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<\/a><\/a>\nToday marked a significant step forward in AV\u2019s Dayton expansion as $7 million of the company's total investment was approved by the Ohio Tax Credit Authority.<\/p>
\nThe expansion strengthens AV\u2019s domestic manufacturing footprint and supports continued growth across critical defense programs, including advanced biotechnology manufacturing in support of the Air Force Research Laboratory (AFRL) in Dayton.<\/p>
\nAV will expand project sites in the City of Beavercreek and City of Xenia adding approximately 44,000 square feet designed to support pilot-scale and mid-volume production of advanced biotechnology materials and components. The sites will enable specialized manufacturing, integration, and testing activities aligned with national security priorities, positioning AV to help meet growing demand across the Department of War\u2019s critical technology list<\/a> for scalable biomanufacturing capabilities and mission-critical systems.<\/p> \n\u201cDayton and the surrounding community is where some of the nation\u2019s most important advanced research and defense innovation is happening, and proximity to the customer matters,\u201d said Wahid Nawabi, Chairman, President, and Chief Executive Officer at AV. \u201cBeing close to AFRL and the broader defense innovation ecosystem allows our teams to collaborate faster, transition technology more rapidly, and deliver advanced capabilities directly aligned with mission needs.\u201d<\/p> \nThrough a cooperative effort with JobsOhio and the Ohio Department of Development, the expansion project is expected to create 200 new jobs and generate an estimated $28 million per year in regional economic impact, building on AV\u2019s existing footprint in the Dayton area.<\/p> \nAV\u2019s investment will be supported by a performance-based incentive package led by the State of Ohio, including assistance through JobsOhio, tied to verified job creation and operational milestones. Additional state and regional incentives under consideration include refundable job-creation tax credits and workforce development support.<\/p> \n\u201cAV's decision to expand in Greene County is another powerful signal that Ohio is the place where America\u2019s most advanced aerospace and defense companies can thrive,\u201d said Ohio Governor Mike DeWine. \u201cFrom Wright-Patterson Air Force Base and the AFRL to the skilled men and women at work in Dayton every day, Ohio provided the strategic advantage and partnerships to bring these 200 new, mission-critical jobs to its cutting-edge facility.\u201d<\/p> \nThe expansion will initially support pilot-scale production, with the flexibility to scale into a full-rate manufacturing facility as demand increases. The facilities have been purpose-designed to accommodate future growth in both workforce and production capacity without disrupting ongoing operations.<\/p> \nThe Ohio expansion follows several recent AFRL contract wins for AV, including:<\/p> \nAV\u2019s Greene County expansion reinforces its strategy to scale domestic manufacturing and skilled talent while leveraging Ohio\u2019s strong aerospace and defense ecosystem to rapidly build, test, and field advanced technologies with key proximity to nearby Wright-Patterson Air Force Base and the AFRL.<\/p> \nThe expansion builds on AV\u2019s broader strategy to strengthen domestic manufacturing capacity, enhance supply-chain resilience, and invest in highly skilled technical workforces across the United States.<\/p> \nAV recently announced a $30 million expansion in Albuquerque, New Mexico<\/a>, establishing a vertically integrated, next-generation manufacturing campus expected to generate more than $670 million in economic impact over the next decade, create more than 450 high-wage jobs, and increase production of mission-critical defense and space technologies.<\/p> \nAV also recently announced a $20.2 million expansion of its Huntsville,<\/a> Ala. facility to support Low-Rate Initial Production and future Full-Rate Production of Freedom Eagle-1 (FE-1) in order to support urgent U.S. Army and Combatant Command operational needs while advancing AV\u2019s broader strategy of innovation, scale, and national security.<\/p> \n\u201cAV\u2019s expansion in Beavercreek and Xenia is a vote of confidence in Ohio\u2019s skilled manufacturing workforce, world-class aerospace and defense innovation sector, and our ability to help great companies move from prototype to production with speed and precision,\u201d said JobsOhio President and CEO J.P. Nauseef. \u201cThis investment deepens AV\u2019s commitment to the Dayton region and reinforces what we hear from companies every day: Ohio is the right place to build the next generation of national security technology.