Press Releases

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Source: AeroVironment Inc. • AeroVironment becomes Ford’s sole provider of turnkey charging station installation, warranty service and onsite support
• A 240-volt charger will cut charge time by more than half for Ford plug-in vehicles: C-MAX Energi, Fusion Energi and Focus Electric
• One-day installation and cash-and-carry purchase of Ford branded charging stations now available

MONROVIA, Calif., May 9, 2013 – AeroVironment, Inc. (NASDAQ: AVAV) today announced its selection by Ford Motor Company as the preferred installation partner and authorized charging station supplier for the Ford Focus Electric, C-MAX Energi and Fusion Energi plug-in electric vehicles. Ford plug-in customers can now purchase a Ford-approved 240-volt charger and schedule a turnkey professional installation with a single telephone call to AeroVironment at 1 (888) 219-6747. Soon customers will also have a web-based option for ordering their home charging package or purchasing their charging station.   -> View More

Source: AeroVironment Inc. • Experienced director with consumer, industrial and finance background
• Seasoned executive with deep management, functional and operational experience

MONROVIA, Calif., April 26, 2013– AeroVironment, Inc. (NASDAQ:AVAV) today announced that Stephen F. Page has been appointed to its board of directors, effective April 24, 2013. Page was also appointed to the board’s Audit Committee.   -> View More

Source: AeroVironment Inc. • Third order received since May 2012 for total of $46.1 million against projected $65.5 million contract action
• Procurement represents continued progress toward U.S. Army’s acquisition objective for Raven systems

MONROVIA, Calif., April 10, 2013– AeroVironment, Inc. (NASDAQ:AVAV) today announced it received $13,800,062 of incremental funding on March 30, 2013 from the United States Army for continued performance of a contract action with a not to exceed value of $65,538,759. The order includes RQ-11B Raven systems, new miniature gimbaled payloads and initial spares packages, and is funded from the Army’s fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by July 25, 2013.   -> View More

Source: AeroVironment Inc. • Intelligent plug-in electric vehicle (PEV) charging technology controls charging rate based on grid conditions and aims to reduce electricity cost for plug-in vehicles.
• Grid-friendly PEV charging solution delivers benefits to grid operators and drivers

MONROVIA, Calif., March 6, 2013 - AeroVironment, Inc. (NASDAQ: AVAV) and the United States Department of Energy's Pacific Northwest National Laboratory (PNNL), managed by Battelle, today announced a commercial license agreement for a technology that supports widespread adoption of plug-in electric vehicles (PEVs) by helping to stabilize the electrical grid -- the network of electricity generation, transmission and distribution that powers the nation.   -> View More

Source: AeroVironment Inc. • Now consumers can seamlessly finance home charger and installation with electric vehicle (EV) purchases in a single transaction
• Finance and Insurance (F&I)-friendly packages present opportunities for dealers to improve their EV Customer Satisfaction index
• AeroVironment's home charger reduces charging time by more than half to 120 Volt Level 1 plug-in that comes standard with most EVs

MONROVIA, Calif., Feb. 7, 2013 - AeroVironment, Inc. (NASDAQ: AVAV) today launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. The program, which is the first of its kind, makes dealerships one-stop-shops for EV drivers and expands dealers' F&I product offerings.   -> View More

Source: AeroVironment Inc. • Largest order to date for newest AeroVironment small unmanned aircraft system
• Provides upgraded capabilities to lowest echelon of Marine Corps

MONROVIA, Calif., Jan. 23, 2013 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced that NAVAIR's Program Office for Navy & Marine Corps Small Tactical Unmanned Aircraft Systems (PMA-263), working collaboratively with the United States Army's Counter-IED Program Office, awarded a contract on Sept. 21, 2012 for AeroVironment Wasp® AE small unmanned aircraft systems, initial spares packages, training services, and one year of contractor logistics support. The PMA / Army team worked jointly to award the contract to PAR® Government Systems Corporation, which in turn secured the systems and services from AeroVironment for a total value of $12,032,430. Delivery was scheduled to occur within four months of contract award.   -> View More

Source: AeroVironment Inc. • Indefinite Delivery/Indefinite Quantity contract valued at up to $248 million supports small UAS requirements through December 2017
• Contract supports continued procurement and support of small unmanned aircraft systems for Army

MONROVIA, Calif., Jan. 8, 2013 -- AeroVironment, Inc. (NASDAQ: AVAV) announced that the United States Army has selected it and four other companies to compete for future small UAS requirements under a new Firm Fixed-Price Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $248 million maximum value. The contract will enable the continued procurement of AeroVironment's RQ-11B Raven and RQ-20A Puma AE systems as well as competing medium- and long-range small unmanned aircraft systems.   -> View More

Source: AeroVironment Inc. • AeroVironment™ secures exclusive rights to distribute larger, higher flying, longer endurance vertical takeoff and landing (VTOL) unmanned aircraft system (UAS) in United States, NATO and other countries
• AeroVironment will invest up to $3 million in CybAero convertible notes
• Agreement expands AeroVironment family of unmanned aircraft systems capabilities beyond hand-launched category to address market requirements

MONROVIA, Calif., Dec. 3, 2012 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced it has entered into a strategic relationship with Sweden-based CybAero AB (NASDAQOMXS: CBA) to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United States customers and to government customers in NATO and other countries. AeroVironment has agreed to purchase up to $3 million in convertible notes from CybAero to facilitate the company's growth.   -> View More

Source: AeroVironment Inc. • Latest in EVSE-RS home charging line plugs into a dedicated 240 Volt outlet for easy installation
• Secure installation allows for use at a vacation home, second home or seamless relocation to a new home
• Now available for immediate delivery at Amazon.com

MONROVIA, Calif., Oct. 15, 2012 -- AeroVironment, Inc. (NASDAQ: AVAV) today announced the expansion of its popular EVSE-RS home charging product line with the introduction of its new EVSE-RS Plug-In, which easily and securely plugs into a dedicated 240 volt outlet, eliminating the need to hardwire the charging station into the home. The station is SAE-J1772 compliant and recharges all battery electric vehicle (BEV) and plug-in hybrid vehicles (PHEV) incorporating the SAE standard.   -> View More

Source: AeroVironment Inc. • Total projected value of contract action is $65.9 million; $32.3 million in funding for orders received to date
• Payload integrates an electro-optical and infrared video sensor for improved tracking capabilities
• Modular payload compatible with existing RavenⓇ systems

MONROVIA, Calif., Sept. 5, 2012 -- AeroVironment, Inc. (NASDAQ:AVAV) today announced it received $16,472,298 in additional funding to perform on Aug. 10, 2012 from the United States Army under a contract action with a total projected value of $65,889,191. The company announced the initial $15.8 million funding of that contract action on June 1, 2012. The overall contract action includes RQ-11B Raven systems, new miniature gimbaled payloads and initial spares packages and is funded from the Army's fiscal 2012 procurement budget. Delivery of systems, spares and payloads is scheduled for completion by June 30, 2013.   -> View More

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