(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.
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.
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