Seven Allied Nations to Acquire AeroVironment Raven Unmanned Aircraft Systems in $18.5M U.S. Army Foreign Military Sales Awards

AeroVironment, Inc. (NASDAQ: AVAV) today announced it has been awarded a firm-fixed-price contract from the United States Army totaling $18,485,495 to supply initial RQ-11B Raven® unmanned aircraft systems (UAS), spare parts and contractor logistics services to seven allied nations through the Foreign Military Sales (FMS) program. The AeroVironment Raven is the most widely used unmanned aircraft system in the world today. It is designed for rapid deployment and high mobility for 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). "Allied forces around the globe are increasingly relying on AeroVironment as the go-to source for small UAS that deliver powerful insight, on demand for valuable, real-time situational awareness – whenever and wherever needed," said Kirk Flittie, AeroVironment vice president and general manager of its Unmanned Aircraft Systems business segment. "Our systems help military personnel and enterprises operate more safely and effectively in some of the most challenging conditions and places on earth."