Press Releases

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Source: AeroVironment Inc.
  • Contract option for Army Small Unmanned Aircraft Systems (SUAS) Flight Control Systems (FCS) domain includes avionics and data link upgrades to modify radio frequency
  • Raven tactical unmanned aircraft system is designed for rapid deployment, delivering real-time tactical situational awareness to warfighters

SIMI VALLEY, Calif., July 8, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS), today announced the United States Army exercised the first of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on April 28, 2020. The value of the initial contract option is $21,058,643 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven® tactical UAS, the largest fleet of Raven systems in the world. Delivery will take place over a two-year period.

The Army exercised the option under the FCS domain awarded to AeroVironment by the Army in June 2019. FCS is one of six domains comprising the Army’s existing five-year Indefinite Delivery, Indefinite Quantity (IDIQ) SUAS contract, and has a potential value of up to $55 million.

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Source: AeroVironment Inc.
  • Three-year base contract includes option for an additional two years of logistical support, spares and repair services for existing fleet of Raven, Wasp and Puma tactical unmanned aircraft systems
  • AeroVironment’s family of tactical UAS allows customers to use the same ground control station and software for multiple UAS for added simplicity and efficiency
  • AeroVironment UAS enabling interoperability across several NATO forces

SIMI VALLEY, Calif., June 10, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of two firm-fixed-price orders totaling $9,804,448 from the NATO Support and Procurement Agency (NSPA). The orders, received on March 5, 2020 and April 16, 2020, encompass the procurement of Raven® and Puma™3 AE tactical UAS and spares. Delivery for the first order is anticipated by August 2020 and the second order by October 2020.

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Source: AeroVironment Inc.

SIMI VALLEY, Calif.– AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced that Wahid Nawabi, president and chief executive officer, Kevin McDonnell, senior vice president and chief financial officer, and Steven Gitlin, chief marketing officer and vice president of investor relations, will participate in a virtual fireside chat at the William Blair Growth Stock Conference on Tuesday, June 9, 2020 at 7:20 a.m. PT / 10:20 a.m. ET.

A live audio webcast of the fireside chat will be available in the Events and Presentations section of the AeroVironment website at https://investor.avinc.com/events-and-presentations. A replay of the webcast will be available for 90 days.

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Source: AeroVironment Inc.

SIMI VALLEY, Calif.– AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the promotion of Ken Karklin, Senior Vice President, to the role of chief operating officer, effective immediately.  “Ken has demonstrated his ability to lead key functions within our organization and, on behalf of our Board of Directors and executive team, we congratulate him on his new role as chief Operating Officer,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We look forward to his ongoing contributions to supporting our customers’ success, maintaining our market leadership and driving growth across our business. With the support of Ken and our talented team, we continue to execute our strategy effectively, with a focus on producing long-term value for our stockholders.”

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Source: AeroVironment Inc.
  • 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.

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Source: AeroVironment Inc.
  • 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.

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Source: AeroVironment Inc.
  • 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.

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Source: AeroVironment Inc.
  • 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.

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Source: AeroVironment Inc.
  • 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.

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Source: AeroVironment Inc.

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.

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