United States

Profile: AeroVironment Inc (AVAV.O)

AVAV.O on Nasdaq

21 Oct 2016
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AeroVironment, Inc., incorporated on June 27, 2006, designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems. The Company supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD), including the United States Army, Marine Corps, Special Operations Command and Air Force. The Company also supplies charging systems and services for electric vehicles (EVs), and power cycling and test systems to commercial, consumer and government customers. The Company's core technological capabilities include lightweight aerostructures; power electronics; electric propulsion systems; electric power generation, conversion and storage systems; high-density energy packaging; miniaturization; digital data links (DDL); aircraft sensors; controls integration, and systems integration and engineering optimization, hybrid propulsion, vertical takeoff fixed wing flight and autonomy.

Unmanned Aircraft Systems

The Company's small UAS products include Raven, Wasp AE, Puma AE and Shrike. In commercial applications, the Company operates its small UAS as part of a turnkey information solution to deliver analysis and prescriptive actions. Its small UAS wirelessly transmit live video and other information generated by their payload of electro-optical, infrared or other sensors directly to a hand-held ground control unit, enabling the operator to view and capture images, during the day or at night, on the control unit. The Company's ground control systems enable the operator to control the aircraft by programming it for global positioning system (GPS)-based autonomous navigation using operator-designated way-points or by manual flight operation. The Company's commercial information services, consisting of operators, sensors, cloud-based data processing and application-specific analysis, provide its customers with information regarding their infrastructure, such as pipelines, roads and bridges, and also provide companies with agriculture operations with information regarding their crops. Its small UAS offering also includes spare equipment, alternative payload modules, batteries, chargers, repair services and customer support. Each system in its small UAS portfolio typically includes multiple aircraft, its interoperable hand-held ground control system and a range of spare parts and accessories.

The Company also offers the Qube, an UAS for law enforcement, search and rescue and fire department personnel. Based on the Shrike platform, the Qube includes a touch screen interface to control the system and view the information produced by the air vehicle's onboard sensors. Its DDL enables each air vehicle to operate as an Internet-protocol addressable hub capable of routing and relaying video, voice and data to and from various other nodes on the ad hoc network. Through UAS Logistics Services, the Company offers a range of services for the operation of its products by its customers. The Company provides spare parts, as well as repair, refurbishment and replacement services. The Company provides training services to support all of its small UAS. Through UAS Contract Engineering Services, the Company provides contract engineering services in support of customer-funded research and development projects, delivering technology solutions to its customers. The Company offers Switchblade, a tactical missile system.

The Company competes with Elbit Systems Ltd., L-3 Communications Holdings, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Qinetiq Group PLC, Aurora Flight Sciences Corporation, General Dynamics Corporation, EADS N.V., Ball Corporation, Orbital Sciences Corporation, Textron Inc. and Raytheon Company.

Efficient Energy Systems

The Company's EES segment provides solutions for developing, manufacturing and charging EVs. The EES business segment primarily produces electric transportation and industrial productivity solutions for commercial, consumer and government customers, develops electric transportation solutions and performs contract engineering services. The Company's solutions include electric vehicle charging systems, services and related solutions for plug-in passenger and fleet vehicles, PosiCharge industrial electric vehicle charging systems for electric material handling vehicles and airport ground support equipment, and power cycling and test systems for developers and manufacturers of EVs, as well as battery packs, electric motors and fuel cells. It offers an integrated solution designed to enable the adoption and the use of passenger electric vehicles (PEVs) and hybrid electric vehicles (HEVs). The Company offers TurboCord portable dual voltage level 2 charging cords, overnight home chargers, public chargers, public chargers, installation services, data collection systems and communications through multiple wired and wireless data communications options.

The Company provides installation and repair services for its passenger and fleet electric vehicle charging systems. The Company identifies, qualifies, selects, trains, certifies and monitors the performance of the contractors, and equips them with tools and Web-based information systems for the installation and support of its charging systems. The Company also supplies and installs charging systems that possess the ability to connect wirelessly with a Web-accessible, centralized database for two-way communication and asset management. The Company's PosiCharge industrial electric vehicle charging systems recharge industrial electric vehicle batteries while the batteries remain in the vehicle during regularly scheduled breaks and at other times when the vehicle is not in use. The Company also supplies a range of power cycling and test systems to research and development organizations that focus on electric propulsion systems, electric generation systems and electricity storage systems. Customers use the systems to test batteries, electric motors, electric and hybrid drivetrains, and fuel cell systems. The Company also offers software control options through the C language Remote Operation System and Windows-based languages, such as LabVIEW or CAN.

The Company competes with ChargePoint, Inc., ClipperCreek, Inc., Bosch Automotive Service Solutions LLC, Delta Electronics, Inc., Eaton Corporation, General Electric Company, Leviton Manufacturing Co., Inc., Schneider Electric SA, The ABB Group, Siemens AG, Aker Wade Power Technologies LLC, Minit-Charger, PowerDesigners, LLC, Bitrode Corporation and Digatron Power Electronics.

Company Address

AeroVironment Inc

800 Royal Oaks Dr Ste 210
MONROVIA   CA   91016-6347
P: +1626.3579983
F: +1626.3599628

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