U.S. Air Force Places $2.4 Million Order for AeroVironment Puma AE Small Unmanned Aircraft Systems

April 18, 2012
  • First Puma system order for Air Force 
  • Adds to RQ-11B Raven and Wasp small unmanned aircraft systems (UAS) procured by Air Force

MONROVIA, Calif., April 18, 2012 --AeroVironment (NASDAQ: AVAV) announced it received a firm fixed-price order valued at $2,431,440 on April 5, 2012 from the U.S. Air Force for Puma AE® small unmanned aircraft systems (UAS) through an existing U.S. Army contract. Delivery is scheduled within two weeks.

"More military services are choosing the Puma system because its longer duration and more precise imagery deliver enhanced organic reconnaissance," said Tom Herring, AeroVironment senior vice president and general manager of Unmanned Aircraft Systems. "The Air Force already employs our RQ-11B Raven and Wasp small unmanned aircraft systems. With the Puma small UAS they will have a more comprehensive set of capabilities for force protection and force multiplication, anywhere and at any time."

The United States Special Operations Command (USSOCOM) selected the Puma UAS in 2008 for its AECV program after a full and open competition, the fourth U.S. Department of Defense competition for programs of record involving small UAS and the fourth such competition won by AeroVironment. In 2011 the United States Army assumed management of the AECV program. Each Puma system consists of three air vehicles and two ground control systems. The air vehicle carries an integrated electro-optical and infrared gimbaled video camera, is designed for enhanced survivability in land and maritime environments, and can operate effectively in foul weather and over rugged terrain. Its quiet operation, stabilized imagery and precision landing capability make Puma systems easy to operate and recover. The Puma air vehicle weighs 13 pounds, is battery powered and has a flight endurance of two hours.


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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AeroVironment, Inc.
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Mark Boyer
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