Material Event Form 8 K

Item 8.01. Other Information

A protest has been filed with the U.S. Government Accountability Office ("GAO") challenging the U.S Department of the Army's decision on August 27, 2024 to award an indefinite delivery, indefinite quantity contract with a ceiling value of $990,000,000 on a sole source basis to AeroVironment, Inc. (the "Company") related to the Company's Switchblade systems. The U.S. Army has issued a stop work order on the contract and the delivery order issued thereunder while the protest is being considered by the GAO. This stop work order does not impact any of the Company's other contracts or commitments, including those related to its Loitering Munitions systems. It is currently expected that the GAO will issue a decision on the protest no later than December 16, 2024.