AVAV AeroVironment Inc.

AV Unveils New AI Capability and Autonomy Kit for Unmanned Systems

AeroVironment (AV) has introduced its Autonomy Retrofit Kit (ARK) and AVACORE software demonstrating the company’s commitment to advancing autonomy and machine learning capabilities to increase effectiveness of autonomous systems and reduce operator burdens. ARK and AVACORE bring AV’s accelerated autonomy to fielded assets such as and , in addition to future autonomous systems.

This press release features multimedia. View the full release here:

AV's ARK and AVACORE bring accelerated autonomy to unmanned aircraft systems such as AV's Puma 3 AE and Puma LE (Photo: Business Wire)

AV's ARK and AVACORE bring accelerated autonomy to unmanned aircraft systems such as AV's Puma 3 AE and Puma LE (Photo: Business Wire)

ARK is a quick-connect payload introducing a new suite of intelligent mission capabilities for Group 1+ unmanned aircraft systems (UAS). Providing edge computing for mission-critical applications, ARK enables operators to task a single or multi-vehicle team with mission objectives for fully autonomous execution while operating in communications-contested environments. ARK also intelligently integrates with distributed groups of dismounted units in a Mobile Ad Hoc Network (MANET) using the Android Team Awareness Kit (ATAK).

AVACORE is AV’s autonomy software providing an open framework for unmanned systems. It features a modular set of interfaces such as autopilots, radios and sensors, and supports rapid integration with new platforms and applications. ARK also comes preinstalled with SPOTR-Edge, AV’s computer vision software, for onboard detection, classification, localization, and tracking of operationally relevant objects including people, vehicles, aircraft, and maritime vessels, day or night.

“ARK and AVACORE provide enhanced capabilities and critical advantages to warfighters on complex battlefields,” said AV’s Senior Vice President of MacCready Works, Jeff Rodrian. “This payload combines AV’s unparalleled autonomy and field-proven computer vision SPOTR-Edge to accelerate awareness and mission success.”

Though the combination of autonomy and computer vision, ARK and AVACORE allow operators to select a wide variety of single or multi-agent capabilities including multi-region search, track and follow and more. The introduction of these systems builds upon AV’s proven and trusted family of autonomous systems, bringing a scalable, adaptable AI toolset to fielded and new assets for safer, smarter mission capabilities.

“AVACORE features an intuitive behavior tree approach allowing flexibility for rapid development and adoption of new autonomous missions,” continued Rodrian. “This results in smarter systems with reduced cognitive load for warfighters.”

to request additional information on AV’s ARK and AVACORE.

ABOUT AEROVIRONMENT

AeroVironment (NASDAQ: AVAV) is a global leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics and connectivity. Headquartered in Arlington, Virginia, AeroVironment delivers actionable intelligence so our customers can proceed with certainty. For more information, visit .

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.

EN
23/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on AeroVironment Inc.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

n this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

AV’s Cutting-Edge One-Way Attack UAS Secures DIU Backing Under Project...

ARLINGTON, Va.--(BUSINESS WIRE)-- AeroVironment (AV), the leader in defense technology, has secured a contract with the Defense Innovation Unit (DIU) to accelerate the deployment of next-generation autonomous precision munitions. As part of its strategic expansion into a new sector of the multi-billion-dollar defense market, AV has been awarded an Other Transaction Authority (OT) award by the Defense Innovation Unit (DIU) as part of Project Artemis, an initiative launched to rapidly test and operationally evaluate long-range, one-way uncrewed aircraft systems (UAS) for the Department of Defen...

 PRESS RELEASE

AeroVironment Announces Fiscal 2025 Third Quarter Results

ARLINGTON, Va.--(BUSINESS WIRE)-- (“AeroVironment” or the “Company”) reported today financial results for the fiscal third quarter ended January 25, 2025. Third Quarter Highlights: Record funded backlog of $763.5 million as of January 25, 2025 Third quarter revenue of $167.6 million down 10% year-over-year Third quarter net loss of $(1.8) million and non-GAAP adjusted EBITDA of $21.8 million “We faced a number of short-term challenges in the third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,” said Wahi...

 PRESS RELEASE

AeroVironment, Inc. to Announce Third Quarter Fiscal Year 2025 Earning...

ARLINGTON, Va.--(BUSINESS WIRE)-- (NASDAQ: AVAV) will report its financial results for the third quarter of fiscal year 2025, which ended January 25, 2025, after the market closes on Wednesday, March 4, 2025. Management will host a conference call and live audio webcast at 4:30 p.m. Eastern Time that same day to discuss the results. The call will be led by Wahid Nawabi, AeroVironment’s chairman, president, and chief executive officer; Kevin P. McDonnell, senior vice president and chief financial officer; and Jonah Teeter-Balin, vice president of corporate development and investor relations. ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch