Press Releases

• Leaders in their respective fields collaborate to deliver next-generation capabilities to warfighters through fully integrated system solutions
• Enhanced integration increases automation, decreases workload, and requires fewer operators to deploy and operate unmanned aircraft and loitering missile systems
• Collaborative projects address the upcoming U.S. Army Next Generation Combat Vehicle and U.S. Marines Armored Reconnaissance Vehicle programs

WASHINGTON, at AUSA, Oct. 8, 2018 – AeroVironment, Inc. (NASDAQ: AVAV), a leader in unmanned aircraft systems (UAS) and tactical missile systems (TMS), today announced a new strategic relationship with General Dynamics Land Systems (GD), the leader in ground combat vehicles, to produce highly integrated and effective tactical UAS and TMS for armored ground combat vehicles

• U.S. Government fiscal 2018 operations and maintenance funds of $2.8 million obligated Sept. 30; work to be completed by 2023
• Raven small unmanned aircraft systems to be deployed in U.S. Southern Command Area of Responsibility:Central America, South America and the Caribbean nations

MONROVIA, Calif., Oct. 4, 2018 - AeroVironment, Inc. (NASDAQ: AVAV) today announced the United States Air Force awarded the company a $13 million indefinite delivery/indefinite quantity (ID/IQ) contract on Sept. 30, 2018 for RQ-11B Raven® small unmanned aircraft systems (UAS) to support Latin American and Caribbean nations.United States Government fiscal 2018 operations and maintenance funds of $2,800,000 were committed at the time of the award.The work is expected to be completed by Sept. 28, 2023.

• Raven system, with Mantis i23 sensor suite and pocket Remote Video Terminal (p/RVT), greatly enhances missions by adding stand-off/intercept, real-time surveillance and connectivity
• With proven track record in combat use around the globe, Raven systems operate successfully and reliably from a variety of austere operational environments
• Portuguese Army joins a growing number of allies adopting and fielding AeroVironment’s family of unmanned aircraft systems

Simi Valley, Calif. Sept. 13, 2018 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, announced today the receipt of a fixed-price contract award valued at $5,962,494 from NSPA on August 20, 2018.The contract award encompasses the procurement of Raven® unmanned aircraft systems equipped with Mantis i23 sensors and pocket Remote Video Terminals (p/RVT) for the Portuguese Army, with delivery scheduled over a three-year period.

• Automated, integrated and easy to use, the highly automated Quantix drone allows West Point cadets to focus on data analytics
• Builds on AeroVironment’s ongoing collaboration with universities nationwide to support student development and product enhancement

SIMI VALLEY, Calif., July 27, 2018 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both defense and commercial applications, today announced its MacCready Works lab has donated automated Quantix™ hybrid drones, spare parts and AeroVironment’s Decision Support System (AV DSS™) analytics software to West Point to support the military academy’s Center for Innovation and Engineering and Geography and Environmental Engineering Department.

• Army secures continued support for its fleet of Puma Long Range Reconnaissance Surveillance (LRRS) and Raven Medium Range Mobile (MRM) UAS
  
• Raven and Puma continue to support US Army soldiers with critical situational awareness anywhere, anytime
• Sustainment of Raven and Puma fleets ensures operational readiness

MONROVIA, Calif., July 9, 2018 – AeroVironment, Inc. (NASDAQ: AVAV) announced that on April 10, 2018 the United States Army selected the Company and six other suppliers for small Unmanned Aircraft Systems (UAS) sustainment under a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract. The seven awardees will compete for LRRS and MRM UAS, Tactical Open Architecture Controller system and spare and repair parts procurement task orders over the duration of the contract.The maximum value of the contract is $248 million over five years.

• New space endeavor draws on company’s unique and diverse history of innovation and high-altitude drone flight experience
• Drone prototypes have passed rigorous tests in simulated Mars atmosphere
• Final Mars-bound helicopter now in production at JPL

MONROVIA, Calif., July 3, 2018 – What does a company do when its trailblazing and diverse innovations for nearly half a century have redefined how the world drives and flies? When its many technological “firsts” include the first practical electric car, flying the Nano Hummingbird drone, record-setting, solar-powered aircraft flights in near space, and reshaping the battlefield with portable, hand-held, tactical drones and loitering munitions?

It takes on another world.

MONROVIA, Calif., July 3, 2018 – AeroVironment, Inc. (NASDAQ: AVAV), a leader in unmanned aircraft systems and tactical missile systems, today announced that on June 29, 2018 it completed the previously announced divestiture of its Efficient Energy Systems (EES) business to Webasto Group. The purchaser paid the Company $32 million in cash at closing, which excludes a holdback amount of $6.5 million, and remains subject to certain post-closing adjustments, and the purchaser assumed certain liabilities. The holdback amount will be payable to the company upon the receipt of certain approvals and consents from certain EES business customers. The company expects proceeds from the divestiture to be accretive to U.S. GAAP earnings in the first fiscal quarter of 2019.

Automotive system supplier strengthens global electric charging footprint with additional competence

Stockdorf/Munich (Ger.) / Monrovia, Calif., June 4, 2018 – Webasto Group, one of the 100 leading suppliers to the automotive industry worldwide, and AeroVironment (NASDAQ: AVAV), a leader in unmanned aircraft systems (UAS) for both defense and commercial applications and tactical missile systems (TMS), announced Webasto’s agreement to acquire AeroVironment’s Efficient Energy Systems (EES) business segment for $35 million, subject to customary post-closing adjustments and indemnification agreements. Webasto will retain all existing EES employees, while strengthening its longterm E-mobility strategy.

• $78 million has been funded since August 2017
• Awards for hardware and contractor logistics support approved through Urgent Need Statements, reflecting high priority requirements
• AeroVironment provides full system capability, including Switchblade systems, operator training, support and logistics

TAMPA, Fla., At SOFIC, May 22, 2018 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both military and commercial applications, today announced the receipt of contract awards in April 2018 from the United States Army for procurement of the company’s Switchblade® Lethal Miniature Aerial Missile System (LMAMS) and Contractor Logistics Support (CLS) that bring the total value of Switchblade awards to $111,054,202 since August 2017. The contract awards were funded through Urgent Need Statements and include the first Switchblade order from the United States Marine Corps.The U.S. Army Contracting Command, Redstone Arsenal will manage the contracts, for which $78,095,737 has been funded.