ALPP - Alpine 4's unit receives first order for UAVs from its $100M supply agreement
2023-07-07 16:31:38 ET
Alpine 4 Holdings ( NASDAQ: ALPP ) said Friday that its unit Vayu Aerospace has received a purchase order for its unmanned aerial vehicles from a U.S. government contractor.
As part of a $100 million supply agreement with All American Contracting, Vayu will initially provide ten G1 MKIII Fixed Wing UAVs worth $5.25 million.
The UAVs will be used in Nigeria's agriculture industry to surveil and analyze large swaths of land.
The deliveries are scheduled for Q4 2023 and Q1 2024.
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Alpine 4's unit receives first order for UAVs from its $100M supply agreement