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  • AeroVironment
  • 800 Royal Oaks Drive, Suite 210
  • Monrovia, CA 91016-6347
  • https://avinc.com
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  • Mark Boyer
  • +1 (310) 229-5956

AeroVironment Hires Roy Minson as Vice President of Business Development and Deputy General Manager for Unmanned Aircraft Systems

(PresseBox) (Monrovia, Calif., ) AeroVironment, Inc. (AV) (NASDAQ:AVAV) today announced that Roy Minson, formerly an executive with SAIC and The Boeing Company, has joined AeroVironment as vice president of business development and deputy general manager of its unmanned aircraft systems (UAS) segment.

"With nearly 30 years of broad experience in the defense and commercial markets, Roy is an experienced leader with a strong background in technology commercialization," said Tom Herring, vice president and general manager, AV UAS segment. "Roy joins AV at an important time, with broad adoption of our small UAS taking place in the U.S. Department of Defense, and significant progress occurring in our key UAS development programs, Switchblade and Global Observer. Roy brings the right set of skills and experience to help satisfy our customers' needs effectively with our innovative solutions."

Prior to joining AV, Minson was vice president and operations manager for a research and development business within the Tactical Systems and Solutions division of SAIC, where he was responsible for transitioning products and solutions. As a senior executive at Boeing, he led various business segments supporting DoD, DARPA, and government agencies, and was a key contributor to the development and capture of several large programs, including Joint Tactical Radio Systems, Future Combat Systems, Combat Survival Evader Locater, and classified programs.

Minson has a master's degree in business administration from Redlands University and a bachelor's degree in science in industrial technology from Southern Illinois University - Carbondale.

Safe Harbor Statement

Certain statements in this press release may constitute "forwardlooking 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 forwardlooking 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 forwardlooking statements, whether as a result of new information, future events or otherwise.

AeroVironment

Building on a history of technological innovation, AV designs, develops, produces and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company's batterypowered, handlaunched UAS to provide situational awareness to tactical operating units through realtime, airborne reconnaissance, surveillance and target acquisition. AV's clean transportation solutions include power cycling and test systems and industrial electric vehicle charging systems for commercial and institutional customers, in addition to EV home chargers and EV fast chargers for consumers. More information about AV is available at www.avinc.com