AVAV AeroVironment Inc.

AeroVironment Participates in Contract Signing Ceremony for Australian Defence Force Wasp AE Package

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both military and commercial applications, today participated in a signing ceremony here for the formal execution of contracts (first announced June 1, 2017) to deliver Wasp® AE unmanned aircraft systems (UAS) to the Australian Defence Force (ADF) over a three-year period commencing July 1, 2018.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170725005868/en/

AeroVironment Wasp® AE Unmanned Aircraft System Selected by ADF (Image Courtesy of Australian Defenc ...

AeroVironment Wasp® AE Unmanned Aircraft System Selected by ADF (Image Courtesy of Australian Defence Force)

AeroVironment is working closely with Australian partners XTEK, General Dynamics Mediaware and Sentient Vision to provide Wasp AE, a proven capability in service with militaries around the world, which will then be modified with Australian content to meet both ADF and Australia industry needs. XTEK and AeroVironment will provide local maintenance, training and field support to serve the immediate needs of ADF while expanding AeroVironment’s global support capabilities.

“This contract to supply Wasp AE small UAV systems to support the Australian Defence Force is the result of 10 years of work with XTEK and the Commonwealth, including thorough operational testing, bringing small UAS compatible with the US operations to Australia, and adding capabilities from Australian companies,” said David Sharpin, vice-president of AeroVironment's Tactical Unmanned Aircraft Systems (UAS) business unit. “This collaboration reflects the unwavering commitment of all four companies and the ADF to support and protect the dedicated members of the Australian armed forces with the best UAS capabilities available in the world today – to help them proceed with certainty and ensure successful missions.”

Sharpin said this contract is another indication of AeroVironment’s growing global footprint. AeroVironment now counts more than 40 allied countries as customers for its family of small UAS, including Wasp® AE, Raven®, Puma™ AE and support services.

At only 2.8 pounds, AeroVironment’s Wasp AE is packed with powerful features, such as superior imagery, increased endurance, encrypted video and ease of use, that are inherent in all AeroVironment UAS solutions. Launched by hand and capable of landing on the ground or in fresh or salt water, the Wasp AE’s portability and flexibility make it ideal for infantry, littoral and maritime reconnaissance operations anyplace in the world.

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.

For additional media and information, please follow us at:

Facebook: http://www.facebook.com/aerovironmentinc

Twitter: http://www.twitter.com/aerovironment

LinkedIn: https://www.linkedin.com/company/aerovironment

YouTube: http://www.youtube.com/user/AeroVironmentInc

Google+: https://plus.google.com/100557642515390130818/posts

EN
25/07/2017

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