UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01. Regulation FD Disclosure
On August 28, 2024, AeroVironment, Inc. (the “Company”) issued a press release announcing that the Company was awarded a contract with the Army Contracting Command-Aberdeen Proving Grounds for the sale of Switchblade systems, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
This report, including the exhibit, contains forward-looking statements regarding events, performance and financial trends. Various factors could affect future results and could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Some of those factors are identified in the exhibit, and in the Company’s periodic reports filed with the Securities and Exchange Commission.
The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 8.01. Other Information
On August 28, 2024, the Company announced that it executed a contract with the Army Contracting Command-Aberdeen Proving Grounds for the sale of Switchblade systems. The contract, which was executed on August 27, 2024, is an indefinite delivery, indefinite quantity contract with a ceiling value of $990,000,000. The U.S. government may issue delivery orders for its specific product needs during the term of the contract, however, the government is not committed to issue any delivery orders under the terms of the contract and may terminate the contract for convenience at any time during the term.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit | ||
| Number | Description | |
| 99.1 | Press release issued by AeroVironment, Inc., dated August 28, 2024. | |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AEROVIRONMENT, INC. | ||
| Date: August 28, 2024 | By: | /s/ Melissa Brown |
| Melissa Brown | ||
| Senior Vice President, General Counsel & Corporate Secretary | ||