AV Secures $288 Million Delivery Order on $990 Million Contract with U.S. Army
February 03, 2025
ARLINGTON, Va., February 03, 2025 – AeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, today announced it has been awarded its third delivery order for Switchblade® loitering munition systems in the amount of $288 million as part of U.S. Army’s Directed Requirement (DR) for Lethal Unmanned Systems (LUS). This is the third award in the last 12 months, totaling $471.3 millions. This award is the third such delivery order awarded to AV as part of the multi-year contract with a ceiling value of $990M, which was secured in August 2024.
“AV is honored to continue fulfilling this important contract providing the U.S. Army with exceptional and reliable loitering munition solutions,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “We continue to deliver for the U.S. Army with our superior supply chain and manufacturing capacity.”
Switchblade represents the next generation of extended-range loitering munition systems, providing operators in the field with a multi-mission loitering munition system capable of multi-domain operations. The combat-proven system also features high-precision optics and extended loitering endurance.
About AeroVironment, Inc. (AV)
AV (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance.
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.
Additional AV News: click here
AV Media Gallery: click here
Contact:
AeroVironment+1.703.418.2828
.(JavaScript must be enabled to view this email address)