The Netherlands Ministry of Defence Awards AeroVironment Contract for Small Unmanned Aircraft Systems and Upgrades Valued at $10.3 Million

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.

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.

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“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.

Source: AeroVironment, Inc.
Date: Oct 31, 2016