AeroVironment Receives $7.8 Million Order for Raven Unmanned Aircraft System Digital Module Upgrade Kits

AVRaven

MONROVIA, Calif., Jan. 31, 2011 — AeroVironment, Inc.(AV) (NASDAQ:AVAV) announced that it received a firm fixed-price order valued at $7,800,003 under an existing contract with the U.S. Army on January 25, 2011. The order comprises 919digital module upgrade kits for the U.S. Marine Corps. The upgrade kits allow digital Raven unmanned aircraft systems (UAS)to operate using a different frequency band than provided by the stock configuration. Funding for this order was appropriated for RQ-11B Raven system procurement in the 2010 Department of Defense Appropriations Act, which was signed into law in December 2009. Work is scheduled to be completed by April 30, 2011.

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