Tagm project office update#
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View the full release here: ĭesigned for use in engaging beyond-line-of-sight targets with lethal effects, Switchblade 300 is deployed via tube-launch from land, sea, mobile or air organic platforms.

Army Contracting Command, Redstone Arsenal and is scheduled to be delivered by July 2023. Army Tactical Aviation and Ground Munitions (TAGM) project office for the procurement of Switchblade® 300 tactical missile systems (TMS). (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it received a $20,602,464 firm-fixed-price contract award on Aug. View source version on businesswire.Combat-proven Switchblade with patented wave-off and recommit capability provides operators with increased lethality, reach and precision strike capabilities with minimal collateral effectsĪeroVironment, Inc.

Tagm project office update#

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. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. 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. 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. For more information, visit SAFE HARBOR STATEMENTĬertain statements in this press release may constitute 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers.

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Army for procurement of Switchblade 300 loitering missile systems.ĪeroVironment (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.

This contract award follows an August 2022 contract modification for additional funding by the U.S. Real-time video, GPS coordinates, and wave-off capabilities provide the operator confidence in precisely attacking key targets. The backpackable Switchblade 300 offers operators the flexibility to rapidly maneuver and employ the system on the ground. We’re honored that Switchblade 300 continues to support the U.S. “This new contract further demonstrates the global demand for production-ready, combat-proven Switchblade 300 missile systems. “Switchblade 300 continues to be a critical weapon in the armed forces of Ukraine’s unmanned systems arsenal,” said Brett Hush, AeroVironment’s vice president and product line general manager for Tactical Missile Systems. Army contract includes foreign military sales of Switchblade 300 for the first time to France and another allied nation, expanding Switchblade’s footprint internationally. government for use by Ukraine and additional nations after the start of the Russia- Ukraine war in 2022. Ideal for use against beyond-line-of-sight targets, Switchblade systems were approved by the U.S. Army for more than a decade and are currently providing real-time ISR and precision strike support on battlefields in Ukraine. (Photo: AeroVironment, Inc.)ĪeroVironment’s combat-proven Switchblade 300 loitering missile systems have been deployed by the U.S. Combat-proven Switchblade, with patented wave-off and recommit capability, provides operators with increased lethality, reach and precision strike capabilities with minimal collateral effects.