No, it comes with Applied ballistics ... You can update the new firmware if you want to for free, but it comes with applied ballistics already on it
Kestrel Sportsman Weather Meter with Applied Ballistics Features
Employs the enhanced Applied Ballistics G1/G7 solver, including Aerodynamic Jump, Spin Drift and Coriolis corrections to achieve accurate long-range shots.
Muzzle Velocity Truing allows for accurate measurement of bullet speed without a chronograph.
Optional LiNK connectivity powered by Bluetooth Smart® provides wireless communication to mobile devices and computers. and integration with LiNK compatible laser range finders for improved speed and accuracy.
Choice of solution units (Mils, MOA, or clicks)- works with any gun or targeting scope.
Weather mode offers the full environmental measurements, storage and charting capabilities of the Kestrel 5500 Weather Meter, including wind speed, direction, crosswind, temperature, humidity, pressure and altitude.
Large, hi-res, hi-contrast, graphic display is perfectly readable in the brightest sunlight. Includes both bright white and night-vision-preserving red backlight.
Kestrel LiNK for Ballistics app on iOS and Android provides convenient gun management and backup.
Rugged (drop tested to MIL-STD-810G standards) and waterproof (sealed to IP67 standards).
Protective pouch, neck lanyard and Lithium AA battery included