AeroVironment Secures $76 M Contract from U.S. Army for Switchblade Missile System

AeroVironment - Courtesy

By DONNA BALANCIA

AeroVironment, Inc. an unmanned aircraft systems company, announced the receipt of a one-year, $76 million contract from the U.S. Army for its lead product, the Switchblade loitering missile system.

The contract, worth $75,930,901 was awarded on April 30, 2020. Start of deliveries is anticipated by September 2020. Two additional 1-year options, would extend the period of performance through April 2023.

The Simi Valley-based AeroVironment is publicly traded on NASDAQ under the ticker symbol AVAV.

“For nearly a decade, AeroVironment’s Switchblade has delivered unmatched force protection and precision strike capabilities at the battlefield edge to the U.S. Army,” said Brett Hush, AeroVironment senior product line general manager of Tactical Missile Systems.

“We will continue to enhance the capabilities of this battle-proven product, and stand ready with a proven supply chain and customer support system in order to respond effectively to U.S. and allied customers’ needs.”
Northrop Grumman is a key partner on the Switchblade system, providing single purpose and multimode warheads for the program.

For conventional or special operations forces, in the field or from fixed defensive positions, AeroVironment’s combat-proven Switchblade is the ideal loitering munition for use against beyond-line-of-site targets. Back-packable and rapidly deployable from air, sea or ground platforms, Switchblade provides operators with increased lethality, reach and precision strike capabilities with low collateral effects.

Learn more about Switchblade at the AeroVironment, Industry Showcase at vSOFIC https://www.sofic.org/vsofic or at www.avinc.com/switchblade.