AeroVironment Awarded $6.2 Million Puma 3 AE Unmanned Aircraft Systems Contract by United States Marine Corps
June 14, 2022
- Puma 3 AE unmanned aircraft system delivers immediate tactical reconnaissance, surveillance and target acquisition in day or night maritime and land-based operations
- AeroVironment’s small unmanned aircraft systems comprise the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory; deployed by more than 50 allied governments
ARLINGTON, Va., June 14, 2022 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced receipt of a $6,166,952 firm-fixed-price contract award for Puma™ 3 AE small unmanned aircraft systems (SUAS) and spares on May 3, 2022, for the U.S. Marine Corps. Delivery is anticipated to be completed in July 2022.
“Puma 3 AE has proven itself as the ideal solution for low-altitude intelligence, surveillance and reconnaissance missions in any operational environment and continues to serve as the backbone of the U.S. Marine Corps Medium Range/Medium Endurance Forces,” said Trace Stevenson, AeroVironment vice president and product line general manager for SUAS.
AeroVironment’s Puma 3 AE delivers mission critical capabilities in all environments. Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and can operate up to 37.2 miles (60 kilometers) with AeroVironment’s Long-Range Tracking Antenna (LRTA). Multi-mission capable, operators can easily swap Puma 3 AE’s payloads quickly, selecting between the Mantis™ i45 and the enhanced night variant, Mantis i45 N. Puma 3 AE is launchable by hand, bungee, rail, or vehicle, and is recoverable by deep-stall landing, providing class-leading capabilities in challenging environments around the world.
AeroVironment’s SUAS comprise the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory, and its rapidly growing international customer base numbers more than 50 allied governments, including the Ukraine. To learn more, visit www.avinc.com.
About AeroVironment, Inc. (AV)
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 www.avinc.com.
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.
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