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WICHITA, Kan. - AgEagle Aerial Systems Inc. (NYSE:UAVS), a drone manufacturer with a current market capitalization of $20.47 million, announced Friday that its eBee TAC drone has received Blue UAS certification, making it eligible for procurement by the U.S. Department of Defense (DoD) and other federal agencies. According to InvestingPro analysis, the company currently trades below its Fair Value.
The certification confirms the drone’s compliance with DoD security and performance standards, allowing for direct and expedited government procurement. The eBee TAC previously held Green UAS certification, which the DoD Defense Innovation Unit (DIU) has now recognized as a pathway to Blue UAS Cleared status.
"This is a transformative moment for AgEagle and places us in a position to supply our military with the equipment and technology needed to counter modern battlefield threat situations," said Bill Irby, CEO of AgEagle Aerial Systems. The company maintains impressive gross profit margins of 49.2% and holds more cash than debt on its balance sheet, according to InvestingPro data.
The certification aligns with Executive Order 14307 and the Secretary of Defense’s July 10 memorandum aimed at rapidly fielding NDAA-compliant Group 1 and 2 drones.
The eBee TAC is a lightweight, hand-launched fixed-wing drone weighing 3.5 pounds. It is designed for tactical mapping and reconnaissance with capabilities including up to 90 minutes of flight time, operation in disconnected environments, and secure data sharing for near real-time situational awareness.
These features correspond with U.S. Defense Secretary Pete Hegseth’s call for low-cost, expendable drones for squad-level operations.
AgEagle, founded in 2010, initially focused on drones for the agriculture industry but has since expanded to serve customers in energy, construction, agriculture, and government sectors. With trailing twelve-month revenue of $13.15 million, the company faces some financial challenges, earning a WEAK overall financial health score from InvestingPro, which offers 14 additional exclusive insights about the company’s performance and outlook.
The information in this article is based on a company press release statement.
In other recent news, AgEagle Aerial Systems Inc. announced that NYSE American has approved its plan to regain compliance with stockholders’ equity requirements by October 2026. The company reported a stockholders’ deficit of $5.7 million as of December 2024, with ongoing losses over the past five fiscal years. Additionally, AgEagle has replaced its independent auditor WithumSmith+Brown with Grassi & Co., effective July 2025. This change comes after identifying a material weakness in internal controls related to financial reporting.
AgEagle is also making strides in its technology offerings, planning to demonstrate AI-enabled autonomous drone operations in collaboration with an Israeli defense technology firm. This demonstration will showcase drones operating with minimal human intervention for border security applications. In a separate development, AgEagle announced the sale of additional eBee X drones to South Korea, bringing the total number of units in the country to over 100. This expansion highlights AgEagle’s growing presence in the Asia-Pacific market.
The drone sector has seen increased interest following the Pentagon’s decision to fast-track drone production, with AgEagle among the companies benefiting from this policy shift. The company’s stock saw a notable increase amid these developments, reflecting heightened investor interest.
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