Press Releases

• AeroVironment’s combat proven Switchblade with patented wave-off feature provides operators with increased lethality, reach and precision strike capabilities with low collateral effects
• First year of funding approved through Joint Urgent Operational Need Statement, reflecting high-priority requirement and strong user demand from the frontline
• AeroVironment provides full system solution, including Switchblade systems, operator training, support and logistics

SIMI VALLEY, Calif., at vSOFIC, May 14, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), announced the receipt of a one-year, $75,930,901 funded contract award on April 30, 2020 from the United States Army for procurement of the company’s Switchblade® loitering missile system. The contract award was funded for the first year of procurement through a Joint Urgent Operational Need Statement from the United States Army Tactical Aviation and Ground Munitions (TAGM) project office. Start of deliveries is anticipated by September 2020. Two additional one-year options, currently unfunded, would extend the period of performance through April 2023 on a sole-source basis.

• Contract includes spares to support customer’s existing fleet of tactical unmanned aircraft systems (UAS) and adoption of Puma LE (Long Endurance) 
• Puma LE provides Group 2 features in a Group 1 footprint, 5.5-hour endurance and persistent data with increased time on station in an economical two-case mission packout
• Customer is one of more than 45 allied governments employing AeroVironment’s innovative family of tactical UAS

SIMI VALLEY, Calif., at vSOFIC, May 12, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced that a U.S. ally and longtime customer awarded the company a firm-fixed-price contract valued at $2,685,057 on February 20, 2020 for AeroVironment’s recently introduced Puma™ LE. The order also included spares to support the customer’s existing fleet of AeroVironment tactical UAS. The contract award period of performance is one year.

• Quantix Recon delivers on-demand, georeferenced aerial imagery, providing quick visibility for on-site mission planning and verification
• Fully-Automated, hybrid vertical take-off and landing (VTOL) design and radio frequency silent mode enable aircraft to conduct missions undetected
• Powerful onboard processing delivers high-resolution imagery immediately on the included operating tablet upon landing – no other devices, internet or software required

SIMI VALLEY, Calif., April 23, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the availability of Quantix™ Recon, a lightweight, rapidly deployable, fully-automated reconnaissance solution that delivers high resolution, georeferenced terrain, vegetation and infrastructure imagery, providing ground forces with on-demand actionable intelligence.

• Raven lightweight small unmanned aircraft system is designed for rapid deployment, delivering real-time tactical situational awareness to warfighters
• United States Department of Defense Foreign Military Sales program facilitates interoperability among U.S. and allied forces
• AeroVironment’s innovative family of tactical UAS are deployed by more than 45 allied governments

SIMI VALLEY, Calif., April 14, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $2,424,595 firm-fixed-price contract on March 3, 2020 to provide Raven® small unmanned aircraft systems (UAS) and training to an allied nation. Delivery is anticipated by August 2020.

• Award builds on the U.S. Navy and Marine Corps ongoing use of Puma 3 All Environment (AE) small unmanned aircraft systems for persistent situational awareness and force protection as well as expeditionary reconnaissance, surveillance, and target acquisition (RSTA) 
• Puma 3 AE UAS deliver immediate tactical RSTA in maritime and land-based operations
• AeroVironment’s family of tactical UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory; deployed by more than 45 allied governments

SIMI VALLEY, Calif., April 7, 2020 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of a $10,677,987 firm-fixed-price contract award for Puma™ 3 AE systems and spares on Feb. 18, 2020 for the U.S. Navy and Marine Corps Small Tactical Unmanned Aircraft Systems (SUAS) Program. Delivery is anticipated by April 2020.

SIMI VALLEY, Calif. and RALEIGH, N.C., March 17, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), and Draganfly (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8), an award-winning, industry-leading manufacturer within the commercial unmanned aerial systems (“UAS”), remotely piloted aircraft systems (“RPAS”), and unmanned vehicle sectors, today announced a teaming agreement for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide. The agreement also includes the continuation of other contract engineering services provided by Draganfly to AeroVironment.

• Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical ISR in maritime and land based operations
• More than 45 allied governments have procured one or more of AeroVironment’s family of tactical unmanned aircraft systems (UAS)

SINGAPORE--(BUSINESS WIRE)--at the Singapore Air Show - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a $8,584,734 firm-fixed-price U.S. Department of Defense Foreign Military Sales contract. The contract was awarded on December 17, 2019 to provide Puma™ 3 AE unmanned aircraft systems, training and support to an allied nation. Delivery is anticipated by June 2020.

“Customers in the United States and around the world deploy AeroVironment’s rugged family of tactical unmanned aircraft systems, including Puma, to provide their forces the actionable intelligence they need to proceed with certainty in a broad range of operating environments,” said Rick Pedigo, vice president of sales and business development for AeroVironment. “We designed our combat-proven unmanned aircraft systems to be easy to use, reliable and to provide the operational flexibility frontline forces need to succeed in the most demanding conditions.”

SIMI VALLEY, Calif.--(BUSINESS WIRE)–Jan. 23, 2020– AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced the appointment of Kevin McDonnell as senior vice president and chief financial officer, effective February 10, 2020.

"We welcome Kevin McDonnell to the AeroVironment team as senior vice president and CFO,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Kevin’s extensive leadership and CFO experience across diverse industries give him unique insights and perspectives that will support AeroVironment’s continued growth and success. Generating value for shareholders remains our top priority, and we look forward to working closely with Kevin to deliver on this objective.”

• Contract includes support, spares and repair services for existing fleet of Puma and Raven tactical unmanned aircraft systems
• More than 45 allied governments deploy systems from AeroVironment’s innovative family of tactical UAS

SIMI VALLEY, Calif., Nov. 14, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS), today announced a major Middle Eastern ally awarded the company a firm fixed-price contract valued at $11,999,992 on October 25, 2019 for logistics support, spares, and repair services in support of its existing fleet of AeroVironment’s Puma™ AE and Raven® B tactical UAS. The contract award period of performance is two years.

• Potential contract options total as much as $55 million; initial base delivery order is $862,488
• Hand-launched AeroVironment Raven is the most widely used military unmanned aircraft system in the world

SIMI VALLEY, Calif., Nov. 13, 2019 – AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, announced the U.S. Army awarded the company a firm-fixed-price contract on June 6, 2019 to begin radio frequency modifications on its currently deployed Raven® UAS. The initial base delivery order is $862,488, with potential contract options valued up to $55 million.