\u201d<\/p> \nWHAT THEY\u2019RE SAYING<\/b><\/p> \n\u201cDayton has always been a city that knows how to build, innovate, and deliver for the nation,\u201d said Johnathan Jones, Senior Vice President of the Cyber and Mission Solutions Group at AV. \u201cWith its deep engineering heritage, proximity to AFRL, and one of the most skilled technical workforces in the country, this region is uniquely positioned for advanced defense manufacturing. AV\u2019s investment reinforces that Dayton is not just a place to do business \u2014 it\u2019s a place to grow, scale, and build the future of national security technology.\u201d<\/p> \n\u201cThis expansion strengthens AV\u2019s ability to scale advanced technologies from research and development into operational production at the speed our customers require,\u201d said Mary Clum, President of the Space, Cyber and Directed Energy Segment at AV. \u201cBy expanding our manufacturing and integration capabilities in Ohio, we are investing in the infrastructure, talent, and regional partnerships needed to accelerate innovation and deliver next-generation capabilities that support critical national security missions.\u201d<\/p> \n\u201cThese expansions come as the federal government continues to emphasize the importance of defense contractors investing in domestic facilities, resilient supply chains, speed of delivery, and skilled workforces,\u201d said Church Hutton, Chief Growth Officer at AV. \u201cAV\u2019s Ohio growth reflects this national priority and positions the company to meet accelerating demand across defense, aerospace, and space markets.\u201d<\/p> \n\"AV\u2019s commitment to establish advanced biomanufacturing production operations in the Dayton Region fits perfectly with the region\u2019s strong defense and manufacturing sectors and brings an opportunity for our regional workforce to be on the leading edge of an exciting new technology,\u201d said Jeff Hoagland, President and CEO of the Dayton Development Coalition. \u201cWe stand ready to support AV\u2019s growth in our community and know the company has a bright future here.\"<\/p> \n\u201cAs Chairman of the Senate Workforce Development Committee, I am excited about this new expansion of AV in both their Beavercreek and Xenia facilities,\u201d said State Sen. Kyle Koehler, Ohio Senate District 10. \u201cThis is exactly what we want to see happening all across Ohio as we work on HB 292 in my committee. The Ohio Defense and Space Advisory Commission will help Ohio, and especially, Greene County, to attract technology companies that offer advanced and high paying jobs.\u201d<\/p> \n\"AV\u2019s expansion reinforces the fact that the Dayton region is at the heart of the national aerospace, defense, and research ecosystems,\u201d said Congressman Mike Turner (Ohio\u2019s 10th<\/sup> District). \"The Miami Valley offers an unmatched convergence of talent, research infrastructure, and defense expertise. Nowhere else in the country can claim such deep roots in aerospace and defense innovation, or such a direct line to the institutions driving it forward. AV\u2019s investment is the latest proof that Dayton and Ohio remain at the center of it all.\u201d<\/p> \n\"I am delighted to hear about AeroVironment's expansion here in Beavercreek, Ohio,\u201d said State Representative Brian Lampton (R-Beavercreek). \u201cOur efforts in the Ohio legislature to reduce burdensome regulations and provide an improved and predictable business climate through the Business First Caucus continues to attract these fantastic employment opportunities for our region.\u201d<\/p> \nAbout AV<\/b><\/p> \nAeroVironment (\u201cAV\u201d) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities\u2014built to meet the mission needs of today\u2019s warfighter and tomorrow\u2019s conflicts. At the core of these technologies lies AV_Halo\u2122, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com<\/a>.<\/p> \nAbout JobsOhio<\/b><\/p> \nJobsOhio, Ohio's private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention, and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition<\/a>, Lake to River Economic Development<\/a>, Ohio Southeast Economic Development<\/a>, One Columbus<\/a>, REDI Cincinnati<\/a>, Regional Growth Partnership<\/a>, and Team NEO<\/a>, JobsOhio delivers world-class customer service to provide companies with a competitive advantage. Learn more at www.jobsohio.com<\/a>. Follow us on LinkedIn<\/a>, Twitter<\/a> and Facebook<\/a><\/p> \nSafe Harbor Statement<\/b><\/p> \nCertain statements in this press release may constitute \"forward-looking statements\" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment\u2019s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.<\/p> \nMedia Contact:<\/b> \nInvestor Contact:<\/b>\n