Press Releases

• Pulse’s complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment’s leading family of fixed-wing small unmanned aircraft systems (UAS)
• Acquisition expands total addressable market by increasing mission capabilities of AeroVironment family of systems
• Pulse Aerospace receives multi-year contract award with a maximum value of more than $13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services
• Acquisition expected to be accretive to AeroVironment earnings by the third full year of operations

SIMI VALLEY, Calif., June 11, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand.

SIMI VALLEY, Calif., June 3, 2019 – AeroVironment, Inc. (NASDAQ: AVAV) today announced that President and Chief Executive Officer Wahid Nawabi will present at the William Blair Growth Stock Conference in Chicago on Wednesday, June 5, 2019 at 8:00 a.m. Central Time.

SIMI VALLEY, Calif., May 16, 2019 - AeroVironment, Inc. (NASDAQ:AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the retirement of Kirk Flittie, senior vice president and general manager. Flittie will retire due to health reasons on July 13, 2019 and will provide consulting services for a period of time thereafter to support his transition.

• Strategic teaming and collaboration between market leaders in their respective fields to demonstrate low-cost, flexible intelligence, surveillance, reconnaissance and precision strike in near-peer denied combat environments
• AeroVironment tube-launched small unmanned aircraft and tactical missile systems to be integrated with Kratos high-speed, low-cost attritable drones to dramatically enhance situational awareness and system effectiveness
• High-speed, larger unmanned aircraft will enable delivery of small, highly autonomous systems across significant distances in denied environments at coordinated times and locations

WASHINGTON, at Sea Air Space, May 7, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), the leader in unmanned aircraft systems (UAS) and tactical missile systems (TMS), and Kratos Defense & Security Systems, Inc. (NASDAQ: KTOS) Unmanned Systems Division, the leader in high-speed, tactical drone targets and unmanned aircraft, today announced a new strategic relationship to develop and demonstrate highly integrated and operationally effective multi-domain unmanned system solutions for near-peer, denied environments.

• New operation to expand advanced engineering and innovation capacity in key region to support AeroVironment’s growth strategy
• Led by Tom Vaneck, former vice president of InstantEye Robotics
• Special recruiting event featuring top AeroVironment leadership scheduled for 1:30 p.m. on May 1 at Xponential

CHICAGO, at AUVSI XPONENTIAL – April 30, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the creation of its New England Innovation Center (NEIC). The new office will lead development of advanced solutions complementing AeroVironment’s market-leading small UAS and furthering the company’s growth strategy.

• Developed for high-altitude, long-endurance operation, HAWK30 is designed to deliver telecommunications network and other types of connectivity from the sky to the ground
• HAPSMobile Inc., a joint venture between AeroVironment and SoftBank Corp., recently increased the ceiling value of its Design Development Agreement with AeroVironment to $126 million
• AeroVironment participated in a joint press conference with SoftBank Corp. in Tokyo today at 11:30 am JST

TOKYO, April 25, 2019 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the achievement of a significant solar HAPS project milestone, the assembly of the first HAWK30 solar HAPS for its HAPSMobile joint venture with SoftBank Corp.HAPS stands for High-Altitude Pseudo-Satellite or High-Altitude Platform Station.

• Available in M3/4/6 operating bands, 360 Multi-Sector Antenna provides continuous 360-degree long-range command and control between naval operators and Puma AE UAS for maritime applications
• Auto-tracking function provides uninterrupted mission support by eliminating the need for the crew to redirect the vessel or reconfigure the direction of the antenna to maintain UAS link
• Automatically switches between antenna segments with greater margin, thus reducing operator workload and ensuring a strong and consistent link with Puma AE UAS

Rio De Janeiro, at LAAD 2019, Booth #O.70, Hall 4, US Pavilion, April 3, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in Unmanned Aircraft Systems (UAS) for both defense and commercial applications, today announced the availability of a new 360 Multi-Sector Antenna (MSA) for its Puma™ AE small unmanned aircraft systems (UAS). Specifically designed to support Puma AE maritime missions, the 360 MSA provides naval operators with immediate tactical situational awareness, while eliminating the need to redirect the vessel or reconfigure the direction of an antenna to maintain an effective communication link.

• Puma All Environment (AE) UAS delivers immediate tactical ISR to maritime and land based operations
• United States Department of Defense Foreign Military Sales program facilitates interoperability among U.S. and allied forces
• AeroVironment’s small UAS deployed by more than 45 allied governments

Rio De Janeiro, at LAAD 2019, Booth #O.70, Hall 4, US Pavilion, April 2, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced it received a $17,356,084 firm-fixed-price contract in March 2019 to provide Puma™ AE II small unmanned aircraft systems (UAS), training and support to an allied nation. Delivery is anticipated by September 2019.

• Next generation of Quantix™ and AV Decision Support System™ (AV DSS) delivers performance improvements that optimize the user experience – on the ground, in the field, and in the air
• New features include Variable Rate Layer for integration with a wide range of Farm Management Software including John Deere Operations Center, and Quick resolution option that decreases total data upload and processing time by 50%
• Coming Soon - Plant Count Beta Trial program will provide growers with access to on-demand data analytics that quantify stand count and plant emergence
• Starting at $5,500, three new pricing options enable individual growers, enterprise agriculture businesses and ag service providers to choose the right Quantix & AV DSS product package to drive their business forward

SIMI VALLEY, Calif., Feb. 12, 2019 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today introduced the next generation of its Quantix™ VTOL hybrid drone and the AeroVironment Decision Support System™ (AV DSS) for precision agriculture. Enhancements across the Quantix & AV DSS ecosystem deliver a combination of new features, performance improvements and product package offferings – designed to meet the needs of individual growers, precision ag service providers and large-scale farming operations.

• Woolsey fire destroyed 88% of National Park Service land within the Santa Monica Mountains National Recreation Area
• AeroVironment Quantix™ drone & Decision Support System™ data analytics platform delivered drone-based aerial imagery and actionable intelligence to guide disaster assessment and recovery efforts
• Company’s Unmanned Aircraft Systems Flight Operations and Geographical Information Systems teams supporting National Park Service rangers and scientists to develop long-term environmental recovery and park rebuilding strategy

SIMI VALLEY, Calif., Dec. 4, 2018 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced it is supporting the National Park Service Inventory and Monitoring Program to assess the environmental impact of the Woolsey wildfire in the Santa Monica Mountains National Recreation Area of Southern California. Burning over 96,949 acres, the devastating Woolsey wildfire destroyed more than 616 park structures and consumed approximately 88% of National Park Service land within the recreation area. Considered one of Los Angeles’ most cherished open spaces featuring hiking trails and historic structures, the Santa Monica Mountains National Recreation Area is also home to a wide variety of indigenous plants and animals, including multiple protected and endangered species.