First Puma system order for Air Force
Adds to RQ-11B Raven and Wasp small unmanned aircraft systems (UAS)
procured by Air Force
MONROVIA, Calif.--(BUSINESS WIRE)--
(NASDAQ: AVAV) announced it received a firm fixed-price order valued at
$2,431,440 on April 5, 2012 from the U.S. Air Force for Puma AE™ small
unmanned aircraft systems (UAS) through an existing U.S. Army contract.
Delivery is scheduled within two weeks.
Puma AE Launch (Photo: Business Wire)
"More military services are choosing the Puma system because its longer
duration and more precise imagery deliver enhanced organic
reconnaissance," said Tom Herring, AeroVironment senior vice president
and general manager of Unmanned Aircraft Systems. "The Air Force already
employs our RQ-11B Raven and Wasp small unmanned aircraft systems. With
the Puma small UAS they will have a more comprehensive set of
capabilities for force protection and force multiplication, anywhere and
at any time."
The United States Special Operations Command (USSOCOM) selected the Puma
UAS in 2008 for its AECV program after a full and open competition, the
fourth U.S. Department of Defense competition for programs of record
involving small UAS and the fourth such competition won by
AeroVironment. In 2011 the United States Army assumed management of the
AECV program. Each Puma system consists of three air vehicles and two
ground control systems. The air vehicle carries an integrated
electro-optical and infrared gimbaled video camera, is designed for
enhanced survivability in land and maritime environments, and can
operate effectively in foul weather and over rugged terrain. Its quiet
operation, stabilized imagery and precision landing capability make Puma
systems easy to operate and recover. The Puma air vehicle weighs 13
pounds, is battery powered and has a flight endurance of two hours.
About AeroVironment's Small UAS
VTOL™ 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's UAS
logistics operation supports systems deployed worldwide to ensure a
consistently high level of operational readiness. AeroVironment has
delivered thousands of new and replacement small unmanned air vehicles.
International purchasers of AeroVironment's small UAS include the armed
forces of Italy, Denmark, the Netherlands, Spain, France, Norway, the
Czech Republic, Thailand and Australia.
small UAS is tailored to law enforcement, first response and other
public safety missions. Small enough to fit easily in the trunk of a
car, the Qube system can be unpacked, assembled and ready for flight in
less than five minutes, giving the operator a rapidly deployable eye in
the sky at a fraction of the cost of manned aircraft and large unmanned
About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces, supports and operates an advanced portfolio of Unmanned
Aircraft Systems (UAS) and electric transportation solutions.
Agencies of the U.S. Department of Defense and allied military services
use the company's electric-powered, hand-launched
unmanned aircraft systems extensively to provide situational
awareness to tactical operating units through real-time, airborne
reconnaissance, surveillance and communication. Multiple government
agencies have helped to fund the development and demonstration of Global
Observer®, a hybrid-electric,
stratospheric UAS designed to provide affordable, persistent
reconnaissance and communication over any location on the globe. Switchblade™
is a loitering munition designed to provide a rapid, lethal, pinpoint
precision strike capability with minimal collateral damage.
AeroVironment's electric transportation solutions include a
comprehensive suite of electric
vehicle (EV) charging systems, installation and data services for
consumers, automakers, utilities and government agencies, power
cycling and test systems for EV developers and industrial
electric vehicle charging systems for commercial fleets. More
information about AeroVironment is available at www.avinc.com.
Safe Harbor Statement
Certain statements 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 on the basis of 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
those expressed or implied. Factors that could cause actual results to
differ materially from the forward-looking statements include, but are
not limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment; the
activities of competitors; failure of the markets in which we operate to
grow; failure to expand into new markets; failure to develop new
products or integrate new technology with current products; 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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Source: AeroVironment, Inc.
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