Key Developments: AeroVironment Inc (AVAV.O)

AVAV.O on Nasdaq

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10 Jul 2014
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Latest Key Developments (Source: Significant Developments)

AeroVironment Inc Receives $13.5 Million Order from United States Army for RQ-11B Raven Small Unmanned Aircraft Systems and Gimbaled Payloads
Wednesday, 14 Aug 2013 09:10am EDT 

AeroVironment Inc 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 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.  Full Article

Dynamatic Technologies Ltd And AeroVironment Inc Sign Teaming Agreement For Unmanned Aerial Vehicles
Wednesday, 14 Aug 2013 05:50am EDT 

Dynamatic Technologies Ltd and AeroVironment Inc announced that they have signed a Teaming Agreement to address the growing global demand for Unmanned Aircraft Systems. The agreement provides for the manufacture of UAVs in India, which will enable Dynamatic and AeroVironment to work together on a number of business opportunities for potential customers including the Ministry of Defence and the Ministry of Home Affairs.  Full Article

AeroVironment Inc Issues FY 2014 Guidance In Line With Analysts' Estimates
Tuesday, 25 Jun 2013 04:10pm EDT 

AeroVironment Inc announced that for fiscal 2014, it expects to generate revenue of $230 million to $250 million, and earnings per share (EPS) from operations of $0.35 to $0.50 on a fully diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $245 million and EPS of $0.47 for fiscal 2014.  Full Article

AeroVironment Inc Lowers FY 2013 Guidance
Tuesday, 5 Mar 2013 04:10pm EST 

AeroVironment Inc announced that for fiscal 2013, the Company is reducing its guidance to reflect anticipated full year revenue of $230 million to $250 million, and earnings per share (EPS) of $0.30 to $0.50 on a fully diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $353 million and EPS of $1.45 for fiscal 2013.  Full Article

AeroVironment Inc Secures Contract For AeroVironment Wasp AE Small Unmanned Aircraft Systems
Wednesday, 23 Jan 2013 09:10am EST 

AeroVironment Inc announced that NAVAIR's Program Office for Navy & Marine Corps Small Tactical Unmanned Aircraft Systems (PMA-263), working collaboratively with the United States Army's Counter-IED Program Office, awarded a contract on September 21, 2012 for AeroVironment Wasp AE small unmanned aircraft systems, initial spares packages, training services, and one year of contractor logistics support. The PMA / Army team worked jointly to award the contract to PAR Government Systems Corporation, which in turn secured the systems and services from AeroVironment for a total value of $12,032,430. Delivery was scheduled to occur within four months of contract award.  Full Article

AeroVironment Inc Secures Contract From United States Army
Tuesday, 8 Jan 2013 09:10am EST 

AeroVironment Inc announced that the United States Army has selected it and four other companies to compete for future small UAS requirements under a new Firm Fixed-Price Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $248 million maximum value. The contract will enable the continued procurement of AeroVironment's RQ-11B Raven and RQ-20A Puma AE systems as well as competing medium- and long-range small unmanned aircraft systems.  Full Article

AeroVironment Inc Reaffirms FY 2013 Guidance
Tuesday, 4 Dec 2012 04:10pm EST 

AeroVironment Inc announced that for fiscal 2013, it expects to generate revenue of $348 million to $370 million, and earnings per share (EPS) of $1.41 to $1.51 on a fully diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $354 million and EPS of $1.44 for fiscal 2013.  Full Article

CybAero AB and AeroVironment Inc Enter Cooperation on Tier II Vertical Takeoff and Landing Unmanned Aircraft System-DJ
Monday, 3 Dec 2012 09:10am EST 

Dow Jones reported that CybAero AB and AeroVironment Inc entered into a strategic relationship to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United States customers and to government customers in NATO and other countries. AeroVironment has agreed to purchase up to USD 3 million in convertible notes from CybAero to facilitate the Company's growth.  Full Article

AeroVironment Inc Reaffirms FY 2013 Guidance
Wednesday, 5 Sep 2012 04:10pm EDT 

AeroVironment Inc announced that for fiscal 2013, it expects to generate revenue of $348 million to $370 million, and earnings per share (EPS) of $1.41 to $1.51 on a fully diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $354 million and EPS of $1.45 for fiscal 2013.  Full Article

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