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Benzinga
Benzinga
World
Adam Eckert

Why AgEagle Aerial Systems Stock Is Soaring Today

European Union European Union Aviation Safety Agency

AgEagle Aerial Systems Inc (AMEX:UAVS) shares are trading higher Tuesday after the company announced the European Union Aviation Safety Agency issued a Design Verification Report (DVR) establishing that the eBee X meets Ground Risk Class M2 mitigation qualifications.

The eBee X is the industry's first drone to receive a DVR from the European Union agency on M2 mitigation, which paves the way for European drone operators to seek approvals to use the drone to fly missions that go beyond line of sight and conduct operations over people.

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