Drone

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, announced today the receipt of a fixed-price contract award valued at $5,962,494 from NSPA on August 20, 2018. The contract award encompasses the procurement of Raven™ unmanned aircraft systems equipped with Mantis i23 sensors and pocket Remote Video Terminals (p/RVT) for the Portuguese Army, with delivery scheduled over a three-year period.

“AeroVironment’s Raven unmanned aircraft system, equipped with our Mantis i23 gimbaled sensor suite and pocket Remote Video Terminal, packs significant capabilities into a portable, man-packable platform for operations in austere environments around the globe,” said Kirk Flittie, vice president and general manager of AeroVironment’s Unmanned Aircraft Systems business. “Our small UAS deliver valuable situational awareness directly to frontline warfighters at a fraction of the procurement and lifecycle cost of larger UAS. The Raven system will provide the Portuguese Army with rapid and effective force protection as well as interoperability capabilities with NATO forces, supporting coalition mission integration.”

With the Family of Systems (FoS) concept, customers can add other AeroVironment small UAS to augment their capabilities while utilizing the same ground control station and software for added simplicity and efficiency, providing for interoperability across NATO forces. The Portuguese Army’s adoption of the Raven system represents the 18th of 29 NATO member nations to adopt AeroVironment’s family of small UAS.

About AeroVironment Small UAS

RQ-11B Raven®, RQ-12 Wasp®, RQ-20B Puma™ comprise AeroVironment’s Family of Small Unmanned Aircraft Systems. Operating with a common ground control system (GCS), this Family of Systems provides increased capability to the warfighter that can give 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 and provides mission services for customers requiring only the information its small UAS produce. AeroVironment has delivered tens of thousands of new and replacement small unmanned air vehicles to customers within the United States and to more than 45 allied nations.

About AeroVironment

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.

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