Press Releases
Jikun Kim Leaving Company to Pursue Other OpportunitiesMONROVIA, Calif., February 5, 2015 -- AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced the appointment of Teresa Covington as interim chief financial officer, effective immediately, until a permanent replacement has been selected and appointed. Covington succeeds Jikun Kim, who has resigned as senior vice president and chief financial officer. -> View More
AeroVironment Receives $4.3 Million Award and $7.1 Million Option for Switchblade Tactical Missile System Support Services
December 04, 2014
• Switchblade systems continue to protect American forces
MONROVIA, Calif., Dec. 4, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) today announced the receipt of a $4.3 million cost plus fixed fee award and $7.1 million option on September 25, 2014 for Switchblade® tactical missile system support services from the United States Army Close Combat Weapons Systems office. The award increased the funded value of an existing contract for Switchblade tactical missile systems to $63.8 million. In addition, options totaling $38.3M increased the total contract ceiling to $102.1 million. -> View More
AeroVironment, Inc. Schedules Second Quarter Fiscal 2015 Earnings Release and Conference Call
November 11, 2014
DARPA Awards AeroVironment Phase II Tern Contract to Develop New Class of Maritime Unmanned Aircraft
October 08, 2014
• AeroVironment-led team of industry experts incorporating advanced technologies to develop new UAS for agile maritime operations
• Contract valued at $19 million
MONROVIA, Calif. Oct. 8, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) announced the Defense Advanced Research Projects Agency (DARPA) has selected the company and its team of industry leaders to follow its successful phase I concept design effort with a phase II preliminary design for the Tactically Exploited Reconnaissance Node, or Tern. The 12-month, $19,035,007 phase II effort seeks to conclude with subscale flight demonstrations prior to a planned phase III award decision. -> View More
U.S. Army Awards AeroVironment $27.2 Million for RQ-11B Raven and RQ-20A Puma Spare Parts
September 30, 2014
• Recapitalization of Raven and Puma fleets ensures combat readiness
MONROVIA, Calif., Sept. 30, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it received three firm fixed-price orders from the United States Army totaling $27,178,075 for RQ-11B Raven® and RQ-20A Puma AE™ unmanned aircraft systems (UAS) spare parts. The company received two orders on August 29, 2014 and one on September 18, 2014. Delivery is anticipated within 12 months. -> View More
AeroVironment Receives $22 Million RQ-12 Wasp AE Small Unmanned Aircraft Systems Order for United States Marine Corps
September 24, 2014
• Largest single procurement of ground and water-capable Wasp AE
QUANTICO, At Modern Day Marine, September 24, 2014 – AeroVironment, Inc. (NASDAQ: AVAV) today announced it has received a firm fixed-price order valued at $21,779,408 for RQ-12 Wasp® AE small unmanned aircraft systems (UAS) and initial spares packages for the United States Marine Corps. -> View More
AeroVironment’s New AV-900 EX: Packed with Enhancements and Features for Better Performance, Speed and Accuracy at Higher Power Levels
September 16, 2014
• Scalable to one megawatt
• Performs more varied and accurate testing with less equipment
NOVI, Mich., At The Battery Show, Sept. 16, 2014 – AeroVironment, Inc. (NASDAQ:AVAV) today unveiled its next-generation, digital AV-900 EX at The Battery Show in Novi, Mich. The AV-900 EX features valuable enhancements to the company’s AV-900, the longtime battery testing workhorse for global auto manufacturers and test labs. -> View More
AeroVironment, Inc. Schedules First Quarter Fiscal 2015 Earnings Release and Conference Call
August 20, 2014
AeroVironment, Inc. Schedules Fourth Quarter and Full Fiscal 2014 Earnings Release and Conference Call
June 24, 2014
• FAA grants first-ever over-land restricted type certificate to AeroVironment Puma AE UAS for use in day-to-day operations at the BP-operated Prudhoe Bay oil field on Alaska’s North Slope • BP embraces UAS-based information service to improve productivity, safety and efficiency; selects AeroVironment for 3D mapping, other services at North Slope operations over multi-year period
• Imaging and GIS services deliver engineering-quality information safely, reliably and effectively while helping to protect sensitive North Slope environment
PRUDHOE BAY, Alaska, June 10, 2014 – AeroVironment (NASDAQ: AVAV) today announced that BP Exploration (Alaska) Inc., selected the company to provide mapping, Geographic Information System (GIS) and other commercial information services at its Prudhoe Bay oil field, the largest oil field in North America, for a five-year period. -> View More