U.S. Army Awards AeroVironment $27.2 Million for RQ-11B Raven and RQ-20A Puma Spare Parts
September 30 2014 - 9:10AM
Business Wire
- Latest orders increase total value of
spare parts and upgrade awards to $77.6 million since May 2014
- Recapitalization of Raven and Puma
fleets ensures combat readiness
AeroVironment, Inc. (NASDAQ: AVAV) today announced it received
three firm fixed-price orders from the United States Army totaling
$27,178,075 for RQ-11B Raven® and RQ-20A Puma AE™ unmanned aircraft
systems (UAS) spare parts. The company received two orders on
August 29, 2014 and one on September 18, 2014. Delivery is
anticipated within 12 months.
AeroVironment's Puma AE Unmanned Aircraft
System (Photo by SGT. Mike MacLeod 1st Brigade Combat Team, 82nd
Airborne Division Public Affairs)
The latest orders increase the total value of orders for Raven
and Puma AE UAS spare parts and Raven upgrades received since May
2014 to $77.6 million.
“Recapitalizing the Army’s large fleet of Raven and Puma AE
systems ensures that soldiers have the most effective and reliable
small UAS available to support them, wherever and whenever
required,” said Roy Minson, senior vice president and general
manager of AeroVironment’s UAS business segment. “With
AeroVironment-original spare parts and upgrades, operators can
continue to rely on our combat-proven solutions to deliver better
information, on-demand, and help them operate more safely and
effectively.”
About AeroVironment Small UAS
RQ-11B Raven, RQ-12 Wasp™, RQ-20A Puma and Shrike VTOL™ comprise
AeroVironment’s Family of Small Unmanned Aircraft Systems.
Operating with a common ground control system (GCS), this Family of
Systems provides increased capability to the warfighter that can
give ground commanders the option of selecting the appropriate
aircraft based on the type of mission to be performed. This
increased capability has the potential to provide significant force
protection and force multiplication benefits to small tactical
units and security personnel. AeroVironment provides logistics
services worldwide to ensure a consistently high level of
operational readiness and provides mission services for customers
requiring only the information its small UAS produce. AeroVironment
has delivered thousands of new and replacement small unmanned air
vehicles to customers within the United States and to more than 30
international governments.
The Puma AE small UAS comprises one component of AeroVironment’s
advanced, turnkey data collection, processing and delivery solution
employed to provide commercial customers with engineering-quality
information, on-demand, across multiple industries such as oil
& gas, agriculture, mining and others. The Qube™ small UAS is
tailored to law enforcement, first response and other public safety
missions. Small enough to fit easily in the trunk of a car, the
Qube system can be unpacked, assembled and ready for flight in less
than five minutes, giving the operator a rapidly deployable eye in
the sky at a fraction of the cost of manned aircraft and large
unmanned aircraft.
About AeroVironment
AeroVironment is a technology solutions provider that designs,
develops, produces, supports and operates an advanced portfolio of
Unmanned Aircraft Systems (UAS) and electric transportation
solutions. The company’s electric-powered, hand-launched unmanned
aircraft systems generate and process data to deliver powerful
insight, on-demand, to people engaged in military, public safety
and commercial activities around the world. Global
Observer® is a hybrid-electric,
stratospheric UAS designed to provide affordable, persistent
reconnaissance and communication over any location on the globe.
The Switchblade™ tactical missile
system enables the infantry squad and other customers with
increased lethality, reach and force protection through its rapid
deployment, direct fire and collateral damage avoidance
capabilities. AeroVironment’s electric transportation solutions
include a comprehensive suite of electric vehicle (EV) charging
systems, installation and network services for consumers,
automakers, utilities and government agencies, power cycling and
test systems for EV developers and industrial electric vehicle
charging systems for commercial fleets. More information about
AeroVironment is available at 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; our reliance on sales to the U.S.
government; changes in the timing and/or amount of government
spending; changes in the supply and/or demand and/or prices for our
products and services; 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, including our
most recent Annual Report on Form 10-K and Quarterly Reports on
10-Q. 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.
Additional media and information:
Defense Video & Imagery Distribution System
(dvids) Puma AE b-roll: http://www.dvidshub.net/video/136494/uav -
.VCn6BkhyVyl
Facebook: http://www.facebook.com/ -
!/pages/AeroVironment-Inc/91762492182Twitter:
http://www.twitter.com/aerovironmentYouTube:
http://www.youtube.com/user/AeroVironmentIncGoogle+:
https://plus.google.com/100557642515390130818/posts
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140930005852/en/
AeroVironment, Inc.Steven Gitlin+1 (626)
357-9983pr@avinc.comorMark BoyerFor AeroVironment, Inc.+1 (310)
229-5956mark@boyersyndicate.com
AeroVironment (NASDAQ:AVAV)
Historical Stock Chart
From Mar 2024 to Apr 2024
AeroVironment (NASDAQ:AVAV)
Historical Stock Chart
From Apr 2023 to Apr 2024