Drone Aviation Awarded DoD Contract for WASP Tactical Aerostat System
Drone Aviation Holding Corp. (OTCQX: DRNE) ("DAC" or "Drone Aviation"), a manufacturer of tethered drones and lighter-than-air aerostats, today announced that it has been awarded a multiple unit contract from the Department of Defense ("DoD") for its Winch Aerostat Small Platform ("WASP") tactical aerostat system.
Jay Nussbaum, Chairman of Drone Aviation Holding Corp., stated, "This DoD contract marks the latest milestone for the WASP which continues to demonstrate its unique capabilities and ability to meet evolving mission requirements. Having proven its capabilities through numerous Army exercises, the WASP is building a strong reputation for value, both on the battlefield as well in its potential role in national security. With this generation of the WASP, we are moving this Company from its development phase into a commercialization stage focused on aerial products designed for the military and civilian commercial markets."