AeroVironment Inc. Adopts New Deferred Compensation Plan and Approves Executive Severance Plan Participation

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Under the plan, employees can defer up to 75% of their annual base salaries and bonuses, while non-employee directors can defer their cash Board service fees and equity grants. Additionally, the Committee approved participation of the Company's President, Autonomous Systems, and President, Space, Cyber & Directed Energy, in the Company's Executive Severance Plan, which was amended and restated as of December 3, 2024.

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About AeroVironment Inc.

AeroVironment Inc. is a leading technology company specializing in unmanned aerial systems (UAS) and related products. Primarily serving defense, public safety, and commercial markets, AeroVironment's products are known for their innovation in surveillance, reconnaissance, and tactical operations. It develops and manufactures small, unmanned aircraft systems, tactical missile systems, and electric vehicle charging solutions, contributing significantly to both military and renewable energy sectors. AeroVironment has established itself as a vital player by providing key reconnaissance and surveillance capabilities to defense forces globally, enhancing situational awareness and operational effectiveness. The company's focus on energy-efficient and environmentally friendly technologies underscores its commitment to sustainability. Founded in 1971 and headquartered in Arlington, Virginia, AeroVironment's extensive expertise and pioneering technologies continue to advance the capabilities of UAS, playing a crucial role in modern intelligence and security operations. The company's influence extends across several industries, contributing to innovations in renewable energy infrastructure and achieving strategic breakthroughs in aerial system design and application.