AeroVironment, Inc.
Oct 3, 2016

United States Army Awards AeroVironment $22.8 Million Contract for Lethal Miniature Aerial Missile Systems (LMAMS) and Support Services

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  ...

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."

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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.

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AeroVironment, Inc.
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For AeroVironment, Inc.
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Source: AeroVironment, Inc.

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