AeroVironment Wholly-Owned Subsidiary Arcturus UAV Awarded Approximately $7 Million Task Order for U.S. Special Operations Command Mid-Endurance Unmanned Aircraft Systems Program
AeroVironment (NASDAQ: AVAV) has announced that its subsidiary, Arcturus UAV, received a competitive task order worth approximately $7 million from the U.S. Special Operations Command (USSOCOM). The contract, effective from February 3, 2021, is aimed at providing unmanned aircraft systems services for ISR operations. This task order is part of a larger $975 million IDIQ contract awarded in June 2020, allowing for further task orders. The JUMP 20, a key product, offers vertical takeoff capabilities and a range of applications in various environments.
- Awarded a competitive task order valued at $7 million from USSOCOM.
- Part of a larger potential $975 million IDIQ contract, providing opportunities for more orders.
- The JUMP 20's capabilities enhance operational flexibility and versatility.
- None.
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, today announced that its wholly-owned subsidiary Arcturus UAV, now operating under the AeroVironment brand, was awarded a competitive task order valued at approximately
With a best-in-class operational range of 185 km (115 mi) and 14+ hours of endurance, AeroVironment’s JUMP 20 is the ideal solution for multi-mission operations. (Photo: AeroVironment)
USSOCOM selected Arcturus UAV as one of six companies qualified for the potential
“Part of AeroVironment’s expanded portfolio of medium UAS, the fixed wing JUMP 20 is capable of vertical takeoff and landing, making it completely runway independent,” said Rick Pedigo, AeroVironment vice president of global sales and business development. “Runway independence maximizes the ability of customers to deploy the JUMP 20 in a broad range of locations and environments, while minimizing the logistical footprint required to operate it. JUMP 20 is also capable of hosting multiple different payload options, delivering true versatility and multi-mission capabilities to support a wide array of customer requirements.”
AeroVironment recently successfully demonstrated the JUMP 20 for the U.S. Army Future Tactical Unmanned Aircraft System (FTUAS) “Rodeo”, which took place from February 22 through March 5 at Fort Benning, Georgia.
AeroVironment previously announced the closing of the Arcturus UAV acquisition in a press release on February 22, 2021. To learn more about AeroVironment’s expanded portfolio of unmanned aircraft solutions, visit https://www.avinc.com/uas.
ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS
AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems. The JUMP 20, T-20 and Puma™ LE provide extended range, multi-payload capabilities, and the Puma™ RQ-20, Raven® RQ-11B, Wasp® RQ-12A, VAPOR® Helicopter and automated Quantix™ Recon deliver highly tactical, frontline situational awareness. These solutions deliver increased, multi-mission capabilities and 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. AeroVironment provides turnkey 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 https://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. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile 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.
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