Business
AeroVironment Awarded $21 Million Contract Option for Raven Radio Frequency Modifications Under Existing U.S. Army FCS Contract
Second of three contract options exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year Small Unmanned Aircraft Systems
About this update from Aerovironment, Inc.
[{"type":"text","content":"\n\nSecond of three contract options exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year Small Unmanned Aircraft Systems contract\n\n\nTotal projected value of contract action is $55 million; $42 million now funded and awarded\n\n\nU.S. Army possesses largest fleet of Raven tactical unmanned aircraft systems in the world\n\n\n SIMI VALLEY, Calif.--(BUSINESS WIRE)--\nAeroVironment, Inc. (NASDAQ: AVAV), a global leader in Unmanned Aircraft Systems (UAS), today announced the United States Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on February 25, 2021. The value of the contract option is $20,979,905 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven® tactical UAS. The period of Performance ends June 30, 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210325005237/en/A U.S. Army Soldier hand launches a Raven B UAS in order to have a birds-eye view of the area during a field training exercise at Fort Sill, OK. (Photo: U.S. Army photo by Sgt. Dustin D. Biven)\nThe contract option was exercised under the Army’s FCS domain awarded to AeroVironment in June 2019 with an initial base delivery order of $862,488. FCS is the first of six domains comprising the Army’s existing five-year Indefinite Delivery, Indefinite Quantity (IDIQ) SUAS contract and has a potential value of up to $55 million. The Army’s first option under the existing contract – valued at $21,058,643 – was exercised in April 2020, bringing the total value to date to $42,901,035.\n\n“The U.S. Army possesses the largest fleet of Raven small unmanned aircraft systems in the world. For more than a decade, Raven systems have provided frontline Soldiers with increased mission effectiveness, safety and situational awareness so they can proceed with certainty,” said Trace Stevenson, vice president and product line general manager of small UAS.\n\nThe Raven system is designed for rapid deployment and high mobility for operations requiring low-altitude Intelligence, Surveillance and Reconnaissance (ISR). With a wingspan of 4.5 feet and weighing just 4.2 pounds (1.9 kilograms), the hand-launched Raven p...