Major Taiwan Defense Agreement: Aerovironment to develop sets of unmanistic systems after $ 60.2 million of contract

Taipei, Taiwan-(Business Wire)-Aerovironment, Inc. (“Av”) (Nasdaq: Avav), A Global Leader in All-Domain Defense Technologies, Today Announounce that has signed to Memorandum of Underestanding (Mou) with the National Chung-Shan Institute of Science and Technology (NCSIST), to Leading Research and Development Institution under Taiwan’s Ministry of National Defense, to Collaborate on Autonomous Systems and Technology to Support Taiwan’s Defense and Security needs.

Signed during the Aerospace and Defense Technology Exhibition of Taipei (Tadte) this week, the agreement establishes a framework for AV and NCSIST to seek opportunities together to strengthen the life cycle and sustainability of the unmanned and precision attack systems of Taiwan. Initially focused on the jump of Av^® 20 and jump^® AV of 20-X Takeoff and Landing (VTOL) of fixed wing, AV will provide technical experience, training and support processes proven to help NCSist build infrastructure that improves preparation and resistance on the island. Future efforts will include a development of unmanned systems and collaboration around autonomy software.

The Jump 20 system offers advanced intelligence, surveillance and recognition (ISR) abilities and unique adaptability to support a wide range of evolutionary missions demands. It has become the election platform of Group 3 Global, with recently granted contracts in everything Europeincluding Denmark, Italyand several other NATO allies.

“This association underlines the long -term commitment of AV to support the defense needs of Taiwan And our allies in the Indo-Pacific region, “said Justin McFarlin, Vice President of International Business Development for Av.” By combining the proven effectiveness of combat of AV systems with the advanced research and development capabilities of NCSist, we are ensuring Taiwan It can produce and maintain missionary critical systems, strengthen deterrence and respond quickly to evolving threats. ”

The MOU is part of an industrial participation or an “compensation” agreement linked to recent acquisitions and investments by the Taiwan Ministry of National Defense in the non -improvised technology of AV. In July 2024, AV announced US Approval of the State Department for a $ 60.2 million Foreign military sale of the company’s switchblade^® 300 MERODEOR MORMO SYSTEMS FOR Taiwan. Last month, the Taiwanese government announced a new expansive acquisition initiative for up to 100,000 UAS to defend its homeland and critical infrastructure.

“Taiwan has clearly pointed out a demand to strengthen its national defense ecosystem and the desire to expand its self -sufficiency in defense production and life cycle management,” said Brian Anderson, director of International Business Development of AV for Pacific Asia. “Through solid associations with our allies and partners, such as NCSIST, AV offers critical mission technologies and ensuring that systems are already found throughout the world are still ready and effective.”

About Aerovironment, Inc.

Aerovironment (Nasdaq: AVAV) is a defense technology leader that offers comprehensive capabilities, earth, sea, space and cyber. The company develops and displays autonomous systems, precision attack systems, counter-UA technologies, space platforms, directed energy systems and cyber and electronic warfare capabilities, built to meet the mission needs of the current warrior and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipe, AV offers proven systems and future definition capabilities with speed, scale and operational relevance. For more information, visit www.avinc.com.

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Source: Aerovironment, Inc.