AeroVironment Receives $13.8 Million Order from United States Army for RQ-11B Raven Small Unmanned Aircraft Systems, Gimbaled

  AeroVironment Receives $13.8 Million Order from United States Army for
  RQ-11B Raven Small Unmanned Aircraft Systems, Gimbaled Payloads

  *Third order received since May 2012 for total of $46.1 million against
    projected $65.5 million contract action
  *Procurement represents continued progress toward U.S. Army’s acquisition
    objective for Raven systems

Business Wire

MONROVIA, Calif. -- April 10, 2013

AeroVironment, Inc. (NASDAQ:AVAV) today announced it received $13,800,062 of
incremental funding on March 30, 2013 from the United States Army for
continued performance of a contract action with a not to exceed value of
$65,538,759. The order includes RQ-11B Raven systems, new miniature gimbaled
payloads and initial spares packages, and is funded from the Army’s fiscal
2012 procurement budget. Delivery of systems, spares and payloads is scheduled
for completion by July 25, 2013.

AeroVironment's Raven Gimbaled unmanned aircraft system (Photo: Business Wire)

AeroVironment's Raven Gimbaled unmanned aircraft system (Photo: Business Wire)

“The proven Raven small unmanned aircraft system continues to serve our
soldiers reliably, wherever and whenever they require immediate airborne
situational awareness,” said Roy Minson, AeroVironment senior vice president
and general manager, Unmanned Aircraft Systems. “Like all our customers, the
Army’s needs continue to evolve, and we continue to deliver enhanced solutions
to ensure that our troops maintain their battlefield advantage. The Mantis
suite of gimbaled payloads is the latest example of a valuable capability
enhancement to protect those who protect us.”

The RQ-11B Raven unmanned aircraft system is a 4.5-pound, backpackable,
hand-launched sensor platform that provides day and night, real-time video
imagery wirelessly to a portable ground control station for "over the hill"
and "around the corner" reconnaissance, surveillance and target acquisition in
support of tactical units. U.S. armed forces use Raven systems extensively for
missions such as base security, route reconnaissance, mission planning and
force protection. Each Raven system typically consists of three aircraft, two
ground control stations and spares.

About AeroVironment’s Family of 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 customers within the United States and to more than a dozen
international governments.

The Qube™ small UAS is tailored to search and rescue, first response, law
enforcement 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.

About AeroVironment, Inc.

AeroVironment is a technology solutions provider that designs, develops,
produces, operates and supports 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 data
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