Tough Stump orders 12 tactical drones from EagleNXT for defense use

WICHITA, Kan. - EagleNXT (NYSE:UAVS), a $73 million market cap drone manufacturer whose stock has surged nearly 17% in the past week and 57% over six months according to InvestingPro, has received an order for 12 eBee TAC tactical mapping drones from Tough Stump Technologies, the company announced Thursday.

The drones will be integrated into Tough Stump’s ARTEMIS (Aerial Reconnaissance Tactical Edge Mapping and Imagery System) kits, which are used for aerial reconnaissance and intelligence gathering in defense, public safety, and humanitarian missions. InvestingPro data shows EagleNXT maintains strong liquidity with a current ratio of 2.82, suggesting robust operational capability.

According to the press release, the eBee TAC drone offers up to 90 minutes of flight time and a 34-mile range. The system can be operated by one person in disconnected environments without ground control points and provides accuracy down to 0.6 inches using RTK/PPK technology.

"This order underscores the confidence that Tough Stump has placed in EagleNXT to deliver mission-critical performance," said Bill Irby, CEO of EagleNXT, in the statement.

Ben Brown, Co-Founder and Chief Operating Officer of Tough Stump Technologies, noted that the eBee TAC’s reliability makes it "an ideal fit for our ARTEMIS ecosystem."

The companies have collaborated since 2018, with Tough Stump using eBee systems in ARTEMIS deployments. Both the eBee TAC and eBee VISION are included on the U.S. Department of Defense’s Blue UAS Cleared List, which allows their use in government applications.

EagleNXT, formerly known as AgEagle Aerial Systems, provides drone and aerial imaging solutions for various sectors including defense, public safety, agriculture, and infrastructure monitoring. The company reports that its platforms have conducted more than one million flights globally.

The financial terms of the order were not disclosed in the announcement. While EagleNXT boasts impressive gross margins of 52%, InvestingPro analysis reveals 12 additional key insights about the company’s financial health and market position. Subscribers can access detailed valuation metrics and growth indicators to better evaluate investment opportunities in the drone sector.

In other recent news, EagleNXT has renewed reseller agreements with key partners across the Asia Pacific region, including India, China, South Korea, and Australia. The company reported sales of its RedEdge-P Green units to major distributors in the region and sold two eBee TAC drone units to a customer in Thailand. EagleNXT also renewed distributor agreements with partners in Latin America, expanding its presence with companies like Geo Agri and Santiago & Cintra in Brazil, GESTECNER in Paraguay, and INNTAGRI and SYSMAP in Peru and Ecuador. Additionally, AgEagle Aerial Systems Inc. has commenced international shipments of its new RedEdge-P Green camera to customers in South Korea, Taiwan, and India. The company has integrated its MicaSense RedEdge-P multispectral camera with Ascent AeroSystems’ drone platforms, offering a new combined solution. In Colombia, Drummond Ltd. received certifications for advanced drone operations using AgEagle’s eBee X drone, enabling expanded operational capabilities. These developments reflect significant progress in EagleNXT’s global distribution and technological integration efforts.

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