AeroVironment Awarded $2.6 Million Contract From U.S. Ally to Enhance Existing Puma™ Fleet With Puma LE Capabilities, Plus Existing Fleet Support |
Contract includes spares to support customers existing fleet of tactical unmanned aircraft systems UAS and adoption of Puma LE Long Endurance Puma LE provides Group 2 features in a Group 1 footprint 55-hour endurance and persistent data with increased time on station in an economical two-case mission packout Customer is one of more than 45 allied governments employing AeroVironments innovative family of tactical UAS SIMI VALLEY Calif at vSOFIC May 12 2020 AeroVironment Inc NASDAQ AVAV a global leader in unmanned aircraft systems UAS today announced that a US ally and longtime customer awarded the company a firm-fixed-price contract valued at 2 685 057 on February 20 2020 for AeroVironments recently introduced Puma LE The order also included spares to support the customers existing fleet of AeroVironment tactical UAS The contract award period of performance is one year Puma LE is the newest member of our combat-proven family of tactical unmanned aircraft systems said Rick Pedigo vice president of sales and business development for AeroVironment Puma LE provides customers with Group 2 UAS endurance capabilities nearly doubling the time on station of Puma 3 with cost savings and the footprint of a Group 1 unmanned aircraft The AeroVironment Puma LE weighs only 225 pounds 104 kilograms is launchable by hand or bungee and provides a dedicated secondary payload bay in addition to its Mantis i45 gimbaled EO IR sensor On-board batteries provide 55 hours of flight endurance with an operational range of 372 miles 60 kilometers when used with AeroVironments Long-Range Tracking Antenna LRTA Puma LEs economical dual-case mission pack contains everything needed to perform two complete 55-hour missions with a single aircraft and Ground Control System GCS Puma LE utilizes plug and play interoperable line-replaceable unit LRU components that can be shared with other Puma AE aircraft AeroVironments family of tactical UAS comprises the majority of all unmanned aircraft in the US Department of Defense DoD inventory and its rapidly growing international customer base numbers more than 45 allied governments Learn more about Puma LE by attending a virtual product presentation at vSOFIC https wwwsoficorg vsofic Tuesday May 12th at 1 PM EST in the AeroVironment Industry Showcase About AeroVironment Tactical UAS The RQ-20A B Puma Puma LE RQ-11B Raven RQ-12A Wasp together with the VAPOR Helicopter comprise AeroVironments 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 AV 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 wwwavinccom 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 Additional AV News click here AV Media Gallery click here Contact AeroVironment Inc Steven Gitlin 1 805 520-8350 pr avinccom Mark Boyer For AeroVironment Inc 1 310 229-5956 mark boyersyndicatecom