DRONE AVIATION HOLDI (OTCMKTS:DRNE) has announced that it has been once again called to assist on the US Army WASP system. The company has been awarded an order from BAE systems, which is the prime contractor for the US military, to provide parts to enhance the WASP aerostat system. DRNE is known for specializing in developing lighter than air aerostat systems and tethered drones.
As per the company reports, the enhancements are being made in order to make use of the aerostat systems in the Department of Defense exercises. The upgrades are targeted at expanding the payload capability. This is being done so as to integrate the wireless electronics, optics and communication packages to the system. DRNE’s subsidiary, Drone Aviation Corp, will be working closely with L-3 Communication Systems-West, to make all this possible. The electronics part of the task would be taken care of by a working group from L-3CSW. Once the integration plan is complete and executed, the two companies would jointly market the technology. The project is due to be completed in July 2015.
Once delivered the aerostat systems would be tested in a month long exercises being conducted by the DoD. This would be the second time the aerostat would be a part of a military exercise. The last time the system was tested, it was successfully able to distribute secure live video feeds to the ground. The system is aimed at alerting soldiers about the changing scenario of battle on the ground and act accordingly. The CEO of DRNE, Felicia Hess, stated that as the aerostat system continues to evolve, her company takes pride in helping the military gain a unique and innovative solution, which is in accordance to today’s mission requirements. The military hopes that the system would be able to replace tactical relay antennas, while providing a better service.
DRONE AVIATION HOLDI (OTCMKTS:DRNE) saw a trading of 451,692 shares during the June 29 session, to register a decline of 5.54% and close at a stock price of $0.273.
