Swedish Defence Materiel Administration Orders AeroVironment Puma AE and Wasp Small Unmanned Aircraft Systems

June 11, 2012
  • Swedish Army adopts "Family of Systems" approach with AeroVironment small unmanned aircraft systems (UAS)
  • Adds to more than one dozen international customers for AeroVironment small UAS

PARIS, At Eurosatory, June 11, 2012 -- AeroVironment (NASDAQ: AVAV) has received a firm fixed-price order for 12 hybrid small unmanned aircraft systems (UAS) from the Swedish Defence Materiel Administration (Färsvarets Materielverk) on behalf of the Swedish Army. The order consists of Puma AE™ and Wasp® air vehicles, ground stations, training, and logistics support. The order is the result of a competitive evaluation and procurement process. Contract options could increase the procurement to a total of 30 systems.

Demonstrating the family of systems concept, the Swedish deployment will include AeroVironment Puma AE® and Wasp® UAS to provide intelligence, surveillance and reconnaissance capabilities in support of a wide variety of missions. AeroVironment's portable, common ground control system operates the unmanned systems, thereby minimizing logistics and equipment.

"AeroVironment's family of small unmanned aircraft systems gives our customers the flexibility to select the right UAS for specific mission assignments or to use two or three different small UAS for different purposes on the same mission," said Roy Minson, AeroVironment senior vice president and general manager of its Unmanned Aircraft Systems business segment. "Numerous allied armed forces are adopting our small UAS because of their battle-proven force protection and force multiplication benefits to small tactical units."

In addition to Sweden, other international governments that have purchased AeroVironment small UAS include Australia, the Czech Republic, Denmark, Estonia, France, Italy, Lebanon, the Netherlands, Norway, Saudi Arabia, Singapore, Spain, Thailand, Uganda, and the United Kingdom.


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.


Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.


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