M
ME NEWS
08 Apr 2025, 05:49
AeroVironment, Inc. Amends Lease Agreement for Simi Valley Facility, Removes Early Termination Clause
ARLINGTON, VA – April 7, 2025 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in multi-domain robotic systems, announced via a Form 8-K filing that it has executed a Fourth Amendment to its lease agreement for its facility located at 900 Innovators Way, Simi Valley, California.
The amendment, signed on April 2, 2025, formally confirms the mutual understanding between AeroVironment and its landlord, Hillside III, LLC, that the early termination right previously available to the company has been removed. This understanding was initially discussed prior to the execution of the Third Lease Amendment in October 2024 but has now been formally incorporated into the lease contract.
This change signifies a longer-term operational commitment by AeroVironment to the Simi Valley property, which serves as a key location for its technology development and production capabilities.
Key Details:
Property Address: 900 Innovators Way, Simi Valley, CA 93065
Leaseholder: AeroVironment, Inc.
Landlord: Hillside III, LLC
Amendment Type: Fourth Amendment
Effective Date: April 2, 2025
Key Change: Removal of early termination right
The company has filed the Fourth Amendment as Exhibit 99.1 to its Form 8-K dated April 2, 2025.
About AeroVironment, Inc.
AeroVironment, Inc. is a technology solutions provider at the forefront of unmanned aircraft systems (UAS), tactical missile systems, and advanced robotic platforms. Headquartered in Arlington, Virginia, the company serves both defense and commercial customers with innovative, mission-critical solutions.
ARLINGTON, VA – April 7, 2025 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in multi-domain robotic systems, announced via a Form 8-K filing that it has executed a Fourth Amendment to its lease agreement for its facility located at 900 Innovators Way, Simi Valley, California.
The amendment, signed on April 2, 2025, formally confirms the mutual understanding between AeroVironment and its landlord, Hillside III, LLC, that the early termination right previously available to the company has been removed. This understanding was initially discussed prior to the execution of the Third Lease Amendment in October 2024 but has now been formally incorporated into the lease contract.
This change signifies a longer-term operational commitment by AeroVironment to the Simi Valley property, which serves as a key location for its technology development and production capabilities.
Key Details:
Property Address: 900 Innovators Way, Simi Valley, CA 93065
Leaseholder: AeroVironment, Inc.
Landlord: Hillside III, LLC
Amendment Type: Fourth Amendment
Effective Date: April 2, 2025
Key Change: Removal of early termination right
The company has filed the Fourth Amendment as Exhibit 99.1 to its Form 8-K dated April 2, 2025.
About AeroVironment, Inc.
AeroVironment, Inc. is a technology solutions provider at the forefront of unmanned aircraft systems (UAS), tactical missile systems, and advanced robotic platforms. Headquartered in Arlington, Virginia, the company serves both defense and commercial customers with innovative, mission-critical solutions.