ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

AV Selected for U.S. Army Next-Generation C-UAS Missile Program, Awarded $95.9M Contract to Deliver FE-1 for U.S. Army's Long-Range Kinetic Interceptor (LRKI) Program

AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a leading provider of Counter-Unmanned Aircraft Systems (C-UAS) and advanced air and missile defense technologies, has been selected to deliver the U.S. Army’s Next-Generation C-UAS Missile (NGCM). Along with this selection, AV was awarded a $95.9 million contract for the U.S. Army's Long-Range Kinetic Interceptor (LRKI) program through the U.S. Army Combat Capabilities Development Command Aviation & Missile Center (CCDC AvMC) Aviation & Missile Technology Consortium® (AMTC). As part of the LRKI program, AV will manufacture and deliver its Freedom Eagle (FE-1) kinetic C-UAS missile.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251022561562/en/

AV’s Freedom Eagle (FE-1) kinetic C-UAS missile launches during testing earlier this year at Yuma Proving Ground [Credit: AV]

AV’s Freedom Eagle (FE-1) kinetic C-UAS missile launches during testing earlier this year at Yuma Proving Ground [Credit: AV]

"FE-1 strengthens our nation’s air defense arsenal by providing an urgently needed kinetic C-UAS solution–built to fill the gaps in today’s defense capabilities and meet the adversarial threats of tomorrow,” said Jimmy Jenkins, Executive Vice President of AV’s Precision Strike and Defense Systems Group. “This selection by the U.S. Army is a testament to AV’s intentional investments, unmatched agility and technical expertise, and unwavering commitment to our nation’s national security priorities. We are quickly scaling production to deliver FE-1 to the frontlines, where they’ll provide critical warfighter protection and inform our development for full-rate manufacturing.”

FE-1 is a low-cost, high-performance solution to neutralize Groups 2 and 3 UAS while maintaining residual capability against Group 1 UAS, fixed wing, and rotary wing aircraft with increased lethality, extended range, and rapid launch capabilities. It has already achieved several key development milestones, including a successful live-fire demonstration of its dual-thrust solid rocket motor, controlled test vehicle (CTV) launches, and warhead tests. These achievements demonstrate FE-1's technological maturity and reduced technical risk in preparation for field deployment.

"FE-1 is more than just a missile. It's a transformative capability for next-generation air and missile defense,” said Daniel Noland, Senior Director of Strategic Capture for AV. “Our team–side by side with our industry partners and U.S. Army customers–has put in long hours in the lab and on the range because they believed in the mission: to rapidly develop the technology our warfighters need to tackle our nation’s toughest aerial threats. We’re ready to transition this disruptive technology from research and development to the battlefield and focused on ramping up manufacturing to deliver with scale and speed.”

To successfully deliver an entirely new kinetic platform built to counter rapidly evolving air threats on a rapid timeline, AV developed critical strategic partnerships and assembled a team of industry experts–including Applied Systems Engineering Inc. (“ASEI”), a leading provider of engineering and avionics solutions.

FE-1 joins AV’s portfolio of industry-leading C-UAS solutions, including Directed Energy (DE), Radio Frequency (RF)-based, and Electronic Warfare (EW) systems. The company is also a leading provider of precision strike and loitering munitions, including Switchblade and JUMP 20 which have proven success in austere battlespaces around the world. Together, these capabilities form an end-to-end, multi-domain defense architecture designed to address the most advanced UAS threats.

About AV

AV (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.

Effort sponsored by the U.S. Government under Other Transaction number W9124P[1]19-9-0001 between AMTC and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon.

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.

"FE-1 strengthens our nation’s air defense arsenal by providing an urgently needed kinetic C-UAS solution–built to fill the gaps in today’s defense capabilities and meet the adversarial threats of tomorrow."

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.41
+1.37 (0.56%)
AAPL  268.47
-1.30 (-0.48%)
AMD  233.54
-4.16 (-1.75%)
BAC  53.20
-0.09 (-0.17%)
GOOG  279.70
-5.64 (-1.98%)
META  621.71
+2.77 (0.45%)
MSFT  496.82
-0.28 (-0.06%)
NVDA  188.15
+0.07 (0.04%)
ORCL  239.26
-4.54 (-1.86%)
TSLA  429.52
-16.39 (-3.68%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.