U.S. Army acquires eBee VISION drones for multinational training

WICHITA, Kan. - EagleNXT (NYSE:UAVS) announced Thursday the sale of three eBee VISION drones to the U.S. Army’s 1st Battalion, 4th Infantry Regiment stationed at the Joint Multinational Readiness Center (JMRC) in Hohenfels, Germany. The micro-cap company, currently valued at approximately $62 million, has seen its stock surge 129% over the past six months despite recent volatility. According to InvestingPro data, the stock appears slightly undervalued based on Fair Value estimates.

The drones will support the battalion’s role as the dedicated opposing force (OPFOR) at JMRC, where military units from the U.S. and NATO allies conduct force-on-force training exercises. The unmanned aerial systems will be used to create more realistic battlefield simulations for multinational units rotating through the center.

"These systems will empower the OPFOR at the Joint Multinational Readiness Center to deliver cutting-edge training scenarios for U.S. and allied forces from around the world," said Bill Irby, CEO of EagleNXT, in the press release.

The eBee VISION drones feature high-resolution imaging capabilities, real-time data transmission, and up to 90 minutes of flight time. The lightweight systems are designed for rapid deployment and can provide live feeds during training exercises.

The 1st Battalion, 4th Infantry Regiment differs from traditional Army units as its primary mission is to simulate enemy forces rather than deploy to combat zones. This role allows visiting units to train against a challenging adversary in realistic scenarios.

EagleNXT, formerly known as AgEagle Aerial Systems Inc., develops drones, sensors, and software for defense, public safety, agriculture, and environmental monitoring applications. The company’s platforms have received Federal Aviation Administration approvals for Operations Over People and Beyond Visual Line of Sight, according to the statement. While the company boasts impressive gross profit margins of nearly 52% and holds more cash than debt on its balance sheet, it remains unprofitable with a negative $7.2 million in EBITDA over the last twelve months. Investors watching this volatile stock should note that EagleNXT will report earnings on November 13. InvestingPro subscribers can access 10 additional investment tips and comprehensive financial data to better evaluate this defense technology player.

In other recent news, EagleNXT has made several strategic moves in expanding its global presence and securing significant deals. The company renewed reseller agreements across the Asia Pacific region, enhancing its distribution network in countries such as India, China, South Korea, and Australia. This expansion was accompanied by sales of RedEdge-P Green units to major distributors and the sale of eBee TAC drones to a customer in Thailand. Additionally, EagleNXT appointed Makville Business Consultation as an authorized distributor for its senseFly drones in Egypt, aiming to strengthen its market presence in the region.

The company also announced the appointment of UAVSICS as its official drone distributor in Chile, tapping into the growing unmanned aerial vehicle market in Latin America. In a notable defense sector development, EagleNXT supplied two eBee TAC unmanned aerial systems to a U.S. military unit as part of a Defense Logistics Agency procurement. Furthermore, Tough Stump Technologies placed an order for 12 eBee TAC tactical mapping drones, which will be used in ARTEMIS kits for defense and public safety missions. These recent developments highlight EagleNXT’s ongoing efforts to expand its market reach and secure key partnerships globally.

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