AeroVironment Receives $13.5 Million Order from United States Army for RQ-11B Raven Small Unmanned Aircraft Systems and Gimbaled

  AeroVironment Receives $13.5 Million Order from United States Army for
  RQ-11B Raven Small Unmanned Aircraft Systems and Gimbaled Payloads

  *Fourth and final order received for fiscal 2012 contract with total value
    of $59.6 million
  *AeroVironment’s Mantis™ gimbaled sensor payloads dramatically improve
    troops’ capabilities as integrated element of Raven unmanned aircraft
    system

Unmanned Systems 2013

Business Wire

MONROVIA, Calif. -- August 14, 2013

AeroVironment, Inc. (NASDAQ:AVAV) today announced that on August 13, 2013 the
company received a $13,487,240 order from the United States Army. The order –
the final portion of a contract valued at $59.6 million – includes RQ-11B
Raven unmanned aircraft systems (UAS), 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
September 15, 2013.

AeroVironment's RQ-11B Raven Small Unmanned Aircraft Systems (UAS) and
Gimbaled Payload (Photo: Busi ...

AeroVironment's RQ-11B Raven Small Unmanned Aircraft Systems (UAS) and
Gimbaled Payload (Photo: Business Wire)

AeroVironment received three prior orders against this contract in May 2012,
August 2012 and March 2013 for $15.8 million, $16.5 million and $13.8 million,
respectively. The total actual value of the contract is $59.6 million,
compared to its initial projected “not to exceed” value of $65.9 million.

“AeroVironment developed and deployed the Raven system quickly and effectively
to support our military forces in a dynamic threat environment,” said Roy
Minson, AeroVironment senior vice president and general manager, Unmanned
Aircraft Systems. “As a result, the Raven, along with Puma and Wasp, make up
the large majority of the Pentagon’s unmanned aircraft fleet. Importantly,
however, because of the low cost and efficiency of our solutions, our small
unmanned aircraft accounted for less than five percent of total reported
United States Department of Defense UAS spending since 2004. We deliver highly
effective solutions that improve capabilities for the warfighter at low cost
to the U.S. taxpayer.”

Minson added, “In addition to serving United States warfighters, we have also
expanded our small UAS to 24 international military forces. Looking ahead,
AeroVironment continues to focus on innovation and post-sale support to ensure
that our customers maintain their battlefield advantage.”

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. Raven systems now come equipped with
AeroVironment’s fully stabilized Mantis™ gimbaled payload, incorporating
electro-optical and infrared video sensors and a laser illuminator. 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®, RQ-12 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 twenty
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 tactical missile system 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
For AeroVironment, Inc.
Mark Boyer, +1 (310) 229-5956
mark@boyersyndicate.com