AV Secures $288 Million Delivery Order on $990 Million Contract with U.S. Army
AeroVironment (AVAV) has secured a $288 million delivery order for Switchblade® loitering munition systems from the U.S. Army. This marks the third delivery order under a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a ceiling value of $990 million, announced in August 2024.
The Switchblade system represents the next generation of extended-range loitering munition systems, offering multi-mission capabilities and multi-domain operations. The combat-proven system features high-precision optics and extended loitering endurance. AV emphasizes its reliable supply chain and manufacturing capacity to fulfill this important contract.
AeroVironment (AVAV) ha ottenuto un ordine di consegna di 288 milioni di dollari per i sistemi di munizioni a lungo raggio Switchblade® dall'esercito degli Stati Uniti. Questo segna il terzo ordine di consegna nell'ambito di un contratto IDIQ (Indefinite Delivery, Indefinite Quantity) di 5 anni con un valore massimo di 990 milioni di dollari, annunciato nell'agosto 2024.
Il sistema Switchblade rappresenta la prossima generazione di sistemi di munizioni a lungo raggio, offrendo capacità multi-missione e operazioni multidominio. Il sistema, dimostrato in combattimento, è dotato di ottiche ad alta precisione e di una lunga capacità di permanenza in volo. AV sottolinea la sua affidabile catena di approvvigionamento e capacità di produzione per adempiere a questo importante contratto.
AeroVironment (AVAV) ha asegurado una orden de entrega de 288 millones de dólares para los sistemas de municiones de merodeo Switchblade® del Ejército de EE. UU. Esto marca la tercera orden de entrega bajo un contrato IDIQ (Indefinite Delivery, Indefinite Quantity) de 5 años con un valor máximo de 990 millones de dólares, anunciado en agosto de 2024.
El sistema Switchblade representa la próxima generación de sistemas de municiones de merodeo de largo alcance, ofreciendo capacidades de múltiples misiones y operaciones en múltiples dominios. Este sistema, probado en combate, cuenta con ópticas de alta precisión y una prolongada duración en el aire. AV enfatiza su confiable cadena de suministro y capacidad de fabricación para cumplir con este importante contrato.
AeroVironment (AVAV)는 미국 육군의 Switchblade® 체공 유도탄 시스템에 대해 2억 8,800만 달러의 납품 주문을 확보했습니다. 이는 5년 무기한 납품, 무기한 수량 (IDIQ) 계약에 따른 세 번째 납품 주문으로, 계약의 최대 금액은 9억 9천만 달러입니다. 이 계약은 2024년 8월에 발표되었습니다.
Switchblade 시스템은 다중 임무 능력과 다영역 운영을 제공하는 차세대 장거리 체공 유도탄 시스템을 대표합니다. 전투에서 입증된 이 시스템은 고정밀 광학 장치와 연장된 체공 능력을 갖추고 있습니다. AV는 이 중요한 계약을 이행하기 위해 신뢰성 있는 공급망과 제조 능력을 강조합니다.
AeroVironment (AVAV) a obtenu une commande de livraison de 288 millions de dollars pour les systèmes de munitions volantes Switchblade® de l'armée américaine. Cela marque la troisième commande de livraison dans le cadre d'un contrat IDIQ (Indefinite Delivery, Indefinite Quantity) de 5 ans avec une valeur maximale de 990 millions de dollars, annoncée en août 2024.
Le système Switchblade représente la prochaine génération de systèmes de munitions à longue portée, offrant des capacités multi-missions et des opérations multidomaines. Ce système, prouvé au combat, est doté d'optiques de haute précision et d'une endurance prolongée. AV souligne sa chaîne d'approvisionnement fiable et sa capacité de fabrication pour remplir ce contrat important.
AeroVironment (AVAV) hat eine Lieferbestellung über 288 Millionen Dollar für die Switchblade® Systemen der US-Armee gesichert. Dies stellt die dritte Lieferbestellung im Rahmen eines 5-jährigen IDIQ (Indefinite Delivery, Indefinite Quantity) Vertrags mit einem Höchstwert von 990 Millionen Dollar dar, der im August 2024 bekannt gegeben wurde.
Das Switchblade-System repräsentiert die nächste Generation von Langstrecken-Schwebemunitionssystemen und bietet Multi-Mission-Fähigkeiten sowie multi-domain Operationen. Das im Kampf bewährte System verfügt über hochpräzise Optiken und eine verlängerte Schwebedauer. AV betont seine zuverlässige Lieferkette und Produktionskapazität, um diesen wichtigen Vertrag zu erfüllen.
- Secured major $288 million delivery order from U.S. Army
- Part of larger $990 million IDIQ contract
- Third successful delivery order demonstrates consistent contract execution
- None.
Insights
The $288 million delivery order marks a pivotal milestone for AeroVironment, representing the third major order under their $990 million IDIQ contract with the U.S. Army. This development carries significant weight for several reasons:
From a revenue perspective, this order provides substantial visibility into AV's future earnings, strengthening their backlog and supporting sustained growth. The timing and size of this third delivery order suggest accelerated contract execution, indicating potential for additional orders within the contract's 5-year timeframe.
The continued selection of Switchblade systems demonstrates AV's strong competitive moat in the loitering munition segment. Their ability to secure repeated, high-value orders validates their manufacturing capabilities and supply chain resilience - critical factors in maintaining their market leadership position.
Looking at broader implications, this order reflects several key trends:
- Increased adoption of autonomous weapon systems in modern military operations
- Growing defense budgets focused on next-generation capabilities
- Validation of AV's R&D investments in extended-range and multi-mission capabilities
The multi-domain operational capability of the Switchblade system positions AV favorably for future military requirements, while their proven delivery track record strengthens their standing for additional defense contracts. This latest order reinforces AV's position as a key supplier in the evolving defense landscape, with potential for sustained revenue growth and margin expansion through economies of scale.
Switchblade represents the next generation of extended-range loitering munition systems. (Photo: AeroVironment)
“AV is honored to continue fulfilling this important contract providing 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
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 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
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