Press Releases

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Source: AeroVironment Inc. MONROVIA, Calif., Jan. 3, 2008 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the United States Air Force BATMAV (Battlefield Air Targeting Micro Air Vehicle) program has received Milestone C approval and authorization for Full Rate Production. The BATMAV program achieved these two significant milestones under the rigors of the United States Department of Defense 5000 Acquisition process in just over 11 months from contract award. The Air Force selected AV's Wasp III as the micro air vehicle (MAV) for its BATMAV Program in December 2006.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Nov. 20, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Marine Corps has ordered $19.3 million in BATMAV (Battlefield Air Targeting Micro Air Vehicle) systems, each consisting of two Wasp III micro air vehicles, AV's Advanced Battery Charger, spares and support services. The order followed a successful Marine Corps evaluation of Wasp systems provided by the Defense Advanced Research Projects Agency, or DARPA.   -> View More

Source: AeroVironment Inc. AFRL engineers, in conjunction with Small Business Innovation Research partners AeroVironment (AV), Protonex Technology (PTX) Corporation, and Millennium Cell (MCEL), successfully flight-demonstrated Puma, AV's hand-launched small unmanned air vehicle (SUAV) that gets its power from a hybrid fuel cell/battery energy storage system. Puma flew for 7+ continuous hours on power supplied by PTX Corporation's PTX.L fuel cell system. The hybridized proton exchange membrane fuel cell employs a lithium ion battery to provide peak power during takeoff and dash maneuvers; the fuel cell recharges the battery and provides continuous steady-state power for the plane and payload during cruise flight. MCEL provided a fuel cartridge of sodium borohydride (chemical hydride), which provided the fuel necessary for the fuel cell system's 7-hour, 3-minute flight.   -> View More

Source: AeroVironment Inc. RENO, Nev.--(BUSINESS WIRE)--October 09, 2007--AeroVironment, Inc. (Nasdaq: AVAV), Altair Nanotechnologies Inc. 'Altairnano' (Nasdaq: ALTI), Micro-Vett, SPA and Go Green Holding AS, today jointly announced the successful public demonstrations of the All-Electric Fiat Doblo to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblo, a regular size 5-seat station wagon vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroment's high voltage, 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Sept. 26, 2007 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received a contract from the United States Special Operations Command (USSOCOM) for the development and military utility assessment of its Global Observer unmanned aircraft system (UAS). This contract initiates a Joint Capabilities Technology Demonstration, or JCTD. The JCTD is sponsored by multiple U.S. government organizations. The contract calls for the development of up to three Global Observer aircraft over the next three years to demonstrate the ability to operate in the stratosphere for up to 7 days without landing. The basic contract, which will be funded under a cost-plus fixed-fee arrangement, provides for the development and delivery of the initial Global Observer aircraft, and is valued at approximately $57 million. The contract also includes options for the development and delivery of up to two additional Global Observer aircraft, resulting in a potential contract value of $108 million.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Sept. 18, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has been granted a patent by the United States Patent and Trademark Office (USPTO) for a battery charging innovation that enables simultaneous or parallel charging of multiple batteries. The USPTO awarded AV patent No. 7,256,516 titled, "Battery charging system and method," on August 14.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., September 13, 2007 - AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, announces the first technology demonstration of its building-integrated Architectural Wind system and new AVX400 wind turbine. The wind-turbine system is installed on the Adventure Aquarium in Camden, New Jersey. The project's stakeholders are the Delaware River Port Authority (DRPA), a bi-state agency of Pennsylvania and New Jersey; the Camden County Board of Freeholders; the State of New Jersey, which owns the building, and Steiner & Associates, the aquarium's operators.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Sept. 11, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has received an order to supply the Danish Army Operational Command with RQ 11 B, Raven B small Unmanned Aircraft Systems (UAS). The order includes 12 systems, logistics support and training services, for a total value of $2.4 million. Each Raven B system typically consists of three aircraft, a hand-held ground control station, a remote viewing terminal, systems spares, and related services.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., August 29, 2007 - Dr. Paul MacCready, internationally renowned innovator and entrepreneur, founder and former chairman of the board of directors of AeroVironment, Inc., passed away in his sleep on Tuesday, August 28. Dr. MacCready had recently been diagnosed with a serious ailment. His passing occurred less than one week after the 30th anniversary of one of his most notable accomplishments, the record-setting flight of his human powered airplane, the Gossamer Condor.   -> View More

Source: AeroVironment Inc. MONROVIA, Calif., Aug. 20, 2007 -- The Board of Directors of AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that it has unanimously elected Tim Conver as its new chairman of the board. After joining AV's Board of Directors in the late 1980's Conver became its president in 1991 and assumed the additional role of chief executive officer shortly thereafter. Conver now assumes the role previously held by Dr. Paul MacCready, who has retired as chairman and director as a result of a recently diagnosed, serious health issue. Mr. Conver's appointment is effective immediately.   -> View More

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