Southeast Asian Military Customer Awards AeroVironment $6.4 Million Raven Tactical UAS Follow-On Contract Award
November 04 2019 - 9:10AM
Business Wire
- New order expands customer’s fleet of Raven systems
- Raven is the most widely used military unmanned aircraft system
in the world
- AeroVironment’s Family of Tactical UAS are deployed by more
than 45 allied governments
AeroVironment, Inc. (NASDAQ:AVAV), a global leader in unmanned
aircraft systems (UAS), today announced it received a firm
fixed-price contract valued at $6,408,542 from an existing
Southeast Asian military customer on September 17, 2019 for
additional Raven® unmanned aircraft systems. Delivery is
anticipated within 12 months.
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AeroVironment's Raven is the most widely
used military unmanned aircraft system in the world. (Photo:
Business Wire)
“With nearly two decades of combat-proven effectiveness, Raven
is a mainstay workhorse for this customer’s military, other allied
governments, and the U.S. military because it gives troops closest
to the fight immediate eyes in the sky to gain lifesaving
situational awareness anywhere and at any time,” said Rick Pedigo,
vice president of sales and business development at AeroVironment.
“Raven’s ruggedness, small footprint and sensor capabilities ensure
that allied forces throughout the world have a profound advantage
at a moment’s notice in the most extreme environments.”
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 ranges up to
approximately 6.2 miles (10 kilometers). With its stabilized
gimbaled payload, the Raven delivers real-time color or infrared
imagery to ground control and remote viewing stations.
AeroVironment is participating in the Defense and Security 2019
Exhibition and Conference in Bangkok, Thailand, from November 18
through 21. Please visit AeroVironment at Booth U03 or at
www.avinc.com to learn more.
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 small
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191104005262/en/
AeroVironment, Inc. Steven Gitlin +1 (805) 520-8350
pr@avinc.com
Mark Boyer For AeroVironment, Inc. +1 (310) 229-5956
mark@boyersyndicate.com
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