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TheStreet Open House

AeroVironment And Eurocopter To Evaluate Potential Joint Opportunities For Expanding Their Product Portfolios, Markets And Capabilities

Stock quotes in this article: AVAV

AeroVironment, Inc. (NASDAQ: AVAV), the world’s highest volume manufacturer of unmanned aircraft systems (UAS), and Eurocopter, the leading global helicopter manufacturer, today announced at the Association of the United States Army annual meeting that they have signed a cooperative agreement to explore opportunities for expanding their respective military and commercial product portfolios.

“The combination of AeroVironment’s market leading unmanned technology and unique knowledge with Eurocopter’s world-class helicopter and systems expertise makes a formidable team,” said Roy Minson, senior vice president and general manager of AeroVironment’s Unmanned Aircraft Systems business segment. “This cooperative agreement creates the opportunity for both companies to explore expanding into new markets and developing new capabilities to meet future customer needs.”

“AeroVironment’s extensive operational UAS experience in delivering to end-users reliable solutions working effectively in harsh operating environments makes us uniquely positioned to understand customers’ requirements and to determine future market trends,” said Clive Schley, Eurocopter’s senior vice president, strategy and company development. “This cooperation will be particularly valuable as Eurocopter defines its unmanned product strategy, building on the success of our first unmanned flights with the EC145 helicopter this year.”

AeroVironment developed the first hand-launched unmanned aircraft for military surveillance in 1987. Since that time, the company has won every U.S. Department of Defense competition for small UAS programs of record, and has delivered more than 20,000 new and replacement small unmanned air vehicles to customers within the United States and to more than 20 international governments. The company has also integrated its secure Digital Data Link communications architecture into air, sea and land vehicles, including manned and unmanned airplanes and helicopters, to enable control of its UAS from those platforms and provide access to the information they produce.

Eurocopter offers the most comprehensive civil and military helicopter range in the world, with more than 11,780 rotorcraft in service across 148 countries. Overall, Eurocopter helicopters account for 33 percent of the worldwide civil and parapublic fleet.

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