Drone USA (DRUS) Stock Surges on Contract with Govt. Defense Logistics Agency

Alerts
Share


(NEW YORK)–Drone USA, Inc. (OTCQB: DRUS) saw its stock spike on news the company was awarded contract from the US Government’s Defense Logistics Agency for their drone products.

Sponsor: AppSwarm (OTC:SWRM)

DRUS stock surged on news that its subsidiary, Howco Distributing Co, was awarded a three year $1.7 million dollar contract from the US Government’s Defense Logistics Agency, with an option to extend for an additional two years for trailer support components.

Howco Distributing, which is a subsidiary of DRUS, is a premier supplier of spare and replacement parts to a wide variety of Federal Government agencies, U.S. military prime contractors and commercial customers worldwide. Founded in 1990 and located in Vancouver, Washington, Howco’s services encompass bid solicitation, contract management, packaging and logistics for construction, transportation, mining and heavy equipment spare and replacement parts to customers worldwide utilizing a wide variety of supply chain solutions. Howco was the winner of 2017 United States Department of Defense Logistics Agency’s Commander’s Choice Supplier Award and the 2012 United States Department of Defense Logistics Agency’s Bronze Supplier Award.

This news sent DRUS stock running from around $0.005 Monday to a high of around $0.04 before pulling back before the holiday break.

Ludlow Research, a small cap equity research firm based in New York City, made note to subscribers that DRUS new contract, low float, and break above its 50-day moving average could set the stage for continued move higher as more information gets released.

About Drone USA, Inc.

Drone USA, Inc. (OTCQB: DRUS), headquartered in West Have, CT., is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Our competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Our primary markets U.S. police, firemen, U.S. industry and the U.S. Government.

Investor Updates

Join our free investor mailing list to get updates on DRUS, and other stocks on the move


Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated for this media alert. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

High Risk
Small and Micro cap stocks involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.