US Army awards USD3.4m contract to AeroVironment

AeroVironment, Inc. (NASDAQ: AVAV) said it has received a contract from the United States Army totaling USD3.4 million for RQ-11B Raven® unmanned aircraft systems (UAS) to supply the Spanish Ministry of Defense via the Foreign Military Sales (FMS) program.

Raven is designed for rapid deployment and high mobility for military applications requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet and weighing 4.2 pounds, the hand-launched Raven provides aerial observation, day or night, at line-of-sight ranges up to approximately 6.2 miles (10 kilometers).

“As the global leader in the design and manufacture of small unmanned aircraft systems, AeroVironment continues to set the standard for delivering increasingly valuable capabilities in some of the most challenging conditions and places in the world,” said Kirk Flittie, AeroVironment vice president and general manager of the company´s Unmanned Aircraft Systems business segment. “All US armed services and more than thirty global allied forces rely on our unmanned aircraft systems to gain rapid intelligence, surveillance and reconnaissance for information superiority in today´s hot zones.”

To date, AeroVironment has delivered more than 25,000 new and replacement small unmanned aerial vehicles to customers worldwide.

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. The company´s electric-powered, hand-launched unmanned aircraft systems generate and process data to deliver powerful insight, on-demand, to people engaged in military, public safety and commercial activities around the world. Global Observer® is a hybrid-electric, stratospheric UAS designed to provide affordable, persistent reconnaissance and communication over any location on the globe.