Drone Aviation selected by prime contractor for additional $1.7 million award.

Drone Aviation Holding Corp., a manufacturer of tethered drones and lighter-than-air aerostats, announced on June 4 that it has been selected by a prime contractor for an additional award valued at approximately $1.7 million. This award is a follow-on to the $3.8 million contract awarded to Drone Aviation by this same prime contractor in January 2019, bringing the total award value to approximately $5.5 million.

The Winch Aerostat Small Platform, or WASP, is a mobile, tactical-sized aerostat capable of carrying a variety of payloads in support of military operations. WASP extends stand-off range for detection and communication. The self-contained launcher/trailer allows lightly-trained crews of 2-3 soldiers to operate from austere locations.The WASP has participated in a series of the Army’s Network Integration Experiment (NIE) and has been recognized as a solution that can support the warfighter (Picture source: Drone Aviation)

“We are honored to have been chosen for this follow-on award by our prime contractor,” said Jay Nussbaum, Chairman and CEO of Drone Aviation. “This award is another important milestone for Drone Aviation, one that creates a valuable new stream of revenue and cashflow for the Company as we continue to execute on our strategic plan.”

Due to customer-related confidentiality considerations, no additional information will be provided related to this award at this time.

Drone Aviation’s tethered aerostat systems are based around a proprietary “smart leash” technology that provides persistent and reliable control, power and communications, bridging the gap between large, complex aerostats and small short-endurance drones.

Their tethered aerial platforms currently serve key tier-one customers including the United States Department of Defense and Department of Homeland Security. They provide multi-mission capabilities, extending the range of communications, ISR (Intelligence, Surveillance & Reconnaissance) and SIGINT (Signals Intelligence) and providing persistent silent protection, day or night.

 WATT 300 is designed as a heaver-lift tethered drone created for multi-mission requirements. Foul weather capable and with a payload lift capacity of 10 lbs., WATT 300 allows you to carry ISR (Intelligence, surveillance, and reconnaissance) and Comms payloads in winds up to 20 knots.(Picture source: Drone Aviation)