Press Releases

• Transaction combines leaders in unmanned aircraft systems (UAS) and unmanned ground vehicles (UGV) for broader, integrated mission solutions in air, near-space, ground and maritime domains
• Acquisition expected to be accretive within two years to AeroVironment GAAP EPS, and accretive to non-GAAP EPS in fiscal year 2022
• AeroVironment competing for multi-year United States Air Force Explosive Ordinance Disposal (EOD) robotic system program

SIMI VALLEY, Calif., May 4, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it was granted clearance from the German government and completed the previously announced acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), in a $45.4 million (€37.5 million) cash transaction and the pay-off of approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob now operates as a wholly-owned subsidiary of AeroVironment.

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• Switchblade 600 features high-precision optics, more than 40 minutes of loitering endurance and an anti-armor warhead for engaging and prosecuting hardened static and moving light armored vehicles
• Integration of Switchblade 600 into maritime platforms enables precision engagements against naval and littoral threats and greater deployment flexibility

SIMI VALLEY, Calif., April 27, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it was awarded a cost-plus-fixed-fee contract on March 31, 2021 by the United States Special Operations Command (USSOCOM) for $26,120,810 with $7,159,036 funded upon receipt. The contract includes delivery and integration of Switchblade® 600 tactical missile systems into specialized maritime platforms, scheduled to be completed by January 2023.

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• Award for contractor logistics support approved through Joint Urgent Operational Needs Statement, reflecting high priority requirement and strong user demand from the frontline
• Funded value for contractor logistics support is $13,010,560 with a total potential contract value of $40,852,467

SIMI VALLEY, Calif., April 22, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $13,010,560 cost-plus-fixed-fee contract order on March 24, 2021 from the U.S. Army for Switchblade® 300 tactical missile systems contractor logistics support. The contract has a total potential value of $40,852,467, for which funding was authorized via a DoD-approved Joint Urgent Operational Need Statement. Logistics support services are scheduled to be delivered through March 2024.

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SIMI VALLEY, Calif., April 20, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), celebrated with its colleagues at NASA/JPL when data confirming the Ingenuity Helicopter’s successful first flight on Mars arrived at approximately 3:50 a.m. PT on April 19.

“AeroVironment is proud to have played a key role in developing the Mars Ingenuity Helicopter and achieving today’s historic first powered flight on another planet,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We congratulate JPL and NASA on today’s achievement and salute their leadership and vision for deploying unmanned technology to further our understanding of other worlds.”

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• Combat proven Switchblade 300 with patented “wave-off” feature and recommit ability provides operators with increased lethality, reach and precision strike capabilities with low collateral effects
• Contract option includes first approved export to an allied nation, extending Switchblade’s unique capabilities to friendly forces and promoting interoperability for joint operations

SIMI VALLEY, Calif., April 20, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade® 300 tactical missile systems for the Army and for export to an allied nation. The $44,961,751 contract option increases the total value of the contract to $122,523,677. Delivery will take place over a two-year period.

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• Portable, rugged Puma 3 All Environment (AE) unmanned aircraft system provides immediate tactical reconnaissance capabilities for land and maritime operations
• Four orders received encompass procurement of Puma 3 AE tactical unmanned aircraft systems and initial spares packages

SIMI VALLEY, Calif., April 6, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of four firm-fixed-price orders totaling $11,527,074 from the NATO Support and Procurement Agency (NSPA) for Puma™ 3 AE tactical UAS and initial spares packages.  

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• Second of three contract options exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year Small Unmanned Aircraft Systems contract
• Total projected value of contract action is $55 million; $42 million now funded and awarded
• U.S. Army possesses largest fleet of Raven tactical unmanned aircraft systems in the world

SIMI VALLEY, Calif., March 25, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS), today announced the United States Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on February 25, 2021. The value of the contract option is $20,979,905 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven^® tactical UAS. The period of Performance ends June 30, 2022.

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• Certification represents third-party validation of company’s commitment to conducting business in an ethical, environmentally sensitive and proactive manner
• Complements the AS9100 Revision D (2016), Quality Management System the company has held since 2018
• AeroVironment’s battery-powered small unmanned aircraft and tactical missile systems emit no greenhouse gasses during operation

SIMI VALLEY, Calif., March 24, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the company has earned International Organization for Standardization (ISO) 14001 certification for its Environmental Management System.

The international ISO 14001:2015 Environmental Management standard provides an environmental management system framework for companies to help identify, monitor and control their environmental impact, such as resource consumption and waste production.  

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• 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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• 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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