Southeast Asian Military Customer Awards AeroVironment $6.4 Million Raven Tactical UAS Follow-On Contract Award

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it received a firm-fixed-price contract valued at $6,408,542 from an existing Southeast Asian military customer on September 17, 2019, for additional Raven® unmanned aircraft systems.  Delivery is anticipated within 12 months.

“With nearly two decades of combat-proven effectiveness, Raven is a mainstay workhorse for this customer’s military, other allied governments, and the U.S. military because it gives troops closest to the fight immediate eyes in the sky to gain lifesaving situational awareness anywhere and at any time,” said Rick Pedigo, vice president of sales and business development at AeroVironment.  “Raven’s ruggedness, small footprint and sensor capabilities ensure that allied forces throughout the world have a profound advantage at a moment’s notice in the most extreme environments.”   

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.

AeroVironment is participating in the Defense and Security 2019 Exhibition and Conference in Bangkok, Thailand from November 18 through 21.  Please visit AeroVironment at Booth U03 or at www.avinc.com to learn more.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™Puma™ LERQ-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 small 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.