AV Announces Second Delivery Order on $990 Million Contract with U.S. Army
AeroVironment (AV) has secured a second delivery order worth $55.3 million for Switchblade® loitering munition systems under the U.S. Army's Directed Requirement for Lethal Unmanned Systems. This order is part of a larger 5-year IDIQ contract with a ceiling value of $990 million announced in August 2024.
The Switchblade system represents next-generation extended-range loitering munition technology, offering multi-mission capabilities and multi-domain operations. The combat-proven system features high-precision optics and extended loitering endurance. AV confirms their expanded production capability and streamlined supply chain are supporting rapid fielding and support for the U.S. Army.
AeroVironment (AV) ha ottenuto un secondo ordine di consegna del valore di 55,3 milioni di dollari per i sistemi di munizioni vaganti Switchblade® nell’ambito della Direttiva dell'Esercito degli Stati Uniti per i Sistemi Unmanned Letali. Questo ordine fa parte di un contratto IDIQ di 5 anni con un valore massimo di 990 milioni di dollari, annunciato ad agosto 2024.
Il sistema Switchblade rappresenta una tecnologia di munizionamento vagante di nuova generazione con un raggio d'azione esteso, offrendo capacità multi-missione e operazioni multi-dominio. Il sistema, collaudato in combattimento, presenta ottiche ad alta precisione e una notevole durata in volo. AV conferma che la loro capacità produttiva ampliata e una catena di approvvigionamento semplificata supportano il rapido dispiegamento e il supporto per l'Esercito degli Stati Uniti.
AeroVironment (AV) ha asegurado un segundo pedido de entrega por valor de 55,3 millones de dólares para los sistemas de municiones merodeadoras Switchblade® bajo el Requerimiento Dirigido del Ejército de EE.UU. para Sistemas No Tripulados Letales. Este pedido es parte de un contrato IDIQ de 5 años con un valor máximo de 990 millones de dólares anunciado en agosto de 2024.
El sistema Switchblade representa tecnología de municiones merodeadoras de próxima generación con un alcance extendido, ofreciendo capacidades de múltiples misiones y operaciones en múltiples dominios. El sistema, probado en combate, cuenta con ópticas de alta precisión y una larga duración en vuelo. AV confirma que su capacidad de producción ampliada y su cadena de suministro optimizada están apoyando el rápido despliegue y apoyo para el Ejército de EE.UU.
AeroVironment (AV)는 미 육군의 치명적인 무인 시스템에 대한 지시 요구 사항에 따라 Switchblade® 망비 시스템에 대한 두 번째 배송 주문을 5,530만 달러에 확보했습니다. 이 주문은 2024년 8월에 발표된 9억 9천만 달러의 상한 가치를 가진 5년 IDIQ 계약의 일환입니다.
Switchblade 시스템은 차세대 장거리 망비 기술을 나타내며, 다중 임무 능력과 다중 영역 작전을 제공합니다. 전투에서 검증된 이 시스템은 고정밀 광학 장비와 연장된 대기 지속 시간을 갖추고 있습니다. AV는 확대된 생산 능력과 간소화된 공급망이 미 육군의 신속한 배치와 지원을 지원하고 있음을 확인합니다.
AeroVironment (AV) a obtenu une seconde commande de livraison d'une valeur de 55,3 millions de dollars pour les systèmes de munitions en vol Switchblade® dans le cadre des exigences directes de l'Armée américaine pour les Systèmes sans pilote létaux. Cette commande fait partie d'un contrat IDIQ de 5 ans avec une valeur plafond de 990 millions de dollars annoncé en août 2024.
Le système Switchblade représente une technologie de munitions en vol de nouvelle génération, offrant des capacités multi-missions et des opérations multi-domaines. Ce système, éprouvé en combat, dispose d'optiques de haute précision et d'une endurance prolongée en vol. AV confirme que leur capacité de production élargie et leur chaîne d'approvisionnement rationalisée soutiennent le déploiement rapide et le soutien à l'Armée américaine.
AeroVironment (AV) hat einen zweiten Lieferauftrag im Wert von 55,3 Millionen US-Dollar für die Switchblade®-Loitering Munition Systeme im Rahmen der vom US-Armee vorgegebenen Anforderungen für lethale unbemannte Systeme gesichert. Dieser Auftrag ist Teil eines größeren 5-jährigen IDIQ-Vertrags mit einem Maximalwert von 990 Millionen US-Dollar, der im August 2024 angekündigt wurde.
Das Switchblade-System repräsentiert die Technologie von Loitering Munition der nächsten Generation und bietet Multi-Mission-Fähigkeiten und Multi-Domain-Operationen. Das im Kampf erprobte System verfügt über hochpräzise Optik und eine verlängerte Aufenthaltsdauer. AV bestätigt, dass ihre erweiterte Produktionskapazität und die optimierte Lieferkette das schnelle Bereitstellen und die Unterstützung der US-Armee unterstützen.
- Secured $55.3 million delivery order from U.S. Army
- Part of larger $990 million IDIQ contract
- Demonstrates continued execution on major defense contract
- Confirms expanded production capabilities and streamlined supply chain
- None.
Insights
The
The timing is particularly strategic given the current global defense landscape and increasing demand for autonomous weapons systems. AVAV's enhanced production capacity and supply chain optimization demonstrate operational maturity, which is critical for maintaining consistent delivery schedules on large military contracts. The multi-year IDIQ structure provides revenue visibility through 2029, significantly de-risking the company's future cash flows.
Looking at the broader market implications, this order positions AVAV favorably against competitors like Raytheon and Lockheed Martin in the loitering munitions segment. The
The Switchblade system represents a significant technological advancement in loitering munition capabilities. Its multi-mission profile and extended loitering endurance address critical operational requirements for modern warfare scenarios. The system's high-precision optics and proven combat performance make it particularly valuable for asymmetric warfare and precision strike missions.
The U.S. Army's continued investment through this delivery order indicates strong battlefield effectiveness and operator satisfaction. The multi-domain operations capability is especially relevant as military doctrine evolves toward integrated deterrence and distributed operations concepts. For investors, this translates to sustained demand and potential for international sales as allied nations seek similar capabilities.
Switchblade represents the next generation of extended-range loitering munition systems. Photo: AeroVironment
“AV is proud to continue deliveries for this monumental contract ensuring the
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.
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
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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 definitize and execute contracts on favorable terms and 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
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MEDIA CONTACT
Rene’ Bardorf
AeroVironment
+1.703.418.2828
pr@avinc.com
Source: AeroVironment, Inc.
FAQ
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