AeroVironment, Inc. (AV) (NASDAQ: AVAV) announces the receipt of $4.6 million in funding from the Defense Advanced Research Projects Agency (DARPA) to develop a small Unmanned Aircraft System (UAS) capable of performing “hover/perch and stare” missions. The Stealthy, Persistent, Perch and Stare (SP2S) UAS is based on AV’s small Wasp UAS, a one-pound, 29-inch wingspan battery-powered air vehicle that is being procured and deployed by the U.S. Air Force and the U.S. Marine Corps. The goal of the SP2S program is to develop the technology to enable an entirely new generation of perch-and-stare micro air vehicles capable of flying to difficult targets, landing on and securing to a “perch” position, conducting sustained, perch-and-stare surveillance missions, and then re-launching from its perch and returning to its home base. U.S. armed forces including the Army, Marine Corps, Air Force and USSOCOM, as well as international forces such as those from Italy, Denmark, Spain and the Netherlands, use AV’s hand-launched UAS and handheld ground control unit for missions that include base security, route reconnaissance, mission planning, battle damage assessment, and force protection. Raven, Wasp and Puma AE have each won full and open competitions sponsored by agencies of the U.S. Department of Defense, becoming the sole small UAS for their respective programs of record. AV has delivered more than 10,000 new, replacement and refurbished small unmanned aircraft to date.