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tern program

October 8, 2014

DARPA Awards AeroVironment Contract to Develop New Class of Maritime Unmanned Aircraft System

MONROVIA, Calif. Oct. 8, 2014 - AeroVironment, Inc. (NASDAQ:AVAV) announced the Defense Advanced Research Projects Agency (DARPA) has selected the company and its team of industry leaders to follow its successful phase I concept design effort with a phase II preliminary design for the Tactically Exploited Reconnaissance Node, or Tern.  The 12-month, $19,035,007 phase II