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Orbital Corp secures AeroVironment as a buyer – sUAS Information – The Enterprise of Drones

US defence firm AeroVironment Inc. acquires new heavy gas engine for testing on its JUMP® 20 tactical UAV

PERTH, AUSTRALIA: Orbital Company Ltd (‘Orbital UAV’, ‘the Firm’) is happy to announce it has acquired an order from US defence know-how firm AeroVironment Inc. for the provision of the Firm’s latest heavy gas engine for evaluation.

“We’re delighted to verify this new relationship with some of the vital gamers within the US and
world tactical UAS markets. The chance to work with AeroVironment is yet one more demonstration of
the diversification of our buyer portfolio and the rising fame of our superior heavy gas engine know-how,” mentioned Todd Alder, CEO and Managing Director of Orbital UAV.

AeroVironment (NASDAQ: AVAV) is a world chief in uncrewed plane techniques (‘UAS’) and providers.
In February 2021 the corporate acquired Arcturus UAV, a number one supplier of Group 2 and three UAS.
AeroVironment now gives clients an entire set of Group 1 by way of 3 UAS (together with the JUMP®
20 and PumaTM platforms), tactical missile techniques (together with the Switchblade® 600), excessive altitude
pseudo-satellites and unmanned floor automobile options.

“With the acquisition of Arcturus, AeroVironment offers an expanded product vary incorporating
platforms extremely related to Orbital UAV’s know-how and capabilities. We stay up for working with AeroVironment to display the prevalence of our heavy gas engine functionality and exploring alternatives the place we are able to additional assist their present and future targets,” mentioned Mr Alder.

In August 2022, the US Military confirmed AeroVironment had been awarded the Future Tactical Unmanned Plane System (FTUAS) Increment 1 Different Transaction Settlement for one JUMP® 20 system.

FTUAS is the US Military’s alternative program for the at present fielded RQ-7B Shadow UAS in floor manoeuvre brigade fight groups.

Based on an Military announcement, “Increment 1 leverages lessons-learned from the year-long FTUAS demonstration and can subject available mature applied sciences in response to a Directed Requirement from the Military Futures Command.” Increment 2 acquisition – which will probably be essential in deciding on the ultimate ‘program of report’ for Military – is constant independently of however in parallel with the Increment 1 award and testing.

“US Military’s FTUAS program represents some of the distinguished and vital alternatives inside
the worldwide tactical UAS market,” mentioned Mr Alder.

“Amongst many necessities, functionality for the UAS automobile to run on heavy gas stays key. Orbital UAV has had a long-term technique to trace this program and has constructed relationships with a number of suppliers down chosen within the Military’s acquisition course of. This order from AeroVironment additional establishes
Orbital UAV’s constructive place in relation to this system,” mentioned Mr Alder.

The engine for evaluation will probably be delivered in H2 FY23. This announcement doesn’t have an effect on Orbital UAV’s FY23 income forecast of $20-$25M.



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