Press Releases

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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • 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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Source: AeroVironment Inc.
  • Transaction significantly accelerates AeroVironment’s artificial intelligence and autonomy initiatives with best-in-class computer vision and machine perception capabilities
  • Increases AeroVironment’s customer-funded research and development revenue
  • Broadens the scope of AeroVironment’s advanced robotic systems engineering services for defense and commercial customers

AeroVironment, Inc. accelerates artificial intelligence and autonomy initiatives with acquisition of Progeny Systems Corporation’s Intelligent Systems Group.

SIMI VALLEY, Calif., Feb. 24, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. The acquisition will significantly accelerate AeroVironment’s development of advanced autonomy capabilities for the company’s growing portfolio of intelligent, multi-domain robotic systems, increase customer-funded research and development revenue and broaden its advanced engineering services offering to defense and commercial customers. Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.

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Source: AeroVironment Inc.
  • Arcturus UAV’s complementary capabilities provide program diversification, increase key customer penetration and enhance shareholder value
  • Transaction adds leading medium Unmanned Aircraft Systems to AeroVironment’s portfolio of intelligent, multi-domain robotic systems
  • Vertical takeoff and landing (VTOL) JUMP 20 unmanned aircraft system delivers reliable, multi-mission capabilities without launchers or runways to USSOCOM and other customers

SIMI VALLEY, Calif., Feb. 22, 2021 – AeroVironment, Inc.(NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced it had completed its acquisition of Arcturus UAV, Inc. a leading designer and manufacturer of high-performance unmanned aircraft systems (UAS).The approximately $405 million transaction was previously announced in a press release on January 13, 2021.

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Source: AeroVironment Inc.
  • Total transaction value of $405 million in cash and stock
  • Arcturus UAV’s complementary capabilities provide program diversification, increase key customer penetration and enhance shareholder value
  • Arcturus UAV is well positioned for ongoing United States Special Operations Command (USSOCOM) Mid-Endurance UAS (MEUAS) task orders, United States Army Future Tactical UAS (FTUAS) program delivery orders and international contracts

  • Expected to be immediately accretive to revenue growth, adjusted EBITDA margin and non-GAAP diluted EPS, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS by fiscal year 2022
  • AeroVironment to host conference call and audio webcast at 2:00 pm Pacific Time today

SIMI VALLEY, Calif. Jan 13, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, and Arcturus UAV, Inc., a privately-held leading provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, today announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment and Arcturus UAV Boards of Directors, is expected to accelerate AeroVironment’s strategy to drive profitable growth and value by expanding into attractive adjacent segments and by broadening its capabilities and customer footprint.

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Source: AeroVironment Inc.
  • Cost-effective optional antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna
  • Provides operators 100 percent greater controllable range over standard RF head antenna with minimal logistical footprint
  • Add-on kit narrows antenna beam width, extending command and control range up to 40 km

SIMI VALLEY, Calif., Dec. 10, 2020 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the introduction of its Extended Range Antenna (ERA), the latest addition to AeroVironment’s growing line of network connectivity solutions. The ERA is a lightweight, portable antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna to support a diverse range of missions.

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