AgEagle Aerial Systems: Gains on manufacturing contract with Valqari

Ageagle Aerial Systems

15/10/2020 19:37

** Aerospace and defense company's shares  UAVS.A  jump
17.3% to $2.68
    ** Co enters a two-year exclusive contract to manufacture
Chicago-based startup Valqari's drone delivery station
 urn:newsml:reuters.com:*:nGNX7vYrJc
    ** AgEagle will make and assemble the drone delivery
stations in its new manufacturing and assembly facility in
Wichita, Kansas
    ** UAVS also made an equity investment in Valqari in
association with its current early-stage funding round
    ** AgEagle stock has gained nearly sixfold YTD    

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))