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.
For further details see:
Alpine 4's unit receives first order for UAVs from its $100M supply agreement