Seven Allied Nations to Acquire AeroVironment Raven Unmanned Aircraft Systems in $18.5 Million U.S. Army Foreign Military Sal...
October 13 2015 - 9:10AM
Business Wire
- AeroVironment is recognized worldwide
as the go-to source for small unmanned aircraft solutions that help
people and enterprises operate more safely and effectively
- Raven remains the most widely used
unmanned aircraft system
AUSA – AeroVironment, Inc. (NASDAQ: AVAV) today announced
it has been awarded a firm-fixed-price contract from the United
States Army totaling $18,485,495 to supply initial RQ-11B Raven®
unmanned aircraft systems (UAS), spare parts and contractor
logistics services to seven allied nations through the Foreign
Military Sales (FMS) program.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20151013006056/en/
AeroVironment's RQ-11B Raven Small
Unmanned Aircraft Systems (UAS) (Photo: Business Wire)
The AeroVironment Raven is the most widely used unmanned
aircraft system in the world today. It is designed for rapid
deployment and high mobility for applications requiring
low-altitude intelligence, surveillance and reconnaissance. With a
wingspan of 4.5 feet and weighing 4.2 pounds, the hand-launched
Raven provides aerial observation, day or night, at line-of-sight
ranges up to approximately 6.2 miles (10 kilometers).
“Allied forces around the globe are increasingly relying on
AeroVironment as the go-to source for small UAS that deliver
powerful insight, on demand for valuable, real-time situational
awareness – whenever and wherever needed,” said Kirk Flittie,
AeroVironment vice president and general manager of its Unmanned
Aircraft Systems business segment. “Our systems help military
personnel and enterprises operate more safely and effectively in
some of the most challenging conditions and places on earth.”
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 the United States and allied customers.
The Puma AE small UAS comprises one component of AeroVironment’s
advanced, turnkey data collection, processing and delivery solution
employed to provide enterprise customers with engineering-quality
information, on demand, across multiple industries such as oil
& gas, agriculture, utilities, transportation and others.
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/20151013006056/en/
AeroVironment, Inc.Steven Gitlin,
+1-626-357-9983pr@avinc.comorfor AeroVironment, Inc.Mark Boyer,
+1-310-229-5956mark@boyersyndicate.com
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