Profile: AeroVironment Inc (AVAV.OQ)
24 May 2019
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 the Unmanned Aircraft Systems (UAS) segment, 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. 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.
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.
900 Innovators Way
SIMI VALLEY CA 93065