United States Army Awards AeroVironment $22.8 Million Contract for Lethal Miniature Aerial Missile Systems (LMAMS) and Support Services
October 03, 2016
- Funding approved through Joint Urgent Operational Needs Statement, reflecting high priority requirement and strong pull from the frontline
- AeroVironment will deliver its Switchblade Block 10C through this contract to meet urgent requirement
- AeroVironment provides full system capability, including Switchblade systems, operator training, support and logistics
WASHINGTON at Association of the United States Army Annual Meeting and Exposition, Oct. 3, 2016 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both military and commercial applications, today announced the United States Army Close Combat Weapons Systems Project Office has awarded the company a contract for Block 10C Switchblade™ Lethal Miniature Aerial Missile Systems (LMAMS) and support services valued at $22,776,812 through a Joint Urgent Operational Needs Statement.Delivery is anticipated within 12 months.
First deployed by United States forces in 2011, the AeroVironment Switchblade provides warfighters with force protection and precision strike capabilities up to ten kilometers from its launch location, with minimal to no collateral damage and wave-off capability.Block 10C Switchblade, introduced by AeroVironment in May 2016, incorporates improvements based on feedback from users, including encrypted digital communications.
“Switchblade is a mature system, in production, that delivers unmatched force protection and precision strike capabilities to American forces,” said Kirk Flittie, AeroVironment vice president and general manager of its Unmanned Aircraft Systems business segment.“Soldier-portable and lightweight, Switchblade is a uniquely powerful LMAMS solution for complex combat environments.AeroVironment stands ready, with a proven product, supply chain and production system, to respond rapidly to this and future requirements.”
Visit AeroVironment at the AUSA Annual Meeting and Expo from October 3 – 5th:
- Booth #2339
- Walter E. Washington Convention Center, Washington DC.
About AeroVironment Tactical Missile Systems
Switchblade forms the basis of AeroVironment’s emerging family of Tactical Missile Systems. Switchblade is a rapid launch, high precision, force protection loitering missile that minimizes collateral damage.Designed initially for dismounted infantry operations, Switchblade spawned a number of variants in development for new customers and new applications.
About AeroVironment
AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty.Based in California, AeroVironment is a global leader in unmanned aircraft systems, tactical missile systems and electric vehicle charging and test systems, and serves militaries, government agencies, businesses and consumers. For more information visit www.avinc.com.
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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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