Back to news

June 12, 2020 | International, Aerospace

AeroVironment Receives $9.8 Million Raven and Puma 3 AE Awards from NATO Support and Procurement Agency under Multi-Year Contract with $80 Million Potential Value

June 10, 2020 - AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of two firm-fixed-price orders totaling $9,804,448 from the NATO Support and Procurement Agency (NSPA).

The orders, received on March 5, 2020 and April 16, 2020, encompass the procurement of Raven® and Puma™3 AE tactical UAS and spares. Delivery for the first order is anticipated by August 2020 and the second order by October 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200610005372/en/

The orders are part of a three-year base contract received from NSPA in January 2020. The contract includes an option for two additional years of logistics support for Raven, Wasp® and Puma tactical UAS. The total potential value of the multi-year contract is $80 million, encompassing the procurement and sustainment of AeroVironment tactical unmanned aircraft systems employed by the defense forces of several NATO countries.

“AeroVironment's tactical unmanned aircraft systems, such as Raven and Puma, have helped transform the way U.S. and allied forces plan, train, equip and operate,” said Rick Pedigo, vice president of sales and business development at AeroVironment. “Both systems benefit from continuous technology improvements and pack significant capabilities into portable, man-packable platforms that provide operators with rapid and effective force protection.”

AeroVironment's Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude intelligence, surveillance and reconnaissance. With a wingspan of 4.5 feet (1.4 meters) and weighing just 4.2 pounds (1.9 kilograms), the hand-launched Raven provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers). The Raven's Mantis i23 EO/IR gimbaled payload delivers real-time video or infrared imagery to ground control and remote viewing stations.

The AeroVironment Puma 3 AE is a fully man-portable unmanned aircraft system designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and can operate for up to 2.5 hours at a range of up to 12.4 miles (20 kilometers) with a standard antenna, and up to 37.2 miles (60 kilometers) with AeroVironment's Long-Range Tracking Antenna (LRTA). Capable of landing in water or on land, the all-environment Puma, with its Mantis i45 EO/IR sensor suite, empowers the operator with extended flight time and a level of imaging capability never before available in the tactical UAS class.

AeroVironment's family of tactical UAS use a common ground control station and software, allowing for improved interoperability and decreased training and logistics costs for NATO forces. To learn more, visit www.avinc.com.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, together with the VAPOR® Helicopter comprise AeroVironment's family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives 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. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to more than 45 allied governments.

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government, and commercial customers. For more information visit www.avinc.com.

About NATO Support and Procurement Agency (NSPA)

The NATO Support and Procurement Agency (NSPA) brings together in a single organization, acquisition, logistic, medical and infrastructural capabilities, operational and systems support and services to the NATO nations, NATO Military Authorities and partner nations. As NATO's primary enabler, the Agency's mission is to provide effective and cost-efficient multinational solutions to its stakeholders. NSPA is a customer-funded agency, operating on a "no profit - no loss" basis. It is headquartered in the Grand Duchy of Luxembourg, with main operational centers in France, Hungary and Italy. For more information visit www.nspa.nato.int

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.

For additional media and information, please follow us at:

Facebook: https://www.facebook.com/aerovironmentinc/
Twitter: https://twitter.com/aerovironment
LinkedIn: https://www.linkedin.com/company/aerovironment
YouTube: http://www.youtube.com/user/AeroVironmentInc
Instagram: https://www.instagram.com/aerovironmentinc/

View source version on businesswire.com: https://www.businesswire.com/news/home/20200610005372/en/

On the same subject

  • Next phase of Next Generation Jammer Mid-Band awarded

    January 29, 2020 | International, C4ISR

    Next phase of Next Generation Jammer Mid-Band awarded

    El Segundo, Calif., January 28, 2020 /PRNewswire/ - Raytheon Company (NYSE: RTN) was awarded a $403M System Demonstration Test Articles contract with the U.S. Navy for Next Generation Jammer Mid-Band. The SDTA pods will be delivered to the fleet once developmental and operational testing is complete. "These test assets will be used to show NGJ-MB is ready for operation," said Dan Theisen, director at Raytheon Electronic Warfare Systems. "We're at the stage where testing is essential. The test program is on target to meet Initial Operating Capability in 2022." NGJ-MB provides significantly improved radar and communication jamming performance and capacity, as well as improved reliability and maintainability, for EA-18G Growler crews. Commanders will use NGJ-MB to deny, degrade and deceive the enemy's use of the electromagnetic spectrum through advanced jamming techniques. Raytheon delivered the first NGJ-MB pod to the U.S. Navy for testing in July of 2019. About Raytheon Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter. Raytheon Company Space and Airborne Systems McKinney, Texas Media Contact Dana Carroll +1.310.647.4352 saspr@raytheon.com View original content to download multimedia:http://www.prnewswire.com/news-releases/next-phase-of-next-generation-jammer-mid-band-awarded-300994130.html

