AeroVironment, Inc. (NASDAQ: AVAV) today announced it received three firm fixed-price orders from the United States Army totaling $27,178,075 for RQ-11B Raven® and RQ-20A Puma AE™ unmanned aircraft systems (UAS) spare parts. The company received two orders on August 29, 2014 and one on September 18, 2014. Delivery is anticipated within 12 months.
The latest orders increase the total value of orders for Raven and Puma AE UAS spare parts and Raven upgrades received since May 2014 to $77.6 million.
“Recapitalizing the Army’s large fleet of Raven and Puma AE systems ensures that soldiers have the most effective and reliable small UAS available to support them, wherever and whenever required,” said Roy Minson, senior vice president and general manager of AeroVironment’s UAS business segment. “With AeroVironment-original spare parts and upgrades, operators can continue to rely on our combat-proven solutions to deliver better information, on-demand, and help them operate more safely and effectively.”
Source: AeroVironment, Inc.
Date: Oct 1, 2014