AV’s Switchblade 300 Selected for U.S. Marine Corps’ Organic Precision Fires-Light Program

ARLINGTON, Va.--(BUSINESS WIRE)--Apr 18, 2024--

AeroVironment (AV) was selected by the U.S. Marine Corps for the first phase of the Organic Precision Fires-Light (OPF-L) program of record. AV’s Switchblade 300 Block 20 loitering munition system (LMS) will provide the Marine Corps with organic, anti-armor/anti-personnel, precision fires capability at the tactical level. AV was awarded an initial order of $8.9M on a contract with a maximum potential value of $249M.

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AV’s Switchblade 300 Block 20 supports the OPF-L program’s request for an individually operated, man-portable loitering munition with a lightweight, precision-guided capability against beyond- line-of-sight adversaries. Switchblade 300 will ensure that Marines are properly equipped and sustained with a lethal, reliable, organic capability for rapid target engagement while minimizing collateral damage and exposure to threat weapon systems.

“AV offers a battle-proven and production-ready system to support OPF-L to meet the Marine Corps’ requirements,” said AV’s Senior Vice President of LMS, Brett Hush . “ Our mature and trusted manufacturing capability combined with world-class training and support will ensure Marine Infantry is adequately prepared for the fight.”

AV’s Switchblade 300 has been deployed in support of urgent operational needs to combat theaters since 2012. Switchblade 300 Block 20 is the next generation of the system that capitalizes on over a decade of user assessments, combat deployments, and lessons learned from the conflict in Ukraine, including operating in contested environments.

The Switchblade Block 20 system significantly expands on the currently fielded Switchblade 300 capabilities, including armor penetrating capability through an Explosively Formed Penetrator (EFP) warhead, increased target attack angle, and significantly greater battery life, flight endurance, and radio link range.

“With over 6,000 Switchblade loitering missiles tested, produced, and fielded, AV is in a unique position to offer revolutionary organic precision fire capabilities to the USMC, leveraging the proven reliability, producibility and supportability of current Switchblade programs,” continued Hush.

ABOUT AEROVIRONMENT

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.

AV’s Switchblade 300 Block 20 loitering munition will provide the Marine Corps with organic, precision-strike capability at the tactical level. (Photo: AeroVironment)

NEW YORK (AP) — Prosecutors asked for a September retrial for Harvey Weinstein during a hearing at a Manhattan courthouse Wednesday, the disgraced movie mogul's first appearance since his 2020 rape conviction was overturned by an appeals court last week.

Weinstein, wearing a navy blue suit, was seated in a wheelchair pushed by a court officer as he entered the preliminary hearing.

Weinstein’s defense lawyer, Arthur Aidala, said his client was attending the hearing despite the 72-year-old having been hospitalized since shortly after his return to the city jail system Friday from an upstate prison. He has said Weinstein, who has cardiac issues and diabetes, was undergoing unspecified tests because of his health issues.

Aidala said he has no concern about his client’s mental abilities, describing Weinstein as “sharp as a tack. As sharp as he ever was.”

Manhattan District Attorney Alvin Bragg's office has said it is determined to retry the case against Weinstein. Legal experts say that may be a long road and come down to whether the women he's accused of assaulting are willing to testify again. One of the women, Mimi Haley, said Friday she was still considering whether she would testify at any retrial.

Prosecutors said one of the accusers, Jessica Mann, who was in court Wednesday is prepared to testify again and suggested locking in a date after Labor Day for the retrial.

Aidala said his client wants to prove his innocence: “It's a new trial. It’s a new day.”

The once-powerful studio boss was also convicted in Los Angeles in 2022 of another rape and is still sentenced to another 16 years in prison in California.

In the New York case that is now overturned, he was convicted of rape in the third degree for an attack on aspiring actor Mann in 2013, and of forcing himself on Haley, a former “Project Runway” production assistant, in 2006. Weinstein had pleaded not guilty and maintained any sexual activity was consensual.

The Associated Press does not generally identify people alleging sexual assault unless they consent to be named, as Haley and Mann have.

On Thursday, the New York Court of Appeals vacated his conviction in a 4-3 decision, erasing his 23-year prison sentence, after concluding a trial judge permitted jurors to see and hear too much evidence not directly related to what he was charged with.

The ruling shocked and disappointed women who celebrated historic gains during the era of #MeToo, a movement that ushered in a wave of sexual misconduct claims in Hollywood and beyond.

FILE - Harvey Weinstein arrives at a Manhattan courthouse as jury deliberations continue in his rape trial in New York, on Feb. 24, 2020. Weinstein will appear in a New York City court on Wednesday, May 1, 2024, according to the Manhattan district attorney’s office. (AP Photo/John Minchillo, File)