AeroVironment Donates Over 100 Quantix Recon Unmanned Aircraft Systems to the Ministry of Defence of Ukraine and Territorial Forces

Rhea-AI Summary

AeroVironment (NASDAQ: AVAV) is donating over 100 Quantix Recon unmanned aircraft systems to the Ministry of Defence of Ukraine amid the ongoing conflict with Russia. The donation includes operational training services at no cost and will enhance the reconnaissance capabilities of the Ukrainian forces. Delivery of the initial shipment is expected this week, supporting military efforts with advanced technology designed for undetected missions and rapid intelligence gathering.

Positive

• Donation of over 100 Quantix Recon unmanned aircraft systems to Ukraine enhances military capabilities.
• Includes operational training services at no additional cost for effective use of donated systems.
• First shipment expected to be delivered this week, indicating prompt action.

Negative

• None.

• Donation is independent of other AeroVironment systems already being provided to Ukraine by the United States Government
• Donated Quantix Recon unmanned aircraft systems will ship this week with more to follow
• Operational training services for donated systems will also be provided at no cost

ARLINGTON, Va.--(BUSINESS WIRE)-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it will donate more than 100 Quantix™ Recon unmanned aircraft systems (UAS) and operational training services to the Ministry of Defence of Ukraine and territorial forces amid the ongoing war against Russia. The donation was presented to the Ambassador and the Defence Attaché at the Embassy of Ukraine by AeroVironment chairman, president and chief executive officer Wahid Nawabi during a face-to-face meeting last week.

Quantix Recon is a powerful, simple-to-use unmanned aircraft system that delivers rapid, automated reconnaissance and hands-free data collection to operators. (Image: AeroVironment, Inc.)

“As the Ukraine military’s fight to protect their homeland and defend their nation’s freedom against Russia’s invasion intensifies, their need for solutions that can offer force protection and force multiplication capabilities continues,” said Nawabi. “This donation will provide operators with a tool that can fly undetected by enemy forces and unaffected by radio frequency jammers to deliver accurate and rapid reconnaissance of remote, inaccessible areas of the dynamically changing battlefield.

“Using the actionable intelligence gathered by the Quantix Recon, operators can conduct quick mission planning and verification to help keep Ukrainian ground forces out of harm’s way. AeroVironment is honored to support the people of Ukraine,” Nawabi added.

AeroVironment’s Quantix Recon UAS is a lightweight, easily deployable, fully automated reconnaissance solution that provides on-demand actionable intelligence using high-resolution, georeferenced terrain, vegetation and infrastructure imagery. With its unique hybrid vertical takeoff and landing (VTOL) design, Quantix Recon combines the VTOL advantages of a multirotor drone with the range, speed and efficiency of a fixed-wing unmanned aircraft. Featuring fully automated flight operation, the UAS can survey up to 1.6 square kilometers (0.6 square miles), or 20 linear kilometers (12.4 miles), per 45-minute single battery flight.

Delivery of the Quantix Recon UAS is independent of other AeroVironment tactical missile systems and UAS already being provided to Ukraine by the United States Government. The first half of the donated Quantix Recon UAS shipment is expected to be delivered this week with operational training commencing immediately.

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/20220419005149/en/

AeroVironment, Inc.

Makayla Thomas

+1 (805) 520-8350

pr@avinc.com

Mark Boyer

For AeroVironment, Inc.

+1 (213) 247-4109

mark@boyersyndicate.com

Source: AeroVironment, Inc.

FAQ

What is AeroVironment donating to Ukraine?

AeroVironment is donating over 100 Quantix Recon unmanned aircraft systems to the Ministry of Defence of Ukraine.

When will the donation of Quantix Recon systems be delivered?

The first shipment of Quantix Recon systems is expected to be delivered this week.

What additional support will AeroVironment provide with the donation?

AeroVironment will provide operational training services for the donated systems at no cost.

How does the Quantix Recon system assist Ukrainian forces?

The Quantix Recon system offers undetected reconnaissance and rapid intelligence gathering capabilities to support military operations.