AeroVironment Awarded $3.2 Million Puma AE Unmanned Aircraft Systems Contract by United States Department of Defense for U.S....
November 06 2018 - 9:10AM
Business Wire
- Puma all-environment system supports
ground, riverine and maritime missions
- United States Department of Defense
Foreign Military Sales program facilitates interoperability among
U.S. and allied forces
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned
aircraft systems for both defense and commercial applications,
today announced it received a $3,228,856 firm-fixed-price contract
on Sept. 14, 2018 from the U.S. Department of Defense to provide
RQ-20B Puma AE II small unmanned aircraft systems, training and
support to an allied nation in the U.S. Indo-Pacific Command
(INDOPACOM) area of responsibility. Delivery is anticipated by
March 30, 2019.
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the full release here:
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AeroVironment's RQ-20B Puma AE SUAS is
designed for land-based and maritime operations. (U.S. Marine Corps
photo by Lance Cpl. Frank Cordoba)
“The vast, diverse landscape of the INDOPACOM area of operation
demands small unmanned aircraft systems that can support ground,
riverine and maritime operations effectively,” said Kirk Flittie,
vice president and general manager of AeroVironment’s Unmanned
Aircraft Systems business. “The combat-proven Puma has demonstrated
its unique effectiveness in a wide range of operating environments,
from mountains to deserts, from the Arctic to Antarctica, on land
and on the open ocean, delivering actionable intelligence to help
customers proceed with certainty.”
AeroVironment’s family of small drones comprise the majority of
all unmanned aircraft in the U.S. DoD inventory and its rapidly
growing international customer base numbers more than 45 allied
governments. “This contract is a good example of the additional
procurement potential among our international customers,” said
Flittie.
The AeroVironment Puma is 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
The RQ-11B Raven®, RQ-12 Wasp® and RQ-20A/B
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 thousands of new and replacement small unmanned air
vehicles to customers within the United States and to more than 45
allied governments.
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
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
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
“believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,”
“plan,” or words or phrases with similar meaning. Forward-looking
statements are based on 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 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; the impact of potential
security and cyber threats; 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; uncertainty in the customer adoption rate
of commercial use unmanned aircraft systems; 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: https://www.businesswire.com/news/home/20181106005308/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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