AVInc

Analyst Coverage

Firm Analyst
BB&T Capital Markets   Michael Lewis
Boenning & Scattergood, Inc.   Michael Ciarmoli
Broadpoint Amtech   Peter Arment
Dougherty & Co.   Jeff Evanson
Friedman, Billings, Ramsey & Co., Inc. (FBR)   Patrick McCarthy
Goldman Sachs   Noah Poponak
Jefferies & Company, Inc.   John Croke, Howard Rubel
Morgan Keegan & Co.   Brian Ruttenbur
Pacific Crest Securities   Erik Olbeter
Raymond James   Brian Gesuale
Sidoti & Company   Tyler Hojo
Stephens Inc.   Tim Quillin
Stifel, Nicolaus   Troy Lahr
SunTrust Robinson Humphrey   Chris Donaghey

AeroVironment, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding AeroVironment, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of AeroVironment, Inc. or its management. AeroVironment, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.