Key Developments: AeroVironment Inc (AVAV.O)

AVAV.O on Nasdaq

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24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

AeroVironment Inc Secures $2.3 Million DARPA Concept Definition Contract For TERN Medium Altitude Long Endurance Unmanned Aircraft System Program
Monday, 4 Nov 2013 09:10am EST 

AeroVironment, Inc announced that it has been selected by the Defense Advanced Research Projects Agency (DARPA) to provide its unmanned aircraft systems (UAS) toward the development of a new category of this technology. AeroVironment will work as the prime contractor with DARPA on the Tactically Exploited Reconnaissance Node (TERN) Program to develop a medium-altitude, long-endurance (MALE) UAS designed to operate from small ships to provide persistent intelligence, surveillance, and reconnaissance (ISR) capabilities. Sierra Nevada Corporation will subcontract to AeroVironment on the project, which is valued at $2.3 million.  Full Article

EADS NV's Eurocopter and AeroVironment Inc Sign Cooperative Agreement
Wednesday, 23 Oct 2013 08:00pm EDT 

EADS NV's Eurocopter and AeroVironment Inc announced that they have signed a cooperative agreement to explore opportunities for expanding their respective military and commercial product portfolios.  Full Article

AeroVironment Inc Receives $20 Million U.S. Army Order For RQ-11B Raven Unmanned Aircraft System Gimbaled Sensor Payloads
Wednesday, 2 Oct 2013 09:13am EDT 

AeroVironment Inc 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 integrated UAS, such as Raven, was selected as the result of a competitive bid. 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.  Full Article

AeroVironment Inc Secures $36.7 Million In New Orders For Switchblade Tactical Missile Systems
Monday, 9 Sep 2013 03:34pm EDT 

AeroVironment Inc announced it has received orders valued at $36,746,304 under a contract for Switchblade tactical missile systems, ancillary equipment and support. The United States Army Close Combat Weapons Systems Program Executive Office Missiles and Space (PEO MS) awarded these contract modifications. AeroVironment and its strategic teammate for advanced warheads, ATK, will work together to produce and deliver the systems.  Full Article

AeroVironment Inc Receives $15.8 Million in Orders Under a United States Army Contract for Switchblade Tactical Missile Systems
Wednesday, 28 Aug 2013 09:10am EDT 

AeroVironment Inc announced that it has received a total of $15.8 million in orders under a contract for Switchblade tactical missile systems, ancillary equipment and support. The United States Army Close Combat Weapons Systems Program Executive Office Missiles and Space (PEO MS) awarded these contract options. AeroVironment and its strategic teammate for advanced warheads, ATK, will continue to work together to produce and deliver the systems. The initial contract was issued on August 30, 2012 in support of the Army`s Rapid Equipping Force (REF).  Full Article

AeroVironment Inc Reaffirms FY 2014 Guidance
Tuesday, 27 Aug 2013 04:10pm EDT 

AeroVironment Inc announced that for fiscal 2014, the Company expects to generate revenue of $230 million to $250 million, and earnings per share 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 $233 million and EPS of $0.40 for fiscal 2014.  Full Article

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

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