AeroVironment Awarded $26 Million Switchblade 600 Tactical Missile Systems Contract by U.S. Special Operations Command
April 27 2021 - 8:10AM
Business Wire
- Switchblade 600 features high-precision optics, more than 40
minutes of loitering endurance and an anti-armor warhead for
engaging and prosecuting hardened static and moving light armored
vehicles
- Integration of Switchblade 600 into maritime platforms enables
precision engagements against naval and littoral threats and
greater deployment flexibility
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned
aircraft systems (UAS), today announced it was awarded a
cost-plus-fixed-fee contract on March 31, 2021 by the United States
Special Operations Command (USSOCOM) for $26,120,810 with
$7,159,036 funded upon receipt. The contract includes delivery and
integration of Switchblade® 600 tactical missile systems into
specialized maritime platforms, scheduled to be completed by
January 2023.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210427005125/en/
Switchblade 600 is an extended-range
loitering missile system capable of multi-domain operations.
(Photo: AeroVironment, Inc.)
“Our team worked closely with our customers to develop
Switchblade 600, a loitering missile system that addresses the
increasingly complex needs and mission requirements of
counterinsurgency operations and those against peer and near-peer
adversaries,” said Brett Hush, AeroVironment vice president and
product line general manager for tactical missile systems.
“Integrating Switchblade 600 into combat platforms, such as the
USSOCOM’s specialized maritime vessels, enhances force overmatch,
minimizes warfighter exposure to enemy direct and indirect fires
and accelerates the maturation of this innovative solution.”
The AeroVironment Switchblade 600 is an all-in-one, man portable
solution equipped with a high-performance EO/IR gimbaled sensor
suite, precision flight control and more than 40 minutes of flight
time to deliver unprecedented tactical reconnaissance, surveillance
and target acquisition (RSTA). Its anti-armor warhead enables
engagement and prosecution of hardened static and moving light
armored vehicles from multiple angles – without external ISR or
fires assets – for precise, localized effects and minimal
collateral damage.
ABOUT AEROVIRONMENT TACTICAL MISSILE SYSTEMS
AeroVironment’s tactical missile systems provide users with the
ability to identify threats and deliver a precision lethal payload
with minimal collateral damage. Switchblade® 300 and Switchblade®
600 loitering missile systems enable the warfighter to easily
launch, fly, track and engage beyond line-of-sight targets and
light armored vehicles across land, maritime and air-launched
scenarios. The Blackwing™ loitering reconnaissance system is a
variant of Switchblade designed to provide rapid-response
intelligence, surveillance and reconnaissance capabilities and can
be deployed from a submarine using an underwater-to-air delivery
canister, shipboard or mobile ground vehicle via tube-launch or
Multipack Launcher (MPL). AeroVironment’s tactical missile systems
deliver the actionable intelligence and precision firepower needed
to achieve mission success across multiple domains. For more
information, visit www.avinc.com/tms.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at
the intersection of robotics, sensors, software analytics and
connectivity that deliver more actionable intelligence so you can
Proceed with Certainty. Celebrating 50 years of innovation,
AeroVironment is a global leader in unmanned aircraft systems and
tactical missile systems, and serves defense, government and
commercial customers. For more information, visit
www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of 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 those expressed or
implied. Factors that could cause actual results to differ
materially from the forward-looking statements include, but are not
limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment;
the activities of competitors; failure of the markets in which we
operate to grow; failure to expand into new markets; failure to
develop new products or integrate new technology with current
products; 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210427005125/en/
Makayla Thomas AeroVironment, Inc. +1 (805) 520-8350
pr@avinc.com
Mark Boyer For AeroVironment, Inc. +1 (213) 247-4109
mark@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