Press release
U.S. Army Awards AeroVironment $11.7 Million Third and Final Contract Option for Raven Radio Frequency Modifications Under Existing FCS Contract
Final contract option exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small unmanned aircraft systems contract
About this update from Aerovironment, Inc.
[{"type":"text","content":"\n\nFinal contract option exercised under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small unmanned aircraft systems contract\n\n\nTotal final value of contract is $54,632,776\n\n\nU.S. Army possesses largest fleet of Raven tactical unmanned aircraft systems in the world\n\n\n \n\n ARLINGTON, Va.--(BUSINESS WIRE)--\nAeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced the United States Army exercised the third and final option under the Flight Control Systems (FCS) domain of the Army’s multi-year small unmanned aircraft systems (UAS) contract on Sept. 9, 2021. The value of the contract option is $11,731,740 and includes flight control system kits, ground control stations and tail booms for the Army’s existing fleet of Raven® tactical UAS. Delivery is scheduled to be completed by September 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211006005962/en/The Raven system is designed for low-altitude intelligence, surveillance, and reconnaissance missions that depend on rapid deployment and pinpoint maneuverability. (Photo: AeroVironment, Inc.)\nThe contract option was exercised under the Army’s FCS domain awarded to AeroVironment in June 2019 and announced in November 2019 – the first of six domains comprising the Army’s existing five-year Indefinite Delivery, Indefinite Quantity (IDIQ) SUAS contract – bringing the total final value of contract to $54,632,776.\n\n“The Raven system was created to provide frontline forces with real-time, accurate over-the-horizon situational awareness in conflict areas; a capability that was unavailable at the time of its inception,” said Trace Stevenson, vice president and product line general manager of small UAS. “Today, Raven is the most widely deployed unmanned aircraft system in the world and continues to serve as a modern tool for customers to gain superiority on the battlefield.”\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 provides situational awareness, day or night, with an operational range of 6.2 miles (10 kilometers...