Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

AeroVironment : expands footprint at Spaceport America

10/07/2021 | 11:57am EST
October 7, 2021, Sierra County, NM- AeroVironment, Inc. (NASDAQ: AVAV) is expanding its footprint at Spaceport America bringing two new unmanned aircraft systems (UAS) projects to New Mexico for testing and training. Operations for JUMP 20 medium unmanned aircraft systems (MUAS) and tactical unmanned aircraft systems (TUAS) have begun out of the Spaceport's Vertical Launch Area. AeroVironment first became a tenant of the spaceport with the HAPSMobile Sunglider project, which flew twice in 2020.
"We developed a great relationship with AeroVironment last year, which has now expanded with these two new UAS projects," said Scott McLaughlin, Executive Director of the New Mexico Spaceport Authority. "We appreciate their confidence in us and what we offer with our employees, our facilities, restricted airspace, remote location, and great weather for flight. Spaceport America's business continues to grow and bring value to New Mexico."
With this new contract, AeroVironment will be able to conduct engineering flight test operations for research and development, and validation and verification purposes. The AeroVironment team will also be able to conduct customer training and customer demonstrations at Spaceport America.
"Spaceport America is an ideal location for testing and training of the JUMP 20 and TUAS vehicles due to the abundant special use airspace and cooperative business arrangements that exist between Spaceport America and AeroVironment," said Gorik Hossepian, AeroVironment vice president and product line general manager for MUAS.
AeroVironment currently leases facilities from Spaceport America for short-term use but is looking to add permanent infrastructure at the Vertical Launch Area to support long-term training and testing operations.

AeroVironment JUMP 20 medium-altitude unmanned aircraft system

The JUMP 20 vehicle features a runway-independent vertical take-off and landing (VTOL) system. The vehicle can provide 14 hours of flight time and a 115-mile range (in its line-of-sight configuration). A separate team will conduct TUAS training, providing advanced training courses for a wide range of UAS applications and tactical situations. AeroVironment instructors will enable customers/students to develop a comprehensive understanding of a specific UAS solution, including safety, operational proficiency, aircraft maintenance and air space management; how to fully exploit the capabilities of the UAS system to accomplish mission objectives.

AeroVironment, Inc. (NASDAQ: AVAV) is HAPSMobile's minority owner and aircraft development partner for the Sunglider, a solar-powered unmanned aircraft designed for stratospheric telecommunications platform systems. HAPSMobile Inc. (TOKYO: 9434), has been developing and testing the 'Sunglider' at Spaceport America since June 2020. AeroVironment and partner Soft Bank invested over $8 million in developing a hangar, office spaces and an airstrip at Spaceport America in spring 2020.


Spaceport America (https://www.spaceportamerica.com) is the first purpose-built commercial spaceport in the world. The FAA-licensed launch complex, situated on 18,000 acres adjacent to the U.S. Army White Sands Missile Range in southern New Mexico, has a rocket friendly environment of 6,000 square miles of restricted airspace, low population density, a 12,000-foot by 200-foot runway, vertical launch complexes, and about 340 days of sunshine and low humidity.

Some of the most respected companies in the commercial space industry are tenants at Spaceport America: Virgin Galactic, HAPSMobile / AeroVironment, UP Aerospace, and SpinLaunch.

Media Contact for Spaceport America
Alice Carruth, Public Relations Coordinator
(575) 528-8227 media@spaceportamerica.com


AeroVironment Inc. published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 15:56:05 UTC.

ę Publicnow 2021
All news about AEROVIRONMENT, INC.
12/01AeroVironment, Inc. Schedules Second Quarter Fiscal Year 2022 Earnings Release and Conf..
12/01AeroVironment Gets $4.2 Million Contract From US Defense Department to Provide Unmanned..
12/01AeroVironment Awarded $4 Million Small Unmanned Aircraft Systems Foreign Military Sales..
12/01AeroVironment, Inc. Wins $4 Million Small Unmanned Aircraft Systems Foreign Military Sa..
11/16AeroVironment's New Mantis i45 N Multi-Sensor Imaging Payload Delivers Advanced ISR for..
11/16AeroVironment?s New Mantis i45 N Multi-Sensor Imaging Payload Delivers Advanced ISR for..
11/04AeroVironment Awarded $20.3 Million Switchblade 600 Tactical Missile Systems Hardware C..
11/04AeroVironment, Inc. Wins $20.3 Million Switchblade 600 Tactical Missile Systems Hardwar..
11/03AeroVironment, Inc. to Present at the Baird Global Industrial Conference
11/03AeroVironment Demonstrates First-Ever Switchblade Loitering Missile Integration for Air..
More news
Analyst Recommendations on AEROVIRONMENT, INC.
More recommendations
Financials (USD)
Sales 2022 570 M - -
Net income 2022 36,6 M - -
Net Debt 2022 34,5 M - -
P/E ratio 2022 60,4x
Yield 2022 -
Capitalization 1 915 M 1 915 M -
EV / Sales 2022 3,42x
EV / Sales 2023 2,95x
Nbr of Employees 1 171
Free-Float 93,6%
Duration : Period :
AeroVironment, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AEROVIRONMENT, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 77,75 $
Average target price 118,75 $
Spread / Average Target 52,7%
EPS Revisions
Managers and Directors
Wahid Nawabi Chairman, President & Chief Executive Officer
Kevin McDonnell Chief Financial Officer & Senior Vice President
Scott Newbern Chief Technology Officer & Vice President
Regine Lawton Chief Information Officer & Vice President
Kenneth Karklin Chief Operating Officer & Senior Vice President
Sector and Competitors