AeroVironment and Eurocopter to Evaluate Potential Joint Opportunities for Expanding their Product Portfolios, Markets and

  AeroVironment and Eurocopter to Evaluate Potential Joint Opportunities for
  Expanding their Product Portfolios, Markets and Capabilities

  *Companies to explore creating new capabilities, expanding into new markets
  *Combining expertise and skills to meet future needs of respective
    customers

AUSA 2013

Business Wire

WASHINGTON -- October 23, 2013

AeroVironment, Inc. (NASDAQ: AVAV), the world’s highest volume manufacturer of
unmanned aircraft systems (UAS), and Eurocopter, the leading global helicopter
manufacturer, today announced at the Association of the United States Army
annual meeting that they have signed a cooperative agreement to explore
opportunities for expanding their respective military and commercial product
portfolios.

“The combination of AeroVironment’s market leading unmanned technology and
unique knowledge with Eurocopter’s world-class helicopter and systems
expertise makes a formidable team,” said Roy Minson, senior vice president and
general manager of AeroVironment’s Unmanned Aircraft Systems business segment.
“This cooperative agreement creates the opportunity for both companies to
explore expanding into new markets and developing new capabilities to meet
future customer needs.”

“AeroVironment’s extensive operational UAS experience in delivering to
end-users reliable solutions working effectively in harsh operating
environments makes us uniquely positioned to understand customers’
requirements and to determine future market trends,” said Clive Schley,
Eurocopter’s senior vice president, strategy and company development. “This
cooperation will be particularly valuable as Eurocopter defines its unmanned
product strategy, building on the success of our first unmanned flights with
the EC145 helicopter this year.”

AeroVironment developed the first hand-launched unmanned aircraft for military
surveillance in 1987. Since that time, the company has won every U.S.
Department of Defense competition for small UAS programs of record, and has
delivered more than 20,000 new and replacement small unmanned air vehicles to
customers within the United States and to more than 20 international
governments. The company has also integrated its secure Digital Data Link
communications architecture into air, sea and land vehicles, including manned
and unmanned airplanes and helicopters, to enable control of its UAS from
those platforms and provide access to the information they produce.

Eurocopter offers the most comprehensive civil and military helicopter range
in the world, with more than 11,780 rotorcraft in service across 148
countries. Overall, Eurocopter helicopters account for 33 percent of the
worldwide civil and parapublic fleet.

The company’s expertise in system development and integration is applied
across its current helicopter products to ensure their mission flexibility and
operational effectiveness, with additional advances being developed for the
next generation of rotorcraft that will provide new levels of performance and
efficiency.

Eurocopter’s ability to integrate unmanned flight capabilities into its
helicopter family was validated this year by an optionally piloted vehicle
(OPV) demonstration program, which used an unmanned EC145 to fly routes that
included deployment of an external sling load and a representative observation
mission.

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.

About Eurocopter

Established in 1992, the Franco-German-Spanish Eurocopter Group is a division
of EADS, a world leader in aerospace and defense-related services. The
Eurocopter Group employs approximately 22,000 people. In 2012, Eurocopter
confirmed its position as the world’s No. 1 helicopter manufacturer with a
turnover of 6.3 billion Euros, orders for 469 new helicopters and a 38 percent
market share in the civil and parapublic sectors. Overall, the Group’s
helicopters account for 33 percent of the worldwide civil and parapublic
fleet. Eurocopter’s strong international presence is ensured by its
subsidiaries and participations in 21 countries. Eurocopter’s worldwide
network of service centers, training facilities, distributors and certified
agents supports more than 2,900 customers. There are currently more than
11,780 Eurocopter helicopters in service in 148 countries. Eurocopter offers
the most comprehensive civil and military helicopter range in the world and is
fully committed to safety as the most important aspect of its business. More
information about Eurocopter is available at www.eurocopter.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.

Contact:

AeroVironment, Inc.
Steven Gitlin
+1 (626) 357-9983
pr@avinc.com
or
Mark Boyer
+1 (310) 229-5956
mark@boyersyndicate.com
or
Eurocopter
Stéphane Chéry
Tel: + 33 (0) 4 42 85 60 51
Mob: + 33 (0) 6 23 93 71 23
stephane.chery@eurocopter.com