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These excerpts taken from the AVAV 10-K filed Jun 24, 2009. Contractual Obligations The following table describes our commitments to settle contractual obligations as of April 30, 2009:
Contractual Obligations The following table describes our commitments to settle contractual obligations as of April 30, 2009:
These excerpts taken from the AVAV 10-K filed Jun 26, 2008. Contractual Obligations The following table describes our commitments to settle contractual obligations as of April 30, 2008:
We have entered into standby letter-of-credit agreements and bank guarantee agreements with financial institutions and customers primarily relating to the guarantee of our future performance on certain contracts to provide products and services and to secure advance payments we have received from certain international customers. As of April 30, 2008 and 2007, we had standby letters of credit totaling $0 and $389,000, respectively, without any claims against such letters of credit. These letters of credit expired upon release by the customer. Contractual Obligations The following table describes our commitments to settle contractual obligations as of April 30, 2008:
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