Daniel Webster, dWeb.News Publisher
ARLINGTON, Va.–(BUSINESS WIRE)–AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced the United States Army exercised the third and final option under the Flight Control Systems (FCS) domain of the Army’s multi-year small unmanned aircraft systems (UAS) contract on Sept. 9, 2021. The value of the contract option is $11,731,740 and includes flight control system kits, ground control stations and tail booms for the Army’s existing fleet of Raven(r) tactical UAS. Delivery is scheduled to be completed by September 2022.
The contract option was exercised under the Army’s FCS domain awarded to AeroVironment in June 2019 and announced in November 2019 – the first of six domains comprising the Army’s existing five-year Indefinite Delivery, Indefinite Quantity (IDIQ) SUAS contract – bringing the total final value of contract to $54,632,776. Trace Stevenson is vice president and general manager of small UAS. “The Raven system was designed to provide frontline forces real-time, accurate, over-the-horizon situational intelligence in conflict areas. This capability was not available at the time it was created,” he said. “Raven is today the most widely used unmanned aircraft system worldwide and continues to be a modern tool for customers to win superiority on the battlefield.” The Raven system was designed for quick deployment and high mobility for operations that require low-altitude intelligence (ISR), surveillance, and reconnaissance (ISR). 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 numbers more than 50 allied governments. To learn more, visit www.avinc.com.
ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS
AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems (UAS). These systems offer multi-mission capabilities and the ability to select the right aircraft depending on the mission. These capabilities can provide significant force protection and force multiplier benefits for small tactical units and security personnel. They also offer greater safety, scalability, and cost-savings for commercial operators. With the addition of the Crysalis(tm) next-generation ground control solution, command and control of compatible UAS and their payloads is streamlined through an intuitive user experience and battlefield communication and collaboration is improved by enabling users to easily share real-time information and coordinate mission-critical decisions. AeroVironment offers turnkey ISR services and support services around the world to ensure mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned air vehicles to customers within the United States and to more than 50 allied governments. For more information, visit https://www.avinc.com/uas.
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. AeroVironment, headquartered in Virginia, is a leader in intelligent, multi-domain robot systems. It serves commercial, defense and government 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 based on current expectations, forecasts, and assumptions. There are risks and uncertainties that could cause our business, strategy, or actual results to differ materially to those implied or expressed. There are many factors that could affect actual results, including but not limited to: our ability to perform under existing contract and obtain additional contracts; competitors’ activities; failure of markets in which we operate; failures to expand into new markets; failures to develop new products and integrate new technology; general economic and business conditions in America and around the world. The Securities and Exchange Commission has a list and description of these risks and uncertainties. We don’t intend to and are not obliged to revise any forward-looking statements whether they result from new information, future events, or otherwise.
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