  • US to remove obstacles to defence, high-tech trade with India - NSA Sullivan

    June 13, 2023 | International, Other Defence

    US to remove obstacles to defence, high-tech trade with India - NSA Sullivan

    The United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defence and high technology, U.S. National Security Advisor Jake Sullivan said on Tuesday.

  • $21B for defense reportedly included in COVID aid proposal

    July 24, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    $21B for defense reportedly included in COVID aid proposal

    By: Joe Gould WASHINGTON ― The White House and Senate Republicans are nearing an agreement on a $1 trillion-plus economic rescue proposal that would also seek $21 billion for defense, according to a draft obtained by the New York Times on Thursday. The emerging GOP proposal would include $11 billion in payments to contractors under the Section 3610 of the Coronavirus Aid, Relief and Economic Security Act, which allowed firms serving the federal government to seek reimbursement for pandemic-related expenses. However, amid reports of internal divisions―over the defense money and other aspects―Republicans delayed the rollout to at least next week. Defense trade associations, along with dozens of industry executives, have conducted a vocal lobbying effort across government to secure the money as they grapple with the economic damage wrought by the coronavirus pandemic. It was unclear from the draft document — essentially a list of priorities and amounts — what the remainder of the defense funding would be for. The line item in the draft read only: “$20 billion — Defense total ($11 billion of which is for 3610 payments to contractors.” The funding follows $10.5 billion the Pentagon previously received under the CARES Act. The emerging proposal would include another round of stimulus payments to individuals, additional aid to small businesses and a partial extension of enhanced unemployment benefits, according to a summary circulating on Capitol Hill that was obtained by the New York Times. The defense portion would be a boon to the Pentagon and its suppliers, but it's by no means a done deal. The White House and Senate Republicans, which took months to draft the proposal, faced more delays this week over internal disagreements ― as well as coming negotiations with Democrats, who have sought as much as $3.5 trillion for coronavirus relief. Treasury Secretary Steven Mnuchin, meeting with Senate Majority Leader Mitch McConnell, R-Ky., and White House chief of staff Mark Meadows, told reporters that staff are working to finalize text of the agreement, which was expected to be released as a group of bills instead of one piece of legislation. Underscoring the difficulties, House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., on Thursday rejected the GOP's “piecemeal” approach, saying the proposal fell “very short.” It omits Democratic priorities like food assistance, aid to prevent evictions, hazard pay for essential workers, and aid to states and communities, they said. Since officials with the Department of Defense have called for defense reimbursements in the low double-digit billions, warning that they would otherwise have to raid modernization and readiness accounts for the funding, some analysts have predicted Congress would address the need. “We expect the Senate's version of the next COVID-19 relief package to include money for Section 3610 impacts and related cost impacts,” Roman Schweizer of the Cowen Group wrote Thursday in a note to investors. “We think this money will be small compared to the total cost of the bill (~$1T+) and will be included in the final bill. This will be positive for defense [firms] and allow DoD to protect investment accounts. We expect a lengthy, complicated process for cost recovery.” In a Senate floor speech earlier in the week, Senate Armed Services Committee Chairman Jim Inhofe said Congress ought to follow through on Section 3610 with appropriations, or risk delays and cost overruns in weapons programs as well as attrition in the defense industry's workforce. “Defense industrial companies have done a great job in ensuring that their suppliers — primarily thousands of small businesses — stay open and keep their employees paid,” said Inhofe, R-Okla. “In the CARES Act, we gave DoD the authority and the tools to reimburse these companies to keep the defense workforce strong. But the DoD needs money to use these tools.” https://www.defensenews.com/congress/2020/07/23/21b-for-defense-in-draft-covid-aid-proposal-report/

All news