AV awarded $20M contract to advance ceramic materials research for the U.S. Air Force and Space Force. Arlington, VA (BUSINESS WIRE) - AeroVironment, Inc. ("AV") (NASDAQ: AVAV), a global leader in defense technology innovation, today announced it has been awarded a $20 million Ceramics Advanced Materials and Processes (CAMP) contract by the Air Force Research Laboratory (AFRL) Materials and Manufacturing Directorate to advance next-generation ceramic and ceramic matrix composite materials (CMCs) for extreme aerospace and defense applications supporting the U.S. Air and Space Forces. Under the 39-month contract, AV's materials experts will partner with AFRL scientists and engineers at Wright-Patterson Air Force Base in Dayton, Ohio, to accelerate development, field advanced capabilities faster, and strengthen mission readiness while reducing lifecycle costs. The team will apply advanced additive manufacturing, three-dimensional (3D) printing, and sensor integration techniques to create lightweight, thermally resilient structures - such as high speed aerodynamic vehicles, turbine engines, rocket propulsion systems, transparent armor, thermal-protection tiles, and nozzle extensions - designed to perform in the most extreme environments. "CAMP represents a vital investment in technologies that will preserve America's advantage across air and space domains," said Johnathan Jones, Senior Vice President of Cyber and Mission Solutions at AV. "By advancing the next generation of high-temperature materials and manufacturing processes, we will deliver capabilities that enhance mission readiness, extend operational endurance, and strengthen the technological superiority of our Air and Space Forces." Research conducted under the CAMP program will advance next-generation ceramics through precursor synthesis and processing, novel fabrication and design methods, microstructural characterization, and advanced modeling to better predict performance and durability. The effort will span the full lifecycle of material innovation, integrating embedded sensors for real-time health monitoring and developing multifunctional ceramics for aerospace, space, energy, and defense applications - from satellite propulsion and helicopter armor to ultra-efficient energy systems and advanced sensors. "Collaborations with our customers are at the heart of what we do," said Dr. John Hogan, Vice President of Defense and Interagency Service at AV. "Through the CAMP program, we're not just developing better ceramics - we're creating the materials foundation for the future of flight and space operations. This collaboration ensures our research directly supports mission readiness, durability, and operational effectiveness for the Air and Space Forces." About AV AeroVironment ("AV") (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 - built to meet the mission needs of today's warfighter and tomorrow's conflicts. At the core of these technologies lies AV_Halo(TM), 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. Safe Harbor Statement Certain 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, its 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's filings with the Securities and Exchange Commission. GovCon undertake no obligation to update forward-looking statements as a result of new information or future events. (C) 2026 Business Wire, Inc.

Member profile: Patrick Craddock. Posted on May 1, 2026 by Pat Host * Patrick Craddock brings more than 20 years of experience leading high-impact operations at the intersection of intelligence, technology and security to AeroVironment. * He finished his intelligence career as the deputy director for Digital Futures in the Directorate of Digital Innovation at the CIA. * Craddock spoke with Potomac Officers Club to discuss the shifting federal landscape, the most significant accomplishments in his career and underdiscussed challenges on the business side of innovation. Patrick Craddock is business development director at AeroVironment, a leading developer of advanced military technologies including unmanned vehicles, autonomous systems and electronic warfare platforms. He spent more than 20 years in the intelligence community, culminating as the CIA's deputy director for Digital Futures in the Directorate of Digital Innovation in 2025. Craddock has vast experience leading high-impact operations at the intersection of intelligence, technology and security. He is an expert at inside threat detection, investigations and security compliance, among others, in highly-classified environments. Craddock started his career in law enforcement as police with Arlington County, Virginia, before serving as a Drug Enforcement Administration special agent in Miami. There he led criminal investigations targeting transnational narcotrafficking organizations and money laundering operations. Craddock spoke with Potomac Officers Club about adapting his career to a shifting federal landscape, his core strengths as a leader, the most significant accomplishments in his career and underdiscussed challenges on the business side of innovation. Potomac Officers Club: What can you tell us about your background and how you've been able to adapt to the ever-changing challenges of the federal landscape over the course of your career? Patrick Craddock: I've spent over two decades in the