AeroVironment Receives $ 41 Million US Military Lethal Miniature Air Missile Techniques Contract for Logistical Help to Tactical Missile Techniques Contractor Switchblade 300 | Enterprise

SIMI VALLEY, Calif .– (BUSINESS WIRE) – April 22, 2021 –

AeroVironment, Inc. (NASDAQ: AVAV), a world chief in unmanned plane programs (UAS), right this moment introduced that it has acquired a $ 13,010,560 fixed-cost order on March 24, 2021 from the U.S. army for Switchblade® 300 tactical logistics assist for the missile programs contractor. The contract has a complete potential worth of $ 40,852,467, for which funding has been approved via a Joint Assertion of Pressing Operational Necessities authorized by the DoD. Logistics assist companies are anticipated to be supplied till March 2024.

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Switchblade 300 delivers unmatched pressure safety and precision strike capabilities to frontline forces. (Photograph: AeroVironment, Inc.)

“AeroVironment offers its prospects with logistics operations companies, equivalent to operator coaching, flight assist and upkeep, to make sure that unmanned plane programs and tactical missile programs are operational always. Stated Brett Hush, vp of AeroVironment and basic product line. supervisor of tactical missile programs.

AeroVironment’s combat-proven Switchblade 300 will be repackaged and quickly deployed from land-based platforms, together with a multipack launcher, offering combatants with speedy response pressure safety and firefighting capabilities. Precision hits as much as 10 kilometers (6 miles) from its launch location. Its excessive precision, mixed with specialised results and the patented “wave-off” perform, permits Switchblade to reduce and even remove collateral injury.

ABOUT TACTICAL AEROVIRONMENT MISSILE SYSTEMS

AeroVironment’s tactical missile programs provide customers the power to establish threats and ship a lethal precision payload with minimal collateral injury. The Switchblade® 300 and Switchblade® 600 flaming missile programs permit the combatant to launch, fly, monitor and have interaction simply past line-of-sight targets and lightweight armored automobiles in land, sea and air situations. The Blazing Blackwing ™ Reconnaissance System is a Switchblade variant designed to offer speedy response intelligence, surveillance and reconnaissance capabilities and will be deployed from a submarine utilizing a supply cartridge submarine, ship or cell land car through a tube-launching or multipack launcher (MPL). AeroVironment’s tactical missile programs present the actionable intelligence and precision firepower wanted for mission success in a number of areas.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) offers know-how options on the intersection of robotics, sensors, software program analytics, and connectivity that ship extra actionable intelligence so you possibly can Proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a world chief in unmanned plane programs and tactical missile programs, and serves protection, authorities and business prospects. For extra info, go to www.avinc.com.

SAFE HARBOR STATEMENT

Sure statements contained on this press launch could represent “forward-looking statements” as that time period is outlined within the Personal Securities Litigation Reform Act of 1995. These statements are made based mostly on present expectations, forecasts and assumptions that contain dangers. and uncertainties, together with, however not restricted to, financial, aggressive, authorities and technological elements past our management, which can trigger our enterprise, technique or precise outcomes to vary materially from these expressed or implied. Components that might trigger precise outcomes to vary materially from forward-looking statements embrace, however aren’t restricted to, our means to execute present contracts and procure further contracts; adjustments within the regulatory atmosphere; the actions of opponents; the shortcoming of the markets by which we function to develop; the shortcoming to broaden into new markets; the shortcoming to develop new merchandise or combine new applied sciences into present merchandise; and basic financial and commerce situations in the USA and elsewhere. For an additional record and outline of those dangers and uncertainties, see our stories that we file with the Securities and Change Fee. We don’t intend and assume no obligation to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case.

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CONTACT: Makayla Thomas

AeroVironment, Inc.

+1 (805) 520-8350

[email protected] Mark Boyer

For AeroVironment, Inc.

+1 (213) 247-4109

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: DEFENSE TECHNOLOGY AEROSPACE MANUFACTURING OTHER TECHNOLOGIES OTHER DEFENSE CONTRACTS

SOURCE: AeroVironment, Inc.

Copyright Enterprise Wire 2021.

PUB: 04/22/2021 9:10 a.m. / DISC: 04/22/2021 9:10 a.m.

http://www.businesswire.com/information/residence/20210422005322/en

Copyright Enterprise Wire 2021.


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