U.S. military awards third and final $ 11.7 million contract option to AeroVironment for Raven radio frequency modifications under existing FCS contract
Single Source Flight Control Systems (FCS) Final Contract Option of the Army’s Multi-Year Small Unmanned Aircraft Systems Contract
The total final contract value is $ 54,632,776
The U.S. military has the largest fleet of Raven tactical unmanned aircraft systems in the world
ARLINGTON, Virginia, October 6, 2021– (COMMERCIAL THREAD) –AeroVironment, Inc. (NASDAQ: AVAV), a global leader in multi-domain intelligent robotic systems, today announced that the United States military has exercised the third and final option in the area of ââflight control systems (FCS) for Army Small Multi-Year Unmanned Aircraft Systems (UAS) contract September 9, 2021. Option contract value is $ 11,731,740 and includes flight control system kits, control stations ground and tail beams for the existing fleet of the Army of CrowÂ® Tactical UAS. Delivery is scheduled for September 2022.
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The Raven system is designed for low-altitude intelligence, surveillance and reconnaissance missions that depend on rapid deployment and precise maneuverability. (Photo: AeroVironment, Inc.)
The contract option was exercised under the Army FCS domain awarded to AeroVironment in June 2019 and announced in November 2019 – the first of six areas comprising the SUAS contract of indefinite delivery, army five-year indefinite quantity (IDIQ) – bringing the total final value of the contract to $ 54,632,776.
âThe Raven system was created to provide front-line forces with real-time, accurate horizon situational awareness in areas of conflict; a capability that was not available when it was created, âsaid Trace Stevenson, vice president and general product line. small UAS manager. “Today, Raven is the world’s most widely deployed unmanned aircraft system and continues to serve as a modern tool for customers to gain superiority on the battlefield.”
The Raven system is designed for rapid deployment and high mobility for operations requiring low-level intelligence, surveillance and reconnaissance (ISR). With a 4.5-foot wingspan and a weight of just 4.2 pounds (1.9 kilograms), the manually-launched Raven provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers). Raven’s Mantis i23 EO / IR gimbal payload delivers real-time video or infrared images to ground control and remote viewing stations.
AeroVironment’s family of tactical UASs comprises the majority of all unmanned aircraft in the US Department of Defense (DoD) inventory, and its rapidly growing international customer base includes more than 50 Allied governments. To learn more, visit www.avinc.com.
ABOUT UNPILOT AIRCRAFT SOLUTIONS AEROVIRONMENT
AeroVironment’s intelligent and multi-domain robotic systems portfolio includes small footprint, runway independent unmanned aircraft systems (UAS). These solutions offer increased multi-mission capabilities with the ability to select the appropriate aircraft depending on the type of mission to be performed. These capabilities have the potential to provide significant force protection and multiplication benefits to small tactical units and security personnel, as well as increased security, scalability and cost savings for commercial operators. With the addition of Crysalis â¢ Next-generation ground control solution, command and control of compatible UASs and their payloads are streamlined through an intuitive user experience and battlefield communication and collaboration is enhanced by allowing users to share easily real-time information and coordinate critical decisions. AeroVironment provides turnkey ISR and support services around the world to ensure a consistently high level of mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned aerial vehicles to customers in the United States and to more than 50 Allied governments. For more information visit https://www.avinc.com/uas.
ABOUT AEROVIRONNEMENT, 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 enterprise customers. For more information visit www.avinc.com.
SAFE PORT DECLARATION
Certain statements contained 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 based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, government and technological factors beyond our control, which 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 forward-looking statements include, but are not limited to, our ability to execute existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; the failure of the markets in which we operate to grow; the inability to expand into new markets; the inability to develop new products or integrate new technologies into existing products; and general economic and trade conditions in the United States and elsewhere. For a further list and description of these risks and uncertainties, see our reports with the Securities and Exchange Commission. We do not intend and assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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