Press Releases

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Source: AeroVironment Inc. Key Milestone Achieved in Development and Testing of First Unmanned Aircraft System to Offer Seamless Persistence Without Latitude Restrictions

MONROVIA, Calif., Aug. 11, 2010 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that a full size wing developed as part of the Global Observer® Joint Capability Technology Demonstration (JCTD) program has successfully completed a series of Wing Load Tests (WLT) in support of the Global Observer flight test program. View More

Source: AeroVironment Inc. MONROVIA, Calif., June 25, 2010 --- AeroVironment, Inc. (AV) (NASDAQ: AVAV) noted in its Annual Report on Form 10-K filed on June 25, 2010 that it is currently cooperating with an investigation by the Civil Fraud Section of the United States Department of Justice with respect to certain of its billing practices. View More

Source: AeroVironment Inc. Customer-Funded Development Program Proceeding Toward Flight Test Phase of First Unmanned Aircraft System Offering True "Unblinking Eye"

MONROVIA, Calif., May 25, 2010 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that the first aircraft developed under the Global Observer® Joint Capability Technology Demonstration (JCTD) program has successfully completed key ground tests in preparation for flight testing. The joint Department of Defense, NASA and AV team successfully performed ground vibration, structural and taxi tests at Edwards Air Force Base (EAFB) in California. AV developed and fabricated Aircraft 1 in its dedicated manufacturing facility located in Southern California and shipped it to EAFB in December 2009. View More

Source: AeroVironment Inc. AeroVironment Receives $11.2 Million Order for Raven Unmanned Aircraft Systems and Services

MONROVIA, Calif., May 12, 2010 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced it received an order valued at $11,198,967 under an existing contract with the U.S. Army. The order comprises 63 new digital Raven® small unmanned aircraft systems (UAS), services supporting the Army's evaluation of the small UAS Family of Systems concept and additional engineering services. View More

Source: AeroVironment Inc. AeroVironment Hires Roy Minson as Vice President of Business Development and Deputy General Manager for Unmanned Aircraft Systems

MONROVIA, Calif., April 21, 2010 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that Roy Minson, formerly an executive with SAIC and The Boeing Company, has joined AeroVironment as vice president of business development and deputy general manager of its unmanned aircraft systems (UAS) segment. View More

Source: AeroVironment Inc. • AeroVironment Receives $37.9 Million in Orders for Digital Raven Unmanned Aircraft Systems, Digital Retrofit Kits, Support Services
• Orders Represent Initial Portion of Raven Funding from United States Department of Defense Fiscal 2010 Budget

MONROVIA, Calif., Feb. 23, 2010 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) announced that it received firm fixed-price orders valued at $20,731,992 for digital Raven; unmanned aircraft systems (UAS) and digital retrofit kits, and $17,141,648 for Raven system spare parts, repairs and training services for the U.S. Army and Marine Corps. The Raven system and retrofit order represents a portion of the $121 million appropriated for RQ-11 Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009. The balance of government fiscal 2010 procurement funding that is anticipated to be converted into orders is proceeding through the procurement process. Typically the organizations responsible for administering this program retain a portion of approved funding to pay for program expenses and government furnished equipment.
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Source: AeroVironment Inc. AeroVironment Receives $23.9 Million Order for Army and Marine Corps Digital Raven Systems and Digital Upgrade Kits

MONROVIA, Calif., Dec. 21, 2009 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that it received a $23,926,917 firm fixed-price order under an existing contract. This contract modification comprises digital Raven systems and kits to upgrade existing analog Raven® systems currently being used by the U.S. Army and U.S. Marine Corps with AV's digital data link. View More

Source: AeroVironment Inc. AeroVironment's Raven Small Unmanned Aircraft System Receives Military Aircraft Type-Classification Certificate from the Netherlands Military Aviation Authority Certification Permits Operation of Raven in Dutch National Airspace by the Military

MONROVIA, Calif., Nov. 3, 2009 - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that the Military Aviation Authority of the Netherlands (MLA-NLD) has issued a Military Type Certificate (MTC) for the Raven® B NLD MUAS, the first such certificate issued in the Netherlands in the Micro-Unmanned Aerial Vehicle category. This certificate permits Dutch military personnel to operate Raven systems in designated Dutch airspace. View More

Source: AeroVironment Inc. AV Achieves Technical Milestone: Controlled Hovering Flight of NAV UAS with Two Flapping Wings

MONROVIA, Calif., July 1, 2009 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV) was awarded a Phase II contract extension in April from the Defense Advanced Research Projects Agency (DARPA) to design and build a flying prototype for the Nano Air Vehicle (NAV) program. As part of this program AV has accomplished a technical milestone never before achieved: the controlled hovering flight of an air vehicle system with two flapping wings that carries its own energy source and uses only the flapping wings for propulsion and control. View More

Source: AeroVironment Inc. Option Exercise for Aircraft and Additional Items Builds on Successful Program Milestones, Resulting in Total Program Funding of More Than $120 Million View More

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