The Netherlands Ministry of Defence Awards AeroVironment Contract for Small Unmanned Aircraft Systems & Upgrades Valued at $1...
01 November 2016 - 12:10AM
Business Wire
- Includes upgrade of existing
AeroVironment Raven B systems to digital data link and adoption of
AeroVironment’s family of small UAS, including Puma AE and Wasp AE
systems
- Second contract from Dutch military for
AeroVironment small UAS
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned
aircraft systems (UAS) for both military and commercial
applications, today announced the receipt of a contract from the
Netherlands Ministry of Defence on October 14 for small UAS,
upgrades and support services totaling $10,321,375. Delivery is
anticipated within six months.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161031005408/en/
AeroVironment’s Family of Unmanned
Aircraft Systems includes Raven B, Puma AE and Wasp AE (Graphic:
Business Wire)
The contract encompasses AeroVironment’s entire family of fixed
wing small UAS and includes Digital Data Link (DDL) upgrades to the
Dutch forces’ existing fleet of Raven® B systems, battle-proven
Puma™ AE, Wasp® AE Micro Air Vehicle
(MAV), and Ground Control Systems (GCS), as well as comprehensive
support services.
The Netherlands procured AeroVironment Raven systems for the
first time in 2008. AeroVironment has provided support services to
the Netherlands since 2008.
“The Dutch Defence Materiel Organisation (DMO) evaluated our
extensive operational experience with the AeroVironment Raven
system against competing systems available both domestically and
internationally,” the DMO stated. “After careful deliberation and
consideration of total value, DMO decided not only to upgrade our
existing analog Raven systems with AeroVironment’s digital data
link, but also to procure the complete AeroVironment family of
fixed wing small UAS. This builds on our initial investment and
equips our forces with the most capable and reliable small UAS in
the world.”
“There is no greater statement of confidence in our company and
our products than when customers place follow-on orders with us,”
said Kirk Flittie, AeroVironment vice president and general manager
of its Unmanned Aircraft Systems business segment. “We are proud to
provide the brave members of the Dutch armed forces with small UAS
uniquely capable of helping them proceed with certainty, even in
the most uncertain conditions.”
About AeroVironment Small UAS
RQ-11B Raven®, RQ-12 Wasp®, RQ-20A and B Puma™ and Shrike VTOL™
comprise AeroVironment’s Family of Small Unmanned Aircraft Systems.
Operating with a common ground control system (GCS), this Family of
Systems provides increased capability to the warfighter that can
give 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 and provides mission services for customers
requiring only the information its small UAS produce. AeroVironment
has delivered tens of thousands of new and replacement small
unmanned air vehicles to customers within the United States and to
more than 30 international governments.
About AeroVironment
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, tactical missile systems and electric vehicle
charging and test systems, and serves militaries, government
agencies, businesses and consumers. For more information visit
www.avinc.com.
Safe Harbor Statement
This press release contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
"believe," "anticipate," "expect," "estimate," "intend," "project,"
"plan," or words or phrases with similar meaning. Forward-looking
statements are based on 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 the
forward-looking statements. Factors that could cause actual results
to differ materially from the forward-looking statements include,
but are not limited to, reliance on sales to the U.S. government;
availability of U.S. government funding for defense procurement and
R&D programs; changes in the timing and/or amount of government
spending; risks related to our international business, including
compliance with export control laws; potential need for changes in
our long-term strategy in response to future developments;
unexpected technical and marketing difficulties inherent in major
research and product development efforts; changes in the supply
and/or demand and/or prices for our products and services; the
activities of competitors and increased competition; failure of the
markets in which we operate to grow; failure to remain a market
innovator and create new market opportunities; changes in
significant operating expenses, including components and raw
materials; failure to develop new products; the extensive
regulatory requirements governing our contracts with the U.S.
government; product liability, infringement and other claims;
changes in the regulatory environment; 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.
For additional media and information, please follow us at:
Facebook: http://www.facebook.com/aerovironmentincTwitter:
http://www.twitter.com/aerovironmentYouTube:
http://www.youtube.com/user/AeroVironmentIncGoogle+:
https://plus.google.com/100557642515390130818/posts
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161031005408/en/
AeroVironment, Inc.Steven Gitlin, +1 (626)
357-9983pr@avinc.comorFor AeroVironment, Inc.Mark Boyer, +1 (310)
229-5956mark@boyersyndicate.com
AeroVironment (NASDAQ:AVAV)
Historical Stock Chart
From Apr 2024 to May 2024
AeroVironment (NASDAQ:AVAV)
Historical Stock Chart
From May 2023 to May 2024