AeroVironment (AVAV)

Contractual Obligations

        The following table describes our commitments to settle contractual obligations as of April 30, 2009:

(1)

Consists of all cancelable and non-cancelable purchase orders as of April 30, 2009.

Contractual Obligations

        The following table describes our commitments to settle contractual obligations as of April 30, 2009:

(1)

Consists
of all cancelable and non-cancelable purchase orders as of April 30, 2009.

Contractual Obligations

        The following table describes our commitments to settle contractual obligations as of April 30, 2008:

(1)

Consists of all cancelable and non-cancelable purchase orders 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:

(1)

Consists
of all cancelable and non-cancelable purchase orders 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.