AeroVironment Wins U.S. Army Contract Valued at Up to $55 Million for Radio Frequency Modifications to Raven® B Unmanned Air...
November 13 2019 - 9:10AM
Business Wire
- Potential contract options total as much as $55 million;
initial base delivery order is $862,488
- Hand-launched AeroVironment Raven is the most widely used
military unmanned aircraft system in the world
AeroVironment, Inc. (NASDAQ:AVAV),
a global leader in unmanned aircraft systems (UAS) for both defense
and commercial applications, announced the U.S. Army awarded the
company a firm-fixed-price contract on June 6, 2019 to begin radio
frequency modifications on its currently deployed Raven® UAS. The
initial base delivery order is $862,488, with potential contract
options valued up to $55 million.
“AeroVironment engineered and manufactures the Raven system, so
we are best equipped to support quick and efficient field upgrades
to ensure maximum Raven system uptime and force protection for
operators around the world,” said Rick Pedigo, vice president,
sales and business development for AeroVironment. “AeroVironment
and the Army are committed to supplying soldiers closest to the
fight with the most advanced aerial robotic technology to gain
critical situational awareness anywhere and at any time to help
them proceed with certainty.”
AeroVironment won the competitive bid as part of the Army’s
$248.5 million five-year Indefinite Delivery Indefinite Quantity
small UAS sustainment contract announced in April 2018.
AeroVironment and six other awardees were selected as part of the
IDIQ contract, which covers six domains: Systems, Tactical Open
Government Owned Architecture (TOGA), Other Major Components,
RQ-20A Puma Spares, RQ-11B Raven Spares and Flight Control Systems
(FCS). The Army selected AeroVironment as the sole-source supplier
for RQ-20A and RQ-11B spares and for FCS.
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.
About AeroVironment Small UAS
The RQ-20A/B Puma™, 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
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version on businesswire.com: https://www.businesswire.com/news/home/20191113005478/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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