AV and Thunder Tiger Sign MOU to Explore Uncrewed Systems Integration and Co-Production in Taiwan

The collaboration includes evaluating whether a launcher carrying multiple Switchblade rounds can integrate with Thunder Tiger’s unmanned surface vessel.

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Collaboration will explore integration of AV capabilities with Thunder Tiger platforms, potential UAS co-production and future technology development.

ARLINGTON, Va.--(BUSINESS WIRE)-- AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, and Thunder Tiger Corp., a Taiwan-based developer and manufacturer of unmanned systems, today announced a memorandum of understanding to explore collaboration on uncrewed systems integration, potential unmanned aircraft systems (UAS) localization and co-production and future capability co-development in Taiwan.

The agreement establishes a framework for evaluating multiple areas of cooperation, including the potential integration of select AV Switchblade Family of Systems configurations with Thunder Tiger’s unmanned surface and ground platforms. The companies will also explore opportunities to leverage Taiwan’s industrial capacity to support future unmanned aircraft co-production and co-development.

The companies formally signed the memorandum of understanding during the Association of the United States Army Annual Meeting & Exposition in Washington, D.C.

“Modern defense demands the ability to rapidly integrate proven capabilities and produce them at scale,” said Church Hutton, senior vice president and chief growth officer at AV. “Our focus is on bringing proven technology and industrial capabilities together to create more options for how unmanned systems are developed, integrated and produced.”

Under the agreement, AV and Thunder Tiger intend to evaluate the technical feasibility of integrating a launcher designed to carry multiple Switchblade all-up rounds with Thunder Tiger’s unmanned surface vessel, including opportunities to advance interoperability and support future demonstrations.

The collaboration reflects AV's broader approach to create and expand international industrial partnerships and explore opportunities to accelerate the development, integration and production of uncrewed systems.

About AV

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, plans, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; supply chain stability, competitor activities; market growth; product development and/or manufacturing challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261014415128/en/

Media Contact:
Deb Richardson
pr@avinc.com
667.356.1377

Investor Contact:
Denise Pacioni
ir@avinc.com
805.795.4108

Source: AeroVironment, Inc.

Key Terms

uas technical

UAS stands for Unmanned Aircraft System, the complete setup that lets a remotely piloted aircraft (commonly called a drone) fly safely — including the aircraft itself, the ground controller, communications links and supporting equipment. Investors watch UAS because rules, technology and demand for tasks like surveying, delivery or aerial inspection directly affect companies’ sales and regulatory costs; think of it as a vehicle plus its keys, radio and support crew that together determine whether it can operate profitably.

unmanned surface vessel technical

An unmanned surface vessel is a boat or ship that operates on the water without a person on board, using remote control or automated systems to navigate and carry out tasks. Investors care because these vessels can lower operating costs, open new markets (like shipping, surveillance, or data collection), and shift regulatory and competitive dynamics much like self-driving cars changed expectations for trucking and logistics.

all-up rounds technical

A financing round in which all new and existing investors purchase the same class of securities at a single agreed valuation and on the same terms, so every investor’s commitment is priced 'all up' into one equity issuance. It typically consolidates multiple commitments (including conversions of existing convertible notes or SAFEs) into one priced round so every holder gets shares at the same per-share price and identical basic rights; it does not describe arrangements where different investors buy different tranches or receive materially different economic terms.