AeroVironment Receives U.S. Army Lethal Miniature Aerial Missile Systems Contract Valued At Up To $41 Million for Switchblade...
April 22 2021 - 9:10AM
Business Wire
- Award for contractor logistics support approved through Joint
Urgent Operational Needs Statement, reflecting high priority
requirement and strong user demand from the frontline
- Funded value for contractor logistics support is $13,010,560
with a total potential contract value of $40,852,467
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned
aircraft systems (UAS), today announced it received a $13,010,560
cost-plus-fixed-fee contract order on March 24, 2021 from the U.S.
Army for Switchblade® 300 tactical missile systems contractor
logistics support. The contract has a total potential value of
$40,852,467, for which funding was authorized via a DoD-approved
Joint Urgent Operational Need Statement. Logistics support services
are scheduled to be delivered through March 2024.
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Switchblade 300 delivers unmatched force
protection and precision strike capabilities to frontline forces.
(Photo: AeroVironment, Inc.)
“AeroVironment provides customers with logistics operation
services, such as operator training, flight support and
maintenance, to ensure the unmanned aircraft systems and tactical
missile systems are operationally ready for deployment at any
time,” said Brett Hush, AeroVironment vice president and product
line general manager for tactical missile systems.
AeroVironment’s combat proven Switchblade 300 is back-packable
and rapidly deployable from ground platforms, including a multipack
launcher, providing warfighters with rapid-response force
protection and precision strike capabilities up to 10 kilometers (6
miles) from its launch location. Its high precision, combined with
specialized effects and patented “wave-off” feature, results in
Switchblade’s ability to minimize or even eliminate collateral
damage.
ABOUT AEROVIRONMENT TACTICAL MISSILE SYSTEMS
AeroVironment’s tactical missile systems provide users with the
ability to identify threats and deliver a precision lethal payload
with minimal collateral damage. Switchblade® 300 and Switchblade®
600 loitering missile systems enable the warfighter to easily
launch, fly, track and engage beyond line-of-sight targets and
light armored vehicles across land, maritime and air-launched
scenarios. The Blackwing™ loitering reconnaissance system is a
variant of Switchblade designed to provide rapid-response
intelligence, surveillance and reconnaissance capabilities and can
be deployed from a submarine using an underwater-to-air delivery
canister, shipboard or mobile ground vehicle via tube-launch or
Multipack Launcher (MPL). AeroVironment’s tactical missile systems
deliver the actionable intelligence and precision firepower needed
to achieve mission success across multiple domains.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at
the intersection of robotics, sensors, software analytics and
connectivity that deliver more actionable intelligence so you can
Proceed with Certainty. Celebrating 50 years of innovation,
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/20210422005322/en/
Makayla Thomas AeroVironment, Inc. +1 (805) 520-8350
pr@avinc.com
Mark Boyer For AeroVironment, Inc. +1 (213) 247-4109
mark@boyersyndicate.com
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