AeroVironment Receives $21 Million Initial Contract Option for Raven Radio Frequency Modifications Under Previously Awarded U...
July 08 2020 - 9:10AM
Business Wire
- Contract option for Army Small Unmanned Aircraft Systems (SUAS)
Flight Control Systems (FCS) domain includes avionics and data link
upgrades to modify radio frequency
- Raven tactical unmanned aircraft system is designed for rapid
deployment, delivering real-time tactical situational awareness to
warfighters
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned
Aircraft Systems (UAS), today announced the United States Army
exercised the first of three options under the sole source Flight
Control Systems (FCS) domain of the Army’s multi-year small UAS
contract on April 28, 2020. The value of the initial contract
option is $21,058,643 and includes avionics and data link upgrade
packages to modify radio frequencies employed by the Army’s
existing fleet of Raven® tactical UAS, the largest fleet of Raven
systems in the world. Delivery will take place over a two-year
period.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200708005253/en/
U.S. Army Soldier hand-launches Raven
tactical unmanned aircraft system during a platoon live fire
exercise at Fort Campbell, KY. U.S. Army Photo by Capt. Justin
Wright (Photo: Business Wire)
The Army exercised the option under the FCS domain awarded to
AeroVironment by the Army in June 2019. FCS is one of six domains
comprising the Army’s existing five-year Indefinite Delivery,
Indefinite Quantity (IDIQ) SUAS contract, and has a potential value
of up to $55 million.
“AeroVironment is committed to providing continuous support to
the Army’s ongoing, multi-year programs of record for tactical UAS,
such as the Raven, with quick and efficient field upgrades to help
operators around the world perform their missions more
effectively,” said Rick Pedigo, Vice President, Business
Development and Sales for AeroVironment.
AeroVironment’s Raven system is designed for rapid deployment
and high mobility for operations requiring low-altitude
intelligence, surveillance and reconnaissance. With a wingspan of
4.5 feet and weighing just 4.2 pounds (1.9 kilograms), the
hand-launched Raven provides situational awareness, day or night,
with an operational range of 6.2 miles (10 kilometers). The Raven’s
Mantis i23 EO/IR gimbaled payload delivers real-time video or
infrared imagery to ground control and remote viewing stations.
AeroVironment’s family of tactical UAS comprises the majority of
all unmanned aircraft in the U.S. Department of Defense (DoD)
inventory, and its rapidly growing international customer base of
50 allied governments. To learn more, visit www.avinc.com.
About AeroVironment Tactical UAS
The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®,
together with the VAPOR® Helicopter, 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 50 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/20200708005253/en/
AeroVironment, Inc. Makayla Thomas +1 (805) 520-8350
pr@avinc.com
Mark Boyer For AeroVironment, Inc. +1 (310) 229-5956
mark@boyersyndicate.com
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