US Army Awards AeroVironment Contracts Totaling $47 M for RQ-11B Raven and RQ-20A Puma AE UAS Sustainment

AeroVironment, Inc. (NASDAQ: AVAV) today announced receipt since May 1, 2015 of ten orders from the United States Army totaling $47.1 million for RQ-11B Raven® and RQ-20A Puma™AE unmanned aircraft systems (UAS) sustainment. This total value includes seven orders awarded on July 23 totaling $35,196,388.

The AeroVironment Raven, the most widely used UAS in the world today, is a lightweight solution designed for rapid deployment and high mobility for military applications requiring low-altitude surveillance and reconnaissance intelligence. The AeroVironment Puma AE is a small UAS designed for land-based and maritime operations. Capable of landing in salt water or on the ground, the Puma AE empowers the operator with a level of operational flexibility never before available in the small UAS class.

“Sustaining the Army’s large fleet of Raven and Puma AE systems ensures that soldiers continue to have the most effective, reliable and adaptable small UAS available to support them wherever and whenever required,” said Kirk Flittie, vice president and general manager of AeroVironment’s UAS business segment. “These contracts assure that American soldiers can continue to rely on our combat-proven solutions to deliver powerful insight, on-demand, that helps them operate more safely and effectively.”