Great post! May I add that, in 2017, the drone business was not a source of significant revenues compared to Howco's $22M revenue. This is changing. The master agreement with Kentucky to supply police and fire departments with all the drones and drone parts is HUUUUGE news that went under the radar because it was PRed during note conversion. When a company is awarded a contract of that magnitude, more follow. That was the biggest achievement to date for the drone business. Howco could easily be on track for $30M+ revenues, and as purchase orders come in for drones from Kentucky we can expect more big revenues.
Here same FACTS to look forward to from tomorrows $716 billion defense bill signing:
DRUS already has contracts with the government so all this bill does for DRUS is essentially increasing the PRICE and AMAUNT of contracts that we will receive!!!
“• A preliminary review of the Department of Defense’s budget request for FY 2019 finds approximately $9.39 billion in drone-related procurement, research and development, and construction funding, 26 percent more than the FY 2018 request; • The FY 2019 request contains orders for at least 3,447 new unmanned air, ground, and sea systems, a threefold increase over the FY 2018 request; • The FY 2019 request also contains orders for 1,618 Switchblade loitering munitions—the largest to date— and 532 other unmanned systems such as aerostats and target drones; • Compared to the FY 2018 request, Navy funding for unmanned systems increased by approximately $1 billion (38 percent) and Army funding increased by $719 million (73 percent); • Funding for the Air Force’s MQ-9 Reaper, which remains the single largest drone budget item, grew by over $200 million, from $1.23 billion to $1.44 billion; • A more than $500 million boost to the Navy’s MQ-25 Stingray research and development program is the single greatest contributor to the overall increase in drone spending; • The Army and Navy intend to initiate the procurement of new unmanned ground and sea vehicles and have increased funding for the development of larger, more autonomous drones; • Funding for counter-drone systems—including a shipboard laser—continues to rise, growing by 99 percent to around $1.05 billion; • The Pentagon has introduced new research programs that address autonomy and artificial intelligence and has boosted funding for Project Maven, an artificial intelligence program, by 81 percent to over $100 million.”
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