Rear Admiral Daniel H. Stone Joins AeroVironment as Vice President of Its Unmanned Aircraft Systems Logistics Operation
July 25, 2007
MONROVIA, CA., July 25, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient energy systems, today announced that U.S. Navy Rear Admiral, Daniel H. Stone, has joined the company as vice president of its Unmanned Aircraft Systems (UAS) logisitics operation. AV's logistics operation supports all of the company's globally deployed small UAS, including Raven, Dragon Eye, Wasp and Puma.
Stone brings more than 20 years of supply and logistics experience in the Navy to AeroVironment, most recently serving as the Commander of the Naval Supply Systems Command. Previously he held positions as the initial Director of Logistics for U.S. Northern Command and North American Aerospace Defense Command (NORAD), and Director, Logistics, Fleet Supply and Ordnance for the U.S. Pacific Fleet based in Pearl Harbor.
"Dan's experience as the commander of the U.S. Navy's logistics operation will be a significant advantage in ensuring maximum and efficient support to our customers as our cumulative base of deployed small unmanned aircraft systems continues to increase rapidly throughout th world," said Tim Conver, president and chief executive officer, AV. AV has delivered more than 6,000 small UAS to U.S. Armed Forces and allied military forces worldwide and its Raven has logged nearly 25,000 flight hours with the U.S. Army alone.
While Commander of the Naval Supply Systems Command, Stone managed the Navy's largest fulfillment/supply chain organization of 25,000 employees and $8 billion in sales. He also led a global network of customer support operations, aircraft/ship/submarine inventory control points, and the Navy's supply chain and financial software development organization. Stone was responsible for improving supply chain performance for more than 1 million annual orders from U.S. combat operations and 21 foreign navies.
Stone said, "This is an exciting opportunity to apply my experience and knowledge to such a dynamic and innovative company. I look forward to helping expand AV's logistics activities and continue the world class support that it has provided to its customers."
AV provides global logistics support for all its unmanned aircraft systems in the field. This support includes operational training, system repair and refurbishment. AV's logistics operations are headquartered in Simi Valley, Calif. with forward deployed personnel supporting a depot in Iraq.
About AeroVironment, Inc. (AV)
AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com.
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