EagleNXT sells two eBee TAC drone systems to US military unit

WICHITA - EagleNXT (NYSE:UAVS), a $67 million market cap drone technology company with impressive gross profit margins of 52%, has supplied two of its eBee TAC unmanned aerial systems to a United States military unit as part of a larger Defense Logistics Agency (DLA) procurement, the company announced Thursday.

The lightweight, hand-launched fixed-wing drones offer up to 90 minutes of flight time and a 15 km range, designed for mapping and tactical intelligence, surveillance, and reconnaissance missions. The systems can generate 2D orthomosaics, 3D models, and thermal maps for applications such as terrain analysis and situational awareness. According to InvestingPro data, the company maintains a healthy balance sheet with cash reserves exceeding its debt obligations.

"We are honored to support the Defense Logistics Agency and its mission to enhance national security through advanced UAV solutions," said Bill Irby, CEO of EagleNXT, in a press release statement.

The eBee TAC is included on the U.S. Department of Defense’s Blue UAS Cleared list, indicating it meets federal government requirements for procurement. The system can be equipped with multiple sensor configurations for various mission requirements.

The Defense Logistics Agency, a combat support agency within the U.S. Department of Defense, manages procurement and distribution of equipment, supplies, and services to support military operations globally.

EagleNXT, formerly known as AgEagle Aerial Systems Inc., develops drones, sensors, and software solutions for defense, public safety, agriculture, infrastructure, and environmental monitoring applications. The company reports that its platforms have conducted more than one million flights globally. While the stock has shown significant volatility, posting a 99% gain over the past six months, InvestingPro analysis reveals 12 additional investment insights available to subscribers, including detailed valuation metrics and growth indicators.

In other recent news, EagleNXT announced the renewal of reseller agreements across the Asia Pacific region, enhancing its distribution network in countries such as India, China, South Korea, and Australia. The company also reported sales of its RedEdge-P Green units to three major distributors in the region, along with the sale of two eBee TAC drones to a customer in Thailand. Additionally, EagleNXT has renewed distributor agreements with key partners in Latin America, including Geo Agri and Santiago & Cintra in Brazil, GESTECNER in Paraguay, and INNTAGRI and SYSMAP in Peru and Ecuador. In Chile, EagleNXT has appointed UAVSICS as its official drone distributor, aiming to strengthen its presence in the Latin American UAV market. The company has also received an order for 12 eBee TAC tactical mapping drones from Tough Stump Technologies, which will be integrated into ARTEMIS kits for defense and public safety missions. Furthermore, EagleNXT has begun international shipments of its new RedEdge-P Green agricultural sensor to customers in South Korea, Taiwan, and India. These developments reflect EagleNXT’s strategic efforts to expand its global reach and enhance its product offerings in the drone and aerial imaging sector.

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