intelligence community, most recently serving in senior executive roles at the CIA, where I operated at the intersection of mission, technology and transformation. My career began in protective operations before moving to oversight investigations, but over time, I found myself increasingly drawn toward solving systemic challenges. These include how organizations scale, adopt technology and modernize in environments where risk tolerance is understandably low. Adapting to the federal landscape requires an ability to operate in ambiguity while understanding that progress is rarely linear. The most effective leaders in this space don't try to force change, instead, they align it to mission priorities. In my last role leading Digital Futures, I focused on bridging emerging commercial technologies with mission needs, helping the organization responsibly adopt capabilities like artificial intelligence, machine learning and cloud solutions. That experience reinforced a key lesson: innovation in government is not a technology problem; it's a trust, culture, and integration problem. POC: What are your core strengths as a leader and what lessons taught you the most about driving success? Craddock: My core strength as a leader is the ability to translate complex problems into executable strategies and then build teams that can deliver against them. I've consistently operated in environments where risks are high and the margin for error is low, which requires clarity, accountability and trust. One of the most formative lessons in my career came during my time in the CIA's Office of Inspector General, where I helped transform an organization that was under-resourced and operating with outdated processes. We scaled the workforce significantly, transitioned from paper-based systems to a fully-digital environment and improved both the quality and timeliness of investigations. That experience taught me that real leadership is less about authority and more about creating the conditions for performance - aligning people, process and purpose. POC: If your career came to an end tomorrow, what have been the most significant accomplishments of your career? Where did you make the most impact? Craddock: The area where I made the most impact was in modernizing how critical mission organizations operate. Whether it was transforming protective operations, scaling investigative teams or introducing new technology frameworks, my focus has always been on leaving organizations better positioned than I found them. I'm particularly proud of the work we did to digitize investigative processes within the CIA's Office of Inspector General. Moving from paper-based workflows and files to a modern, data-driven system fundamentally changed how the organization functioned, improving efficiency, accountability, and, ultimately, our overall mission effectiveness. More broadly, I've worked to help bridge the gap between the CIA and industry. That gap often slows progress and I've spent much of my career acting as a translator between the two - helping each side understand how to work together more effectively. POC: How would you describe your management style and core values towards building a winning culture? Craddock: My management style is grounded in clarity, accountability and empowerment. I set clear expectations, provide the strategic direction and then trust my teams to execute. I believe high-performing teams are built when individuals understand not just what they're doing, but why it matters. Culturally, I value integrity, adaptability, and ownership. In national security environments, trust is everything. High functioning teams need to know that their leadership will make decisions grounded in both mission and ethics. At the same time, adaptability is critical because the landscape we operate in is constantly evolving. Semper Gumby, which is Latin for "Always Flexible." Ultimately, a winning culture is one where people are aligned to a shared purpose, empowered to act and held accountable for outcomes. POC: With emerging technology influencing the federal government and industry increasingly more by the day, what are some of the challenges on the business side of innovation that aren't always discussed as often as they should be? Craddock: One of the most under-discussed challenges is how innovation doesn't fail because of technology. It fails because of integration and incentives. From a business perspective, companies often underestimate how difficult it is to align their solutions with how the government actually buys, deploys and sustains technology. There's a tendency to focus on capability without fully understanding the operational environment or federal acquisition constraints. Another challenge is trust. In the national security space, adopting new technology requires a level of confidence not just in the solution, but in the company behind it. That takes time, relationships and a demonstrated understanding of the mission. Finally, there's a misalignment between short-term business incentives and long-term mission outcomes. True innovation in this space requires patience and partnership. It's not a quick or easy win. Become a Potomac Officer Club Insider Sign up for our weekly email & get exclusive event, and speaker updates, and find networking opportunities to connect with GovCon decision makers.