AeroVironment Awarded $12 Million Support Contract from Major Middle Eastern Ally
November 14 2019 - 9:10AM
Business Wire
- Contract includes support, spares and repair services for
existing fleet of Puma and Raven tactical unmanned aircraft
systems
- More than 45 allied governments deploy systems from
AeroVironment’s innovative family of tactical UAS
AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned
aircraft systems (UAS), today announced a major Middle Eastern ally
awarded the company a firm fixed-price contract valued at
$11,999,992 on October 25, 2019 for logistics support, spares, and
repair services in support of its existing fleet of AeroVironment’s
Puma™ AE and Raven® B tactical UAS. The contract award period of
performance is two years.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191114005241/en/
AeroVironment's Puma 3 AE UAS is rapidly
deployed anywhere, anytime, in any environment for continuous or
on-demand spot surveillance (Photo: Business Wire)
“Our United States and global customers require reliable, rugged
and combat-proven tactical unmanned aircraft systems that defense
and security personnel can deploy immediately from their rucksacks
without the need for runways or other launch logistics,” said Rick
Pedigo, vice president of sales and business development for
AeroVironment. “This order builds on our fast-growing international
customer base as more allied forces rely on our innovative systems
to proceed with certainty on the frontlines.”
AeroVironment’s Raven system 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 range of at
least 6.2 miles (10 kilometers). The Raven’s stabilized gimbaled
payload delivers real-time color or infrared imagery to ground
control and remote viewing stations.
The AeroVironment Puma AE is a fully man-portable unmanned
aircraft system designed for land and maritime operations. The
hand-launched Puma AE has a wingspan of 9.2 feet, weighs 15 pounds
and operates for up to 2.5 hours at line-of sight range of 20
kilometers with a standard antenna, and up to 60 kilometers with
AeroVironment’s Long-Range Tracking Antenna. Capable of landing in
water or on land, the all-environment Puma, with its Mantis i45
sensor suite, empowers the operator with extended flight time and a
level of imaging capability never before available in the small UAS
class.
About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®,
together with VAPOR® Helicopter UAS comprise AeroVironment’s family
of tactical Unmanned Aircraft Systems. This Family of Systems
provides increased capability to the warfighter that gives 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.
AeroVironment has delivered thousands of new and replacement
tactical unmanned air vehicles to customers within the United
States and to more than 45 allied governments.
About AeroVironment, Inc.
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 and tactical missile systems, and serves defense,
government, and commercial customers. 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.
For additional media and information, please follow us at:
Facebook: https://www.facebook.com/aerovironmentinc/ Twitter:
https://twitter.com/aerovironment LinkedIn:
https://www.linkedin.com/company/aerovironment YouTube:
http://www.youtube.com/user/AeroVironmentInc Instagram:
https://www.instagram.com/aerovironmentinc/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191114005241/en/
AeroVironment, Inc. Steven Gitlin +1 (805) 520-8350
pr@avinc.com
Mark Boyer For AeroVironment, Inc. +1 (310) 229-5956
mark@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