AeroVironment Receives $20 Million U.S. Army Order for RQ-11B Raven Unmanned Aircraft System Gimbaled Sensor Payloads

  AeroVironment Receives $20 Million U.S. Army Order for RQ-11B Raven Unmanned
  Aircraft System Gimbaled Sensor Payloads

  *Competitive award provides for continued upgrading of U.S. Army Raven®
    unmanned aircraft systems
  *Order coincides with the upcoming 10th anniversary of the first Raven
    delivery to the U.S. Army

Business Wire

MONROVIA, Calif. -- October 2, 2013

AeroVironment, Inc. (NASDAQ:AVAV) today announced it has received an order
from the U.S. Army for the company’s Mantis™ i23 gimbaled sensor payloads to
continue upgrading the Army’s fleet of RQ-11B Raven unmanned aircraft systems
(UAS). AeroVironment, which develops and produces advanced upgrades for its
highly integrated UAS, such as Raven, was selected as the result of a
competitive bid.

AeroVironment's RQ-11B Raven Small Unmanned Aircraft Systems (UAS) and
Gimbaled Sensor Payload (Phot ...

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

The multi-axis pan, tilt and zoom sensor payload enhances the capability of
RQ-11B Raven UAS operated by the U.S. Army. U.S. government fiscal 2013
appropriations provided funding for the $19,984,999 order under an indefinite
delivery/indefinite quantity (ID/IQ) contract awarded in December 2012, and
delivery is scheduled within 12 months.

“Since delivering the first Raven system to the Army nearly ten years ago, we
have remained relentlessly focused on ensuring that our customers have the
most capable, reliable and effective tactical UAS available,” said Roy Minson,
AeroVironment senior vice president and general manager of the company’s UAS
business segment. “The Army’s Raven system, with AeroVironment’s rugged
gimbaled sensor payload and the recent digital data link upgrade of its entire
fleet, is a modern tool for gaining superiority on the battlefield.”

The U.S. Department of Defense reports there are currently more than 5,000
Raven air vehicles in the field, making it the most prolific unmanned aircraft
system in its fleet. Raven systems have helped save countless lives in
high-risk operating environments, and they continue to help protect U.S.
troops and a growing number of allied military forces.

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; our reliance
on sales to the U.S. government; changes in the timing and/or amount of
government spending; changes in the supply and/or demand and/or prices for our
products and services; 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, including our most recent Annual Report on
Form 10-K and Quarterly Reports on 10-Q. 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
 
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