United States Army Awards AeroVironment $22.8 Million Contract for Lethal Miniature Aerial Missile Systems (LMAMS) & Support ...
October 03 2016 - 9:10AM
Business Wire
- Funding approved through Joint Urgent
Operational Needs Statement, reflecting high priority requirement
and strong pull from the frontline
- AeroVironment will deliver its
Switchblade Block 10C through this contract to meet urgent
requirement
- AeroVironment provides full system
capability, including Switchblade systems, operator training,
support and logistics
Association of the United States Army Annual Meeting and
Exposition – AeroVironment, Inc. (NASDAQ: AVAV), a global
leader in unmanned aircraft systems for both military and
commercial applications, today announced the United States Army
Close Combat Weapons Systems Project Office has awarded the company
a contract for Block 10C Switchblade™ Lethal Miniature Aerial
Missile Systems (LMAMS) and support services valued at $22,776,812
through a Joint Urgent Operational Needs Statement. Delivery is
anticipated within 12 months.
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AeroVironment Receives $22.8 million
contract for Switchblade Loitering Missile Systems and Support
(Photo: Business Wire)
First deployed by United States forces in 2011, the
AeroVironment Switchblade provides warfighters with force
protection and precision strike capabilities up to ten kilometers
from its launch location, with minimal to no collateral damage and
wave-off capability. Block 10C Switchblade, introduced by
AeroVironment in May 2016, incorporates improvements based on
feedback from users, including encrypted digital
communications.
“Switchblade is a mature system, in production, that delivers
unmatched force protection and precision strike capabilities to
American forces,” said Kirk Flittie, AeroVironment vice president
and general manager of its Unmanned Aircraft Systems business
segment. “Soldier-portable and lightweight, Switchblade is a
uniquely powerful LMAMS solution for complex combat environments.
AeroVironment stands ready, with a proven product, supply chain and
production system, to respond rapidly to this and future
requirements.”
Visit AeroVironment at the AUSA Annual Meeting and Expo from
October 3 – 5th:
- Booth #2339
- Walter E. Washington Convention Center,
Washington DC.
About AeroVironment Tactical Missile Systems
Switchblade forms the basis of AeroVironment’s emerging family
of Tactical Missile Systems. Switchblade is a rapid launch, high
precision, force protection loitering missile that minimizes
collateral damage. Designed initially for dismounted infantry
operations, Switchblade spawned a number of variants in development
for new customers and new applications.
About AeroVironment
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, tactical missile systems and electric vehicle
charging and test systems, and serves militaries, government
agencies, businesses and consumers. For more information, visit
www.avinc.com.
Safe Harbor Statement
This press release contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, without limitation, any
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"believe," "anticipate," "expect," "estimate," "intend," "project,"
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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 the
forward-looking statements. Factors that could cause actual results
to differ materially from the forward-looking statements include,
but are not limited to, reliance on sales to the U.S. government;
availability of U.S. government funding for defense procurement and
R&D programs; changes in the timing and/or amount of government
spending; risks related to our international business, including
compliance with export control laws; potential need for changes in
our long-term strategy in response to future developments;
unexpected technical and marketing difficulties inherent in major
research and product development efforts; changes in the supply
and/or demand and/or prices for our products and services; the
activities of competitors and increased competition; failure of the
markets in which we operate to grow; failure to remain a market
innovator and create new market opportunities; changes in
significant operating expenses, including components and raw
materials; failure to develop new products; the extensive
regulatory requirements governing our contracts with the U.S.
government; product liability, infringement and other claims;
changes in the regulatory environment; 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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version on businesswire.com: http://www.businesswire.com/news/home/20161003005581/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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