U.S. Army Selects AeroVironment to Compete for Family of Unmanned Aircraft Systems & Spare Parts Task Orders Valued at Up To ...
July 09 2018 - 09:10AM
Business Wire
- Army secures continued support for its
fleet of Puma Long Range Reconnaissance Surveillance (LRRS) and
Raven Medium Range Mobile (MRM) UAS
- Raven and Puma continue to support US
Army soldiers with critical situational awareness anywhere,
anytime
- Sustainment of Raven and Puma fleets
ensures operational readiness
AeroVironment, Inc. (NASDAQ: AVAV) announced that on April 10,
2018 the United States Army selected the Company and six other
suppliers for small Unmanned Aircraft Systems (UAS) sustainment
under a five-year Indefinite Delivery Indefinite Quantity (IDIQ)
contract. The seven awardees will compete for LRRS and MRM UAS,
Tactical Open Architecture Controller system and spare and repair
parts procurement task orders over the duration of the contract.
The maximum value of the contract is $248 million over five
years.
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the full release here:
https://www.businesswire.com/news/home/20180709005489/en/
AeroVironment's RQ-20B Puma AE SUAS is
designed for land-based and maritime operations. (Photo: Business
Wire)
“The Army and AeroVironment remain committed to supporting the
soldier closest to the fight with UAS solutions proven secure,
effective and dependable around the world,” said Kirk Flittie, vice
president and general manager of AeroVironment’s UAS business
segment. “The IDIQ contract assures that American soldiers can
continue to rely on AeroVironment’s combat-proven solutions to
deliver the actionable intelligence they need to proceed with
certainty.”
AeroVironment won the first competitive award for the Army’s
small UAS program of record on a sole-source basis in 2005, and won
the renewal of that contract with four other suppliers in 2012.
AeroVironment is the designer and manufacturer of the RQ-11B Raven®
and RQ-20A and B Puma™ UAS, which constitute the vast majority of
the Army’s existing fleet of Small UAS. The AeroVironment Raven,
the most widely deployed defense unmanned aircraft system 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 is a small unmanned aircraft system
designed for land-based and maritime operations. Capable of landing
in water or on the ground, 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 Small UAS
RQ-11B Raven®, RQ-12 Wasp® and RQ-20A Puma™ 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 offers a smaller
vertical take-off and landing (VTOL) system, the Snipe VTOL™ for
support of individual squads and platoon surveillance.
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 40 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
militaries, government agencies, businesses and consumers. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180709005489/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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