Taiwan to Receive AV’s Switchblade 300 Loitering Munition Systems
July 02 2024 - 9:10AM
Business Wire
U.S. government approves foreign military sale
of the Switchblade 300 in support of Taiwanese national
security
The U.S. Department of State announced approval of a possible
foreign military sale of AeroVironment (AV) Switchblade® 300
loitering munition systems to Taiwan for an estimated $60.2
million. The proposed sale will bolster Taiwan’s defensive
capabilities and supports U.S. national security and economic
interests in the Indo-Pacific region.
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Combat-proven Switchblade 300, with
patented wave-off and recommit capability, will provide Taiwanese
defenders with precise maritime and land long-range lethality.
(Photo: AeroVironment)
AV’s combat-proven Switchblade 300 systems have been deployed by
the U.S. Army for more than a decade and are currently providing
real-time ISR and precision strike support on battlefields in
Ukraine. Ideal for use against beyond-line-of-sight targets,
Switchblade systems were previously approved by the U.S. Government
for use by Ukraine, France, the United Kingdom and additional
allies after Russia’s 2022 invasion of Ukraine. The latest
iteration of the system – Switchblade 300 Block 20 – features
alternative warheads, including an armor penetrating capability,
increased target attack angle, and significantly greater battery
life, flight endurance, and radio link range.
“Switchblade 300 continues to be a critical weapon employed by
the U.S. and its allies to defend homelands and operational forces
against adversaries,” said Brett Hush, AV’s senior vice president
and general manager for Loitering Munition Systems. “We have proven
in steady combat against modern enemies that Switchblade 300
provides forces a competitive edge on the battlefield, introducing
precise, long-range fires well beyond their current
capabilities.”
The backpackable, lightweight Switchblade 300 offers operators
the flexibility to rapidly maneuver on the ground, in and out of
vehicles, or within fixed defensive positions prior to launch.
Real-time video, GPS coordinates, selectable warheads, and wave-off
capabilities provide the operator a proven, reliable asset that can
be employed in various domains.
“AV looks forward to supporting the U.S. and Taiwan in rapidly
fielding these highly effective weapon systems to deter aggression,
defend the airspace and waters around Taiwan, and assist in
maintaining political stability,” continued Hush.
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. Headquartered in Virginia, AeroVironment is
a global leader in intelligent, multi-domain robotic 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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Ashley Riser AeroVironment, Inc. +1 (805) 750-6176
pr@avinc.com
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