AeroVironment Awarded $6.2 Million Puma 3 AE Unmanned Aircraft Systems Contract by United States Marine Corps

Rhea-AI Summary

AeroVironment, Inc. (NASDAQ: AVAV) announced a contract award worth $6,166,952 for its Puma 3 AE small unmanned aircraft systems (SUAS) to the U.S. Marine Corps, with delivery expected by July 2022. The Puma 3 AE provides tactical reconnaissance and surveillance for both maritime and land operations, making it essential for low-altitude intelligence missions. It is highly versatile, capable of operating in various environments, and is a dominant presence in the U.S. Department of Defense inventory, utilized by over 50 allied governments.

Positive

• Received a contract worth $6,166,952 from the U.S. Marine Corps.
• Puma 3 AE is a leading SUAS with significant market demand.
• Strong presence in the U.S. Department of Defense inventory.

Negative

• None.

• 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.--(BUSINESS WIRE)-- 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.

The Puma 3 All Environment (AE) unmanned aircraft system is rapidly deployable via hand-launch and can land in salt water, fresh water or on land. (U.S. Marine Corps photo by Cpl. Gabino Perez) Disclaimer: The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.

“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 UNMANNED AIRCRAFT SOLUTIONS

AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems (UAS). These solutions offer increased, multi-mission capabilities with the option of selecting the appropriate aircraft based on the type of mission to be performed. These capabilities have the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel, as well as greater safety, scalability and cost savings to commercial operators. With the addition of the Crysalis™ next-generation ground control solution, command and control of compatible UAS and their payloads is streamlined through an intuitive user experience, and battlefield communication and collaboration are improved by enabling users to easily share real-time information and coordinate mission-critical decisions. AeroVironment provides turnkey intelligence, surveillance and reconnaissance (ISR) and support services worldwide to ensure a consistently high level of mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned air vehicles to customers within the United States and to more than 50 allied governments. For more information, visit www.avinc.com/uas.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005245/en/

AeroVironment, Inc.

Makayla Thomas

+1 (805) 520-8350

pr@avinc.com

Mark Boyer

For AeroVironment, Inc.

+1 (310) 229-5956

mark@boyersyndicate.com

Source: AeroVironment, Inc.

FAQ

What is the recent contract awarded to AeroVironment (AVAV)?

AeroVironment was awarded a contract worth $6,166,952 for its Puma 3 AE unmanned aircraft systems.

When is the delivery expected for the Puma 3 AE contract?

Delivery for the Puma 3 AE contract is anticipated by July 2022.

Which military branch is using the Puma 3 AE systems?

The Puma 3 AE systems are being utilized by the U.S. Marine Corps.

How many governments use AeroVironment's unmanned systems?

AeroVironment's unmanned systems are used by over 50 allied governments.