-
Funding approved through Joint Urgent Operational Needs Statement,
reflecting high priority requirement and strong pull from the frontline
-
AeroVironment will deliver its Switchblade Block 10C through this
contract to meet urgent requirement
-
AeroVironment provides full system capability, including Switchblade
systems, operator training, support and logistics
WASHINGTON--(BUSINESS WIRE)--
Association of the United States Army Annual Meeting and Exposition
- AeroVironment,
Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems
for both military and commercial applications, today announced the
United States Army Close Combat Weapons Systems Project Office has
awarded the company a contract for Block 10C Switchblade™ Lethal
Miniature Aerial Missile Systems (LMAMS) and support services valued at
$22,776,812 through a Joint Urgent Operational Needs Statement. Delivery
is anticipated within 12 months.
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AeroVironment Receives $22.8 million contract for Switchblade Loitering Missile Systems and Support (Photo: Business Wire)
First deployed by United States forces in 2011, the AeroVironment
Switchblade provides warfighters with force protection and precision
strike capabilities up to ten kilometers from its launch location, with
minimal to no collateral damage and wave-off capability. Block 10C
Switchblade, introduced by AeroVironment in May 2016, incorporates
improvements based on feedback from users, including encrypted digital
communications.
"Switchblade is a mature system, in production, that delivers unmatched
force protection and precision strike capabilities to American forces,"
said Kirk Flittie, AeroVironment vice president and general manager of
its Unmanned Aircraft Systems business segment. "Soldier-portable and
lightweight, Switchblade is a uniquely powerful LMAMS solution for
complex combat environments. AeroVironment stands ready, with a proven
product, supply chain and production system, to respond rapidly to this
and future requirements."
Visit AeroVironment at the AUSA Annual Meeting and Expo from October 3 -
5th:
-
Booth #2339
-
Walter E. Washington Convention Center, Washington DC.
About AeroVironment Tactical Missile Systems
Switchblade forms the basis of AeroVironment's emerging family of Tactical
Missile Systems. Switchblade is a rapid launch, high
precision, force protection loitering missile that minimizes collateral
damage. Designed initially for dismounted infantry operations,
Switchblade spawned a number of variants in development for new
customers and new applications.
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, tactical
missile systems and electric vehicle charging and test systems, and
serves militaries, government agencies, businesses and consumers. For
more information, visit www.avinc.com.
Safe Harbor Statement
This press release contains "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any statement
that may predict, forecast, indicate or imply future results,
performance or achievements, and may contain words such as "believe,"
"anticipate," "expect," "estimate," "intend," "project," "plan," or
words or phrases with similar meaning. Forward-looking statements are
based on current expectations, forecasts and assumptions that involve
risks and uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of our
control, that may cause our business, strategy or actual results to
differ materially from the forward-looking statements. Factors that
could cause actual results to differ materially from the forward-looking
statements include, but are not limited to, reliance on sales to the
U.S. government; availability of U.S. government funding for defense
procurement and R&D programs; changes in the timing and/or amount of
government spending; risks related to our international business,
including compliance with export control laws; potential need for
changes in our long-term strategy in response to future developments;
unexpected technical and marketing difficulties inherent in major
research and product development efforts; changes in the supply and/or
demand and/or prices for our products and services; the activities of
competitors and increased competition; failure of the markets in which
we operate to grow; failure to remain a market innovator and create new
market opportunities; changes in significant operating expenses,
including components and raw materials; failure to develop new products;
the extensive regulatory requirements governing our contracts with the
U.S. government; product liability, infringement and other claims;
changes in the regulatory environment; and general economic and business
conditions in the United States and elsewhere in the world. For a
further list and description of such risks and uncertainties, see the
reports we file with the Securities and Exchange Commission. We do not
intend, and undertake no obligation, to update any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161003005581/en/
AeroVironment, Inc.
Steven Gitlin, +1-626-357-9983
pr@avinc.com
or
For
AeroVironment, Inc.
Mark Boyer, +1-310-229-5956
mark@boyersyndicate.com
Source: AeroVironment, Inc.
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