AeroVironment Receives $46.2 Million Order for Raven Unmanned Aircraft Systems and Digital Retrofit Kits

AVRaven2

MONROVIA, Calif., December 28, 2010 — AeroVironment, Inc.(AV) (NASDAQ:AVAV) announced today that it received an order valued at $46,226,984 under an existing contract with the U.S. Army. The order comprises 123 new digital RavenĀ®small unmanned aircraft systems (UAS) and initial spares packages as well as 186 digital retrofit kits for the U.S. Marine Corps. The order also includes 339 digital retrofit kits for the U.S. Army. The Raven system and retrofit order represents the remainder of the funds appropriated for RQ-11B Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009.

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