United States Marine Corps Awards AeroVironment $19.3 Million BATMAV Contract for Wasp III Micro Unmanned Aircraft Systems (UAS)

November 20, 2007

MONROVIA, Calif., Nov. 20, 2007 -- AeroVironment, Inc. (AV) (NASDAQ: AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, today announced that the U.S. Marine Corps has ordered $19.3 million in BATMAV (Battlefield Air Targeting Micro Air Vehicle) systems, each consisting of two Wasp III micro air vehicles, AV's Advanced Battery Charger, spares and support services. The order followed a successful Marine Corps evaluation of Wasp systems provided by the Defense Advanced Research Projects Agency, or DARPA.

The Marine Corps will procure the BATMAV systems through the Air Force BATMAV contract, which was awarded to AV in December 2006 and provides a means for other U.S. armed services to procure these systems. The Marine Corps plans to issue Wasp III systems to the battalion for deployment at the platoon level, representing a basis of issue that is lower in the force structure than that of AV's Raven small unmanned aircraft system.

"The small size and light weight of Wasp make it ideally suited for deployment directly to platoons, where flexibility, portability and reliability are critically important. We have been evaluating Wasp for some time, and believe that it offers a unique new capability to support our Marines' missions around the world," said U.S. Marine Corps Major James Roudebush, Tier I UAV Program Manager, PMA-263. "These Wasp systems, like the Ravens and Dragon Eyes, help our teams operate more successfully and ultimately help protect their lives."

"The planned deployment of Wasp to the platoon level reflects its value to the warfighter," said John Grabowsky, executive vice president and general manager, AV Unmanned Aircraft Systems. "Just as our Raven has become the small UAS solution in support of programs for the Army, Marines, Special Operations and Air Force, we believe Wasp III to be the emerging micro UAS solution."

The U.S. Air Force selected Wasp III as the micro UAS for its BATMAV program. With a wingspan of 29 inches and weighing only one pound, the Wasp III carries one infrared and two color cameras that transmit streaming video directly to the hand-held ground controller for display on an integrated monitor. Wasp III is the first micro air vehicle to be adopted by the U.S. armed forces in support of a program of record. Its portability and reliability are being demonstrated through continuing evaluation in forward locations.

About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) is a global leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics, and connectivity. Headquartered in Arlington, Virginia, AeroVironment delivers actionable intelligence so our customers can proceed with certainty. 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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