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AV’s Tomahawk Awarded $5.1M Contract for Human-Machine Integrated Formations Project by U.S. Army RCCTO

1. AV’s Tomahawk GCS awarded $5.1 million Army contract for rapid prototyping. 2. Project enhances human-machine teaming for battlefield operations significantly. 3. Grip TA5 selected as Dismounted Common Controller to manage robotic assets. 4. AV focuses on multi-domain operational capabilities and innovation for defense. 5. Contract signifies growth opportunities in autonomous systems for AV.

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Why Bullish?

The $5.1 million contract reflects market confidence in AV’s technology. Similar past contracts have positively impacted stock price.

How important is it?

The contract potentially boosts AV's market position in a growing defense sector. Increased military investments could favor AV's future endeavors.

Why Long Term?

Sustained growth in defense contracts can lead to consistently higher revenues. Historical trends show that defense contracts enhance long-term viability.

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ARLINGTON, Va.--(BUSINESS WIRE)-- Tomahawk GCS, an AeroVironment (“AV”) product line specializing in autonomous and intelligent multi-domain systems, has been awarded a $5.1 million contract to support the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO) Human-Machine Integrated Formations (HMIF) rapid prototyping project. Following a rigorous selection process, AV’s Tomahawk's Grip TA5 was selected as the Dismounted Common Controller (DCC) to significantly enhance human-machine teaming for battlefield operations.

"This award is a huge milestone, not just for AV, but for the future of human-machine teaming on the battlefield," said Jason Hendrix, AV’s vice president and general manager of Small Uncrewed Aircraft Systems.

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The HMIF initiative, led by the U.S. Army RCCTO, is accelerating the integration of autonomous and robotic systems into formations to enhance situational awareness, lethality, and survivability. With its modular architecture and multi-platform compatibility, the Grip TA5 provides operators command-and-control of multiple robotic assets in real-time, enhancing mission adaptability and response speed.

"This award is a huge milestone, not just for AV, but for the future of human-machine teaming on the battlefield," said Jason Hendrix, AV’s vice president and general manager of Small Uncrewed Aircraft Systems. “We’re proud to continue pushing the boundaries of what’s possible in multi-domain operations and delivering proven technology to the warfighter.”

ABOUT AEROVIRONMENT, INC.

AeroVironment (“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, precision strike systems, 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 with speed, scale, and operational relevance.

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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