands of wars in Iraq and Afghanistan are behind a new push by the Pentagon to increase the ranks of one of its most tireless fighting machines: remote-controlled attack aircraft called Unmanned Aerial Vehicles, or UAVs.

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Some Defense Companies Could Benefit from Obama Presidency

May 14, 2008

Goldman Sachs said Tuesday they expect a Barack Obama presidency would cut into earnings for many military contractors by reducing funding for large weapon platforms in favor of increasing soldier recruitment.

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Source: AeroVironment Inc.

AeroVironment Appoints Vice President and General Manager for their Energy Technology Center

March 12, 2008
MONROVIA, Calif.--AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that Michael Bissonette, formerly assistant general manager of AV's Energy Technology Center (ETC), has been appointed vice president and general manager of the ETC. Bissonette assumes the role previously occupied by Joseph Edwards, who has stepped down in preparation for his retirement.   -> View More

Source: AeroVironment Inc.

AeroVironment Puma Small UAS Achieves Record Flight of Over Nine Hours Using Fuel Cell Battery Hybrid System

March 06, 2008
MONROVIA, Calif., March 6, 2008 -- AeroVironment (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems (UAS) and efficient electric energy systems, today announced that it has flown its Puma small unmanned aircraft for over nine hours, powered by an onboard fuel cell battery hybrid energy storage system. This broke the previous announced Puma flight record of over seven hours. A two-camera payload system provided a live, streaming video feed from the Puma, the largest of AV's portfolio of small unmanned aircraft systems that also includes Raven and Wasp. The nine-hour flight duration more than triples the duration of Puma's standard battery-only operation.   -> View More

Source: AeroVironment Inc.

AeroVironment Awarded $45.8 Million Contract Option for Raven Small Unmanned Aircraft Systems and Support Services

February 07, 2008
MONROVIA, Calif., Feb. 7, 2008 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Army has ordered additional RQ-11B (Raven) small unmanned aircraft systems (UAS) and associated services by the exercise of an option under an existing contract. Each Raven system typically consists of three aircraft, a ground control station, system spares, and related services. The total award value is $45.8 million and is fully funded.   -> View More

Source: AeroVironment Inc.

USAF Approves BATMAV System with AeroVironment’s Wasp III Micro Air Vehicle for Full Rate Production

January 03, 2008
MONROVIA, Calif., Jan. 3, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the United States Air Force BATMAV (Battlefield Air Targeting Micro Air Vehicle) program has received Milestone C approval and authorization for Full Rate Production. The BATMAV program achieved these two significant milestones under the rigors of the United States Department of Defense 5000 Acquisition process in just over 11 months from contract award. The Air Force selected AV's Wasp III as the micro air vehicle (MAV) for its BATMAV Program in December 2006.   -> View More

Source: AeroVironment Inc.

United States Marine Corps Awards AeroVironment $19.3 Million BATMAV Contract for Wasp III Micro Unmanned Aircraft Systems (UAS)

November 20, 2007
MONROVIA, Calif., Nov. 20, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Marine Corps has ordered $19.3 million in BATMAV (Battlefield Air Targeting Micro Air Vehicle) systems, each consisting of two Wasp III micro air vehicles, AV's Advanced Battery Charger, spares and support services. The order followed a successful Marine Corps evaluation of Wasp systems provided by the Defense Advanced Research Projects Agency, or DARPA.   -> View More

Source: AeroVironment Inc.

Small Unmanned Air Vehicle Achieves Record Flight Time Using Hybrid Fuel Cell/Battery Energy Storage System

October 31, 2007
AFRL engineers, in conjunction with Small Business Innovation Research partners AeroVironment (AV), Protonex Technology (PTX) Corporation, and Millennium Cell (MCEL), successfully flight-demonstrated Puma, AV's hand-launched small unmanned air vehicle (SUAV) that gets its power from a hybrid fuel cell/battery energy storage system. Puma flew for 7+ continuous hours on power supplied by PTX Corporation's PTX.L fuel cell system. The hybridized proton exchange membrane fuel cell employs a lithium ion battery to provide peak power during takeoff and dash maneuvers; the fuel cell recharges the battery and provides continuous steady-state power for the plane and payload during cruise flight. MCEL provided a fuel cartridge of sodium borohydride (chemical hydride), which provided the fuel necessary for the fuel cell system's 7-hour, 3-minute flight.   -> View More

Source: AeroVironment Inc.

AeroVironment, Altair Nanotechnologies, Go Green Holding and Micro-Vett Announce a Successful, Multiple Fast Charge Demonstration of an All Electric Delivery Vehicle in Oslo, Norway

October 09, 2007
RENO, Nev.--(BUSINESS WIRE)--October 09, 2007--AeroVironment, Inc. (Nasdaq: AVAV), Altair Nanotechnologies Inc. 'Altairnano' (Nasdaq: ALTI), Micro-Vett, SPA and Go Green Holding AS, today jointly announced the successful public demonstrations of the All-Electric Fiat Doblo to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblo, a regular size 5-seat station wagon vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroment's high voltage, 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers.   -> View More

Source: AeroVironment Inc.

AeroVironment Awarded Contract for Development of Global Observer Stratospheric Unmanned Aircraft System

September 26, 2007
MONROVIA, Calif., Sept. 26, 2007 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received a contract from the United States Special Operations Command (USSOCOM) for the development and military utility assessment of its Global Observer unmanned aircraft system (UAS). This contract initiates a Joint Capabilities Technology Demonstration, or JCTD. The JCTD is sponsored by multiple U.S. government organizations. The contract calls for the development of up to three Global Observer aircraft over the next three years to demonstrate the ability to operate in the stratosphere for up to 7 days without landing. The basic contract, which will be funded under a cost-plus fixed-fee arrangement, provides for the development and delivery of the initial Global Observer aircraft, and is valued at approximately $57 million. The contract also includes options for the development and delivery of up to two additional Global Observer aircraft, resulting in a potential contract value of $108 million.   -> View More

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