U.S. Army Awards AeroVironment Contracts Totaling $47 Million for RQ-11B Raven & RQ-20A Puma AE Unmanned Aircraft Systems Sus...
August 24 2015 - 9:10AM
Business Wire
- Raven and Puma continue to support
soldiers with critical situational awareness anywhere, anytime
- Sustainment of Raven and Puma fleets
ensures operational readiness
AeroVironment, Inc. (NASDAQ: AVAV) today announced receipt since
May 1, 2015 of ten orders from the United States Army totaling
$47.1 million for RQ-11B Raven® and RQ-20A Puma™AE unmanned aircraft systems (UAS) sustainment.
This total value includes seven orders awarded on July 23 totaling
$35,196,388.
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AeroVironment's RQ-11B Raven Small
Unmanned Aircraft Systems (UAS) (Photo: Business Wire)
The AeroVironment Raven, the most widely used UAS in the world
today, is a lightweight solution designed for rapid deployment and
high mobility for military applications requiring low-altitude
surveillance and reconnaissance intelligence. The AeroVironment
Puma AE is a small UAS designed for land-based and maritime
operations. Capable of landing in salt water or on the ground, the
Puma AE empowers the operator with a level of operational
flexibility never before available in the small UAS class.
“Sustaining the Army’s large fleet of Raven and Puma AE systems
ensures that soldiers continue to have the most effective, reliable
and adaptable small UAS available to support them wherever and
whenever required,” said Kirk Flittie, vice president and general
manager of AeroVironment’s UAS business segment. “These contracts
assure that American soldiers can continue to rely on our
combat-proven solutions to deliver powerful insight, on-demand,
that helps them operate more safely and effectively.”
About AeroVironment Small UAS
RQ-11B Raven®, RQ-12 Wasp®AE,
RQ-20A Puma™AE 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
allied 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, Inc.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150824005506/en/
AeroVironment, Inc.Steven Gitlin, 626-357-9983pr@avinc.comorFor
AeroVironment, Inc.Mark Boyer,
310-229-5956mark@boyersyndicate.com
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