United States Army Awards $12 Million Contract for AeroVironment Wasp AE Small Unmanned Aircraft Systems on Behalf of United

  United States Army Awards $12 Million Contract for AeroVironment Wasp AE
  Small Unmanned Aircraft Systems on Behalf of United States Marine Corps

  *Largest order to date for newest AeroVironment small unmanned aircraft
    system
  *Provides upgraded capabilities to lowest echelon of Marine Corps

Business Wire

MONROVIA, Calif. -- January 23, 2013

AeroVironment, Inc. (NASDAQ: AVAV) today announced that NAVAIR’s Program
Office for Navy & Marine Corps Small Tactical Unmanned Aircraft Systems
(PMA-263), working collaboratively with the United States Army’s Counter-IED
Program Office, awarded a contract on Sept. 21, 2012 for AeroVironment Wasp^®
AE small unmanned aircraft systems, initial spares packages, training
services, and one year of contractor logistics support. The PMA / Army team
worked jointly to award the contract to PAR^® Government Systems Corporation,
which in turn secured the systems and services from AeroVironment for a total
value of $12,032,430. Delivery was scheduled to occur within four months of
contract award.

An operator launches an AeroVironment Wasp AE small unmanned aircraft system.
The United States Mari ...

An operator launches an AeroVironment Wasp AE small unmanned aircraft system.
The United States Marine Corps adds the 2.8 pound Wasp AE system to its
toolkit with a $12 million order. (Photo: Business Wire)

“We introduced the Wasp AE in May of 2012 with the expectation that multiple
customers would find its capabilities very compelling,” said Roy Minson,
AeroVironment senior vice president and general manager of its Unmanned
Aircraft Systems business segment. “These contracts supporting the United
States Marine Corps expand the adoption of Wasp AE beyond the Air Force, and
support our view that this highly capable successor to the proven Wasp III
system will help our customers operate more safely and effectively.”

Wasp AE incorporates the smallest of AeroVironment’s Mantis™ suite of
miniature gimbaled payloads, the 275 gram Mantis i22 AE, giving operators both
color and infrared video imagery from a single sensor package. Weighing 2.8
pounds (1.3 kilograms), the Wasp AE air vehicle is designed for ground and
water landing, making it suitable for both land and maritime missions, and is
capable of 20 percent greater flight duration than the Wasp III.

AeroVironment Small UAS

RQ-11B Raven^®, Wasp AE, RQ-20A Puma™ and Shrike™ VTOL comprise
AeroVironment’s Family of Small Unmanned Aircraft Systems. Operating with a
common ground control system (GCS), this Family of Systems™ provides increased
capability to the warfighter that can give ground commanders the option of
selecting the appropriate aircraft based on the type of mission to be
performed. This increased capability has the potential to provide significant
force protection and force multiplication benefits to small tactical units and
security personnel. AeroVironment™ provides logistics services worldwide to
ensure a consistently high level of operational readiness and provides mission
services for customers requiring only the information its small UAS produce.
AeroVironment has delivered thousands of new and replacement small unmanned
air vehicles to United States government customers and to more than 20
international governments.

The Qube™ small UAS is tailored to law enforcement, first response and other
public safety missions. Small enough to fit easily in the trunk of a car, the
Qube system can be unpacked, assembled and ready for flight in less than five
minutes, giving the operator a rapidly deployable eye in the sky at a fraction
of the cost of manned aircraft and large unmanned aircraft. In addition to
public safety missions, AeroVironment’s family of small UAS can also perform
missions supporting border security, wildlife and environmental monitoring,
infrastructure management, scientific research and agriculture management.

About AeroVironment

AeroVironment is a technology solutions provider that designs, develops,
produces, supports and operates an advanced portfolio of Unmanned Aircraft
Systems (UAS) and electric transportation solutions. Agencies of the U.S.
Department of Defense and allied military services use the company’s
electric-powered, hand-launched unmanned aircraft systems extensively to
provide situational awareness to tactical operating units through real-time,
airborne reconnaissance, surveillance and communication. Multiple government
agencies have helped to fund the development and demonstration of Global
Observer^®, a hybrid-electric, stratospheric UAS designed to provide
affordable, persistent reconnaissance and communication over any location on
the globe. Switchblade™ is a loitering munition designed to provide a rapid,
lethal, pinpoint precision strike capability with minimal collateral damage.
AeroVironment’s electric transportation solutions include a comprehensive
suite of electric vehicle (EV) charging systems, installation and network
services for consumers, automakers, utilities and government agencies, power
cycling and test systems for EV developers and industrial electric vehicle
charging systems for commercial fleets. More information about AeroVironment
is available at 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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Contact:

AeroVironment, Inc.
Steven Gitlin
+1 (626) 357-9983
pr@avinc.com
or
Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
mark@boyersyndicate.com
 
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