NATO Support & Procurement Agency (NSPA) Awards AeroVironment $5.9 Million Contract to Procure Raven Unmanned Aircraft System...
September 13 2018 - 9:10AM
Business Wire
- Raven system, with Mantis i23 sensor
suite and pocket Remote Video Terminal (p/RVT), greatly enhances
missions by adding stand-off/intercept, real-time surveillance and
connectivity
- With proven track record in combat use
around the globe, Raven systems operate successfully and reliably
from a variety of austere operational environments
- Portuguese Army joins a growing number
of allies adopting and fielding AeroVironment’s family of unmanned
aircraft systems
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned
aircraft systems (UAS) for both defense and commercial
applications, announced today the receipt of a fixed-price contract
award valued at $5,962,494 from NSPA on August 20, 2018. The
contract award encompasses the procurement of Raven™ unmanned
aircraft systems equipped with Mantis i23 sensors and pocket Remote
Video Terminals (p/RVT) for the Portuguese Army, with delivery
scheduled over a three-year period.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180913005331/en/
Portuguese Army Procures AeroVironment
Raven Unmanned Aircraft Systems (Photo: Business Wire)
“AeroVironment’s Raven unmanned aircraft system, equipped with
our Mantis i23 gimbaled sensor suite and pocket Remote Video
Terminal, packs significant capabilities into a portable,
man-packable platform for operations in austere environments around
the globe,” said Kirk Flittie, vice president and general manager
of AeroVironment’s Unmanned Aircraft Systems business. “Our small
UAS deliver valuable situational awareness directly to frontline
warfighters at a fraction of the procurement and lifecycle cost of
larger UAS. The Raven system will provide the Portuguese Army with
rapid and effective force protection as well as interoperability
capabilities with NATO forces, supporting coalition mission
integration.”
With the Family of Systems (FoS) concept, customers can add
other AeroVironment small UAS to augment their capabilities while
utilizing the same ground control station and software for added
simplicity and efficiency, providing for interoperability across
NATO forces. The Portuguese Army’s adoption of the Raven system
represents the 18th of 29 NATO member nations to adopt
AeroVironment’s family of small UAS.
About AeroVironment Small UAS
RQ-11B Raven®, RQ-12 Wasp®, RQ-20B 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 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 tens of thousands of new and replacement small
unmanned air vehicles to customers within the United States and to
more than 45 allied nations.
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 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: http://www.facebook.com/aerovironmentincTwitter:
http://www.twitter.com/aerovironmentLinkedIn:
https://www.linkedin.com/company/aerovironmentYouTube:
http://www.youtube.com/user/AeroVironmentIncInstagram:
https://www.instagram.com/aerovironmentinc/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180913005331/en/
AeroVironment, Inc.Steven Gitlin+1 (626)
357-9983pr@avinc.comorFor AeroVironment, Inc.Mark Boyer+1 (310)
229-5956mark@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