Simi Valley, CA – According to filings with the U.S. Securities and Exchange Commission, AeroVironment is raising $50,000,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Wahid Nawabi played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About AeroVironment

At AeroVironment, our purpose is to secure lives and advance sustainability through transformative innovation. Our solutions give our customers a fresh vantage point, positioning them to see the world with new eyes and extending their reach beyond the line of sight. That is the power of our breakthrough unmanned aircraft systems, perfected and refined over a half century. Whether they are warfighters searching for an enemy, border patrol agents searching for people in need of assistance, or telecom providers linking millions to the digital economy, our customers choose AeroVironment because our systems generate actionable intelligence reliably, creating a path to goals that would otherwise be unattainable.

To learn more about AeroVironment, visit http://www.avinc.com/

Contact:
Wahid Nawabi, President and Chief Executive Officer
805-520-8350
nawabi@avinc.com
https://www.linkedin.com/in/wahid-nawabi-99a14aa/

SOURCE: http://www.intelligence360.io
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