Press release

AeroVironment Announces Launch of New England Innovation Center, the Company’s First Engineering Operation Outside of California

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AeroVironment,
Inc.
(NASDAQ: AVAV), a global leader in Unmanned Aircraft
Systems (UAS) for both defense and commercial applications, today
announced the creation of its New England Innovation Center (NEIC). The
new office will lead development of advanced solutions complementing
AeroVironment’s market-leading small UAS and furthering the company’s
growth strategy.

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AeroVironment’s Family of Small Unmanned Aircraft Systems and Switchblade Tactical Missile System pr ...

AeroVironment’s Family of Small Unmanned Aircraft Systems and Switchblade Tactical Missile System protect troops in the most rugged environments (Photo: Business Wire)

“We are expanding our capabilities, our team and our footprint to
achieve our growth objectives,” said Wahid Nawabi, AeroVironment
president and chief executive officer. “The greater Boston region is a
dynamic center of advanced development and talent in technologies key to
the future of our customers’ operations, including robotics and
artificial intelligence. Our latest Innovation Center will expand
AeroVironment’s capabilities so that we may translate advances in key
technologies into ever more valuable solutions that support our
customers across the globe.”

“We welcome Tom Vaneck to our team with his extensive experience and
knowledge of the unmanned systems industry and a track record of
competitive success. We look forward to Tom’s leadership of our NEIC and
his contributions to supporting our customers,” Mr. Nawabi added.

“I’m excited to be part of the team at AeroVironment, the leader in
unmanned systems technologies for those on the front-line, and a company
I have watched and admired for many years,” said Vaneck, vice president
and managing director of AeroVironment’s NEIC. “Our New England
Innovation Center will develop new robotic platforms to expand our
family of systems, advance our autonomous capabilities and build on
AeroVironment’s history of delivering innovative solutions that help
customers proceed with certainty.”

Vaneck served as vice president of InstantEye Robotics, a division of
Physical Sciences, Inc. Previously, he served as general manager of
Aurora Flight Sciences’ Cambridge Research and Development Center.
Vaneck earned a Ph.D. in Aeronautics and Astronautics from Stanford
University, and a Master of Science in Aerospace Engineering, Master of
Arts in Mathematics and Bachelor of Science in Aerospace, Aeronautical
and Astronautical Engineering from Penn State University.

AeroVironment is actively seeking top talent for its New England and
Simi Valley operations, with more
than 70 open positions
, and will hold a special interactive
recruiting event at AUVSI
XPONENTIAL
. The event is titled “The Power of People and Culture,”
and will feature senior AeroVironment leadership starting at 1:30 p.m.
CT on May 1, in The
Idea Room
– hosted by AeroVironment (room #505A of McCormick Place).
A reception will follow the presentation. Visitors and interested
applicants can learn
more about AeroVironment at XPONENTIAL
exhibition booth #1631.

About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides customers with more actionable
intelligence so they can proceed with certainty. Based in California,
AeroVironment is a global leader in unmanned aircraft systems and
tactical missile systems, and serves defense, government and commercial
customers. For more information visit www.avinc.com.

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.

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