AeroVironment Awarded $16 Million U.S. Navy Contract for the Advancement of Video Analytics and Computer Vision Research to Support Multi-Domain Robotics Initiatives
12 Diciembre 2023 - 8:10AM
Business Wire
AeroVironment, Inc. today announced it received a $16,098,922
cost-plus-fixed-fee contract from the U.S. Navy for the advancement
of video analytics and computer vision research to support
multi-domain robotics initiatives. This contract is in support of
the Small Business Innovation Research Phase III “Automated Entity
Classification in Video Using Soft Biometrics” and will be managed
by the Naval Air Warfare Center Aircraft Division in Lakehurst, New
Jersey.
AeroVironment's focus is on developing a video analytics
software ecosystem for the government that can be used across
platforms (both internal and external to AeroVironment) to provide
enhanced situational awareness and capabilities for the warfighter
in a wide range of mission areas.
“This is a multi-year effort that will allow us to explore and
implement new research initiatives and provide critical processing
capabilities to AeroVironment products, integration partners, and
other research organizations,” said Jeff Rodrian, senior vice
president and general manager for the MacCready Works Segment.
“This investment will allow us to optimize how current
Intelligence, Surveillance, Reconnaissance (ISR) and Targeting are
performed throughout the United States DoD.”
Building on 50 years of innovation, AeroVironment draws from a
legacy in multi-domain robotic systems; its pioneering autonomy and
advanced perception capabilities serve as a force multiplier for
warfighters today and tomorrow.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) is a global leader in intelligent
multi-domain robotic systems, uncrewed aircraft and ground systems,
sensors, software analytics, and connectivity. Headquartered in
Arlington, Virginia, AeroVironment delivers actionable intelligence
so our customers can proceed with certainty. 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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version on businesswire.com: https://www.businesswire.com/news/home/20231212709224/en/
Angela Schutt AeroVironment, Inc. pr@avinc.com
AeroVironment (NASDAQ:AVAV)
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