AgEagle Secures Major Contract For eBee X And eBee TAC Drones For Use By U.S. Department Of Energy Laboratory; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
AgEagle Aerial Systems Inc. (NYSE:UAVS) has secured a contract to supply eBee X and eBee TAC drones to UT-Battelle, LLC for use at the Oak Ridge National Laboratory, managed on behalf of the U.S. Department of Energy. The drones were selected for their operational excellence, NDAA compliance, FAA-approved Operations Over People, and Blue UAS accreditation. The financial terms of the deal were not disclosed. This contract highlights AgEagle's role as a trusted partner in providing U.S. Government-certified drones for critical research, security, and emergency response efforts.
February 08, 2024 | 1:21 pm
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AgEagle's contract with UT-Battelle, LLC for the supply of eBee X and eBee TAC drones to the Oak Ridge National Laboratory underscores the company's strong position in the drone market, especially in government and security sectors.
The contract with a U.S. Department of Energy laboratory for the supply of drones signifies a major endorsement of AgEagle's technology and its compliance with stringent government standards. This could lead to increased visibility and potentially more government contracts, positively impacting